HDFC Bank, Reliance Industries Lead the Pack

Six of India’s top-10 most valued companies collectively added a staggering ₹86,847.88 crore to their market valuation last week, driven by a bullish trend in the equity markets. The gains were spearheaded by HDFC Bank and Reliance Industries, with notable contributions from ICICI Bank, Bharti Airtel, ITC, and Hindustan Unilever.

Stock Market Overview

The benchmark BSE Sensex climbed 657.48 points or 0.84%, while the Nifty 50 gained 225.9 points or 0.95%, setting a positive tone for the week.

Biggest Gainers: HDFC Bank and Reliance Industries

1. HDFC Bank: The banking giant witnessed a surge of ₹20,235.95 crore in its market capitalization (mcap), which now stands at ₹13,74,945.30 crore.
2. Reliance Industries: Adding ₹20,230.9 crore, the conglomerate’s valuation reached an impressive ₹16,52,235.07 crore, retaining its position as the most valued company in India.

Other Major Gainers

• ITC: The FMCG-to-tobacco major recorded a valuation jump of ₹17,933.49 crore, bringing its total mcap to ₹5,99,185.81 crore.
• ICICI Bank: With an addition of ₹15,254.01 crore, its market valuation climbed to ₹9,22,703.05 crore.
• Bharti Airtel: The telecom leader saw a gain of ₹11,948.24 crore, taking its valuation to ₹9,10,735.22 crore.
• Hindustan Unilever: The consumer goods behemoth rallied ₹1,245.29 crore, reaching a valuation of ₹5,49,863.10 crore.

Declining Valuations: SBI, LIC, TCS, and Infosys

Despite the overall optimistic sentiment, four major companies saw declines:

• State Bank of India (SBI): Its valuation dropped by ₹11,557.39 crore, settling at ₹7,13,567.99 crore.
• Life Insurance Corporation (LIC): Witnessed an erosion of ₹8,412.24 crore, with its mcap now at ₹5,61,406.80 crore.
• Infosys: The IT services giant saw its valuation dip by ₹2,283.75 crore, closing at ₹7,95,803.15 crore.
• Tata Consultancy Services (TCS): Registered a marginal decline of ₹36.18 crore, with its market valuation at ₹15,08,000.79 crore.

Top 10 Most Valued Indian Companies (by Market Capitalization)

1. Reliance Industries
2. Tata Consultancy Services (TCS)
3. HDFC Bank
4. ICICI Bank
5. Bharti Airtel
6. Infosys
7. State Bank of India (SBI)
8. ITC
9. Life Insurance Corporation (LIC)
10. Hindustan Unilever

These valuations underscore the resilience and dynamism of India’s corporate giants amid evolving market trends.