Mediaeye News
Mumbai: The combined market capitalisation of four of India’s 10 most-valued companies rose by ₹92,995.48 crore last week, led by strong gains in HDFC Bank and Bharti Airtel, despite the broader equity market closing in negative territory.
During the week, the Sensex declined 194.52 points, or 0.25 per cent, while the Nifty slipped 63.95 points, or 0.26 per cent.
Among the country’s 10 most-valued companies, Reliance Industries, HDFC Bank, Bharti Airtel, and Life Insurance Corporation of India (LIC) registered gains in their market capitalisation.
In contrast, ICICI Bank, State Bank of India (SBI), Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro (L&T), and Hindustan Unilever together witnessed an erosion of Rs 49,294.13 crore in their market valuation.
HDFC Bank recorded the largest increase in market capitalisation during the week, with its valuation rising by Rs 35,808.09 crore to Rs 12,69,454.42 crore.
Bharti Airtel followed closely, adding Rs 34,896.92 crore to take its market valuation to Rs 11,98,774.22 crore.
LIC’s market capitalisation rose by Rs 16,065.5 crore to Rs 5,60,205.05 crore, while Reliance Industries added Rs 6,224.97 crore, taking its valuation to Rs 17,71,206.33 crore.
On the losing side, Hindustan Unilever registered the steepest decline, with its market capitalisation falling by Rs 12,088.65 crore to Rs 5,04,997.65 crore.
Larsen & Toubro’s valuation declined by Rs 11,040.23 crore to Rs 5,42,938.40 crore, while TCS lost Rs 8,574.87 crore in market value, ending the week at Rs 7,48,600.40 crore.
Bajaj Finance saw its market capitalisation shrink by Rs 7,813.58 crore to Rs 6,35,327.78 crore. ICICI Bank’s valuation slipped by Rs 6,315.32 crore to Rs 10,05,379.71 crore, while SBI’s market value declined by Rs 3,461.48 crore to Rs 9,56,430.44 crore.
Despite the mixed performance, Reliance Industries retained its position as India’s most-valued company by market capitalisation. It was followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, LIC, Larsen & Toubro and Hindustan Unilever.
More Stock Market News on www.mediaeyenews.com
–IANS
