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Last week, five of India’s top 10 most valued firms collectively added Rs 85,582.21 crore to their market valuation, with Life Insurance Corporation of India (LIC) leading the gains, reflecting the positive trend in equities.
The BSE benchmark Sensex climbed 299.41 points or 0.39%, hitting an all-time high of 77,145.46 on June 13. The gainers included Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India, and LIC, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, Hindustan Unilever, and ITC saw their market valuations decline, collectively losing Rs 84,704.81 crore.
LIC’s valuation surged by Rs 46,425.48 crore, reaching Rs 6,74,877.25 crore, making it the biggest gainer among the top-10 firms. HDFC Bank’s market cap increased by Rs 18,639.61 crore to Rs 12,14,965.13 crore. Reliance Industries added Rs 10,216.41 crore, bringing its valuation to Rs 19,98,957.88 crore. State Bank of India saw a rise of Rs 9,192.35 crore, pushing its valuation to Rs 7,49,845.89 crore, and Bharti Airtel’s market cap went up by Rs 1,108.36 crore to Rs 8,11,524.37 crore.
On the losing side, Hindustan Unilever’s valuation dropped by Rs 22,885.02 crore to Rs 5,82,522.41 crore. TCS’s market cap fell by Rs 22,052.24 crore to Rs 13,86,433.05 crore, while Infosys lost Rs 18,600.5 crore, bringing its valuation to Rs 6,18,030.37 crore. ICICI Bank’s valuation decreased by Rs 11,179.27 crore to Rs 7,77,795.90 crore, and ITC’s market cap declined by Rs 9,987.78 crore to Rs 5,38,216.34 crore.
Reliance Industries remained the most valued firm among the top-10 companies, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, LIC, Infosys, Hindustan Unilever, and ITC.
