Market cap of 5 of top-10 most valued firms jumps by ₹1.13 lakh crore; Airtel top gainer | Stock Market News


Five of the ten most valuable companies on the stock market collectively added 1,13,117.17 crore to their market capitalization last week, with Bharti Airtel emerging as the top gainer. In contrast, Reliance Industries, State Bank of India (SBI), Life Insurance Corporation (LIC), ITC, and Hindustan Unilever faced declines in their valuations.

During the week, the BSE benchmark index rose by 623.07 points (0.76%), while the Nifty gained 90.5 points (0.36%).

Bharti Airtel witnessed the most significant growth, with its market capitalization surging by 47,836.6 crore to reach 9,57,842.40 crore. Infosys followed, adding 31,826.97 crore to its valuation, bringing its total to 8,30,387.10 crore.

Among other gainers, HDFC Bank saw its valuation increase by 11,887.78 crore, pushing its total market cap to 14,31,158.06 crore, while ICICI Bank added 11,760.8 crore to reach 9,49,306.37 crore. Tata Consultancy Services (TCS) also saw growth, with its market cap rising by 9,805.02 crore to stand at 16,18,587.63 crore.

On the losing side, Reliance Industries recorded the steepest decline, with its market valuation falling by 52,031.98 crore to 17,23,144.70 crore. LIC’s valuation dropped by 32,067.73 crore to 5,89,869.29 crore, while Hindustan Unilever saw a loss of 22,250.63 crore, reducing its market cap to 5,61,423.08 crore.

The market capitalization of State Bank of India fell by 2,052.66 crore to 7,69,034.51 crore, while ITC lost 1,376.19 crore, bringing its valuation to 5,88,195.82 crore.

Despite the losses, Reliance Industries retained its position as the most valuable company, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, LIC, ITC, and Hindustan Unilever.

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Business NewsMarketsStock MarketsMarket cap of 5 of top-10 most valued firms jumps by ₹1.13 lakh crore; Airtel top gainer

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