The Indian stock market witnessed a surge last week, with nine of the top-10 most valued firms adding a combined Rs 2,89,699.42 crore in market valuation. Reliance Industries emerged as the biggest gainer, mirroring the overall bullish sentiment in the market. The BSE benchmark, Sensex, saw a substantial jump of 1,822.83 points, representing a 2.36% gain last week. June proved to be an even stronger month, with the Sensex recording its best monthly gain at 7.14%. The index even breached the historic 79,000 mark on Thursday.
Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, Hindustan Unilever, and ITC all experienced significant gains in their market capitalizations. However, Life Insurance Corporation of India (LIC) stood out as the only laggard among the top 10.
Reliance Industries’ market capitalization soared by a remarkable Rs 1,52,264.63 crore, reaching Rs 21,18,951.20 crore. TCS followed closely with an addition of Rs 34,733.64 crore, taking its valuation to Rs 14,12,845.09 crore. ICICI Bank’s market capitalisation experienced a significant boost of Rs 30,286.99 crore, reaching Rs 8,44,201.88 crore, while Bharti Airtel’s surged by Rs 18,267.7 crore to Rs 8,22,530.35 crore.
Infosys saw its market valuation climb Rs 14,656.3 crore to Rs 6,50,602.10 crore, and HDFC Bank’s zoomed Rs 13,808.74 crore to Rs 12,80,865.43 crore. State Bank of India’s valuation rallied Rs 11,111.14 crore to Rs 7,57,565.68 crore. Hindustan Unilever’s mcap went up by Rs 7,953.37 crore to Rs 5,81,570.83 crore, and ITC’s climbed Rs 6,616.91 crore to Rs 5,30,475.82 crore.
In contrast, LIC’s valuation tumbled by Rs 22,042.61 crore to Rs 6,25,573.90 crore. Despite this decline, Reliance Industries retained its position as the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever, and ITC. This information was published by PTI, and DNA staff did not edit the content.
