Market capitalization of eight out of the top 10 most valued companies surged by Rs 1,10,106.83 crore in the past week, with Reliance Industries Ltd (RIL) leading the gains. During this period, the 30-share BSE Sensex index rose by 716.16 points or 0.97 percent.
Among the gainers were RIL, ICICI Bank, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever Ltd (HUL), while Tata Consultancy Services (TCS) and Infosys witnessed a combined decline of Rs 38,477.49 crore in market capitalization. Reliance Industries saw an increase of Rs 43,976.96 crore in its market capitalization, reaching Rs 20,20,470.88 crore. On Friday, shares of RIL hit a fresh 52-week high of Rs 2,996.15 apiece.
The market capitalization of ICICI Bank surged by Rs 27,012.47 crore to Rs 7,44,808.72 crore, and that of state-owned insurer LIC jumped by Rs 17,235.62 crore to Rs 6,74,655.88 crore. ITC’s market capitalization rallied by Rs 8,548.19 crore to Rs 5,13,640.37 crore, and Hindustan Unilever Ltd zoomed by Rs 4,534.71 crore to Rs 5,62,574.38 crore.
State Bank of India’s market capitalization climbed by Rs 4,149.94 crore to Rs 6,77,735.03 crore, surpassing Infosys to become the country’s fifth most-valued firm by market capitalization on the BSE. Bharti Airtel’s market capitalization rose by Rs 3,855.73 crore to Rs 6,34,196.63 crore, and HDFC Bank’s market capitalization increased by Rs 793.21 crore to Rs 10,79,286.5 crore.
However, Tata Consultancy Services’ market capitalization declined by Rs 27,949.73 crore to Rs 14,66,030.97 crore, and Infosys saw a slump of Rs 10,527.76 crore to Rs 6,96,045.32 crore. Reliance Industries maintained its position as the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Infosys, SBI, LIC, Bharti Airtel, Hindustan Unilever, and ITC.
