Market recap: 6 of top-10 most valued firms add over Rs 75,250 crore to mcap; TCS, Infosys lead gains
The combined market capitalisation of six of India’s ten most-valued companies rose by Rs 75,256.97 crore over the past week, even as the broader equity market closed lower. Tata Consultancy Services (TCS) and Infosys led the gains among the top firms. During the week, the BSE benchmark index slipped 338.3 points, or 0.39 per cent. Despite the decline, several heavyweight stocks saw an increase in their valuations. Reliance Industries, Bharti Airtel, Tata Consultancy Services, State Bank of India, Infosys and Larsen & Toubro ended the week with higher market capitalisation. In contrast, HDFC Bank, ICICI Bank, Bajaj Finance and Life Insurance Corporation of India (LIC) recorded a fall in their valuations. Tata Consultancy Services saw its market value surge by Rs 22,594.96 crore, taking its total valuation to Rs 11,87,673.41 crore. Infosys followed with an increase of Rs 16,971.64 crore, pushing its market capitalisation to Rs 6,81,192.22 crore. State Bank of India added Rs 15,922.81 crore to reach a valuation of Rs 9,04,738.98 crore, while Reliance Industries’ market capitalisation rose by Rs 12,314.55 crore to Rs 21,17,967.29 crore. Bharti Airtel’s valuation climbed Rs 7,384.23 crore to Rs 11,95,332.34 crore. Larsen & Toubro also saw a marginal increase, with its market capitalisation rising by Rs 68.78 crore to Rs 5,60,439.16 crore. On the other hand, HDFC Bank witnessed the sharpest decline, with its market value falling by Rs 21,920.08 crore to Rs 15,16,638.63 crore. LIC’s valuation slipped by Rs 9,614 crore to Rs 5,39,206.05 crore. ICICI Bank’s market capitalisation declined by Rs 8,427.61 crore to Rs 9,68,240.54 crore, while Bajaj Finance saw its valuation dip by Rs 5,880.25 crore to Rs 6,27,226.44 crore. Reliance Industries continued to hold the position of the most-valued company, followed by HDFC Bank, Bharti Airtel, Tata Consultancy Services, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro and LIC.
