Nine of India’s Top 10 Most Valued Firms Gain ₹2.34 Lakh Crore in Market Cap This Week

Riding the tide of bullish sentiment on the stock market, nine of India's top ten most valued listed companies saw a combined rise of ₹2.34 lakh crore in their market capitalization this week.

The push came hand in hand with a strong show by the BSE benchmark index, which rose by 1,650.73 points, or 2%, during the same time.

Key Market Movers
Bharti Airtel was one of the biggest gainers in the rally as its valuation increased by ₹51,860.65 crore to ₹11.56 lakh crore.

HDFC Bank was the next with an addition of ₹37,342.73 crore and a market cap of ₹15.44 lakh crore. Bajaj Finance also registered a significant increase of ₹26,037.88 crore to take its overall valuation to ₹5.88 lakh crore.

ICICI Bank contributed ₹24,649.73 crore, and its value is now at ₹10.43 lakh crore. Life Insurance Corporation (LIC) also posted a gain of ₹13,250.87 crore, taking its market capitalization to ₹6.05 lakh crore.

State Bank of India (SBI) clocked a rise of ₹8,389.15 crore, taking its valuation to ₹7.18 lakh crore. Tata Consultancy Services (TCS) recorded a lesser increase of ₹3,183.91 crore, bringing its market cap to ₹12.45 lakh crore.

Hindustan Unilever recorded a marginal increase of ₹293.7 crore, bringing its value to ₹5.41 lakh crore.

Single Loser: Infosys
Infosys was the only heavyweight to decline. The market capitalisation of the IT major dropped by ₹5,494.8 crore, its overall value plummeting to ₹6.68 lakh crore.

Current Standings in Market Cap
Based on the recent data, India's largest companies by market cap are:

HDFC Bank
TCS
Bharti Airtel
ICICI Bank
SBI
Infosys
LIC
Bajaj Finance
Hindustan Unilever

Recap of the Last Week
Last week, six of the top ten firms had collectively contributed ₹1.62 lakh crore in valuation, inspired by optimistic investor mood. Over the same period, Sensex had risen 1.58%, gaining 1,289.57 points.