Last week witnessed significant movements in the market valuations of India's top companies, reflecting the overall positive sentiment in the equity markets. The combined market capitalization of five out of the top-10 firms surged by Rs 85,582.21 crore. Leading this gain was Life Insurance Corporation of India (LIC), which saw the largest increase in valuation.
During the week, the BSE benchmark Sensex rose by 299.41 points or 0.39%, reaching a record high of 77,145.46 on June 13.
Among the gainers were Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India, and LIC, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, Hindustan Unilever, and ITC experienced declines in their market capitalization, collectively losing Rs 84,704.81 crore.
LIC saw its valuation rise sharply by Rs 46,425.48 crore to reach Rs 6,74,877.25 crore, marking the highest gain among the top-10 firms.
HDFC Bank's market capitalization increased by Rs 18,639.61 crore to Rs 12,14,965.13 crore, while Reliance Industries added Rs 10,216.41 crore, bringing its valuation to Rs 19,98,957.88 crore.
State Bank of India's market cap climbed by Rs 9,192.35 crore to Rs 7,49,845.89 crore, and Bharti Airtel's rose by Rs 1,108.36 crore to Rs 8,11,524.37 crore.
Conversely, Hindustan Unilever saw a decline of Rs 22,885.02 crore in its market valuation, which fell to Rs 5,82,522.41 crore.
TCS witnessed a decrease of Rs 22,052.24 crore to Rs 13,86,433.05 crore, and Infosys's market cap eroded by Rs 18,600.5 crore 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, while ITC's market cap lowered by Rs 9,987.78 crore to Rs 5,38,216.34 crore.
Reliance Industries maintained its position as 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. These fluctuations highlight the dynamic nature of the stock market and the varied performance across different sectors and companies.
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