Top-10 Firms Add ₹74,111 Crore In Market Value, Reliance Industries Emerges Biggest Gainer With ₹24,697 Crore Jump
· Free Press Journal
Mumbai: Indian stock markets ended the week with marginal gains despite high volatility and mixed global signals.
The BSE benchmark index rose 177.36 points, or 0.23 per cent, during the week.
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Market experts said investor sentiment remained cautious due to rupee weakness, uncertainty over inflation, interest rates and changing sector trends.
Top 10 Firms Lose ₹3.12 Lakh Crore In Market Value, Reliance Industries Suffers Biggest Decline Last WeekReliance Industries Leads The Gainers
Among the top-10 most valued companies, six firms registered gains in their market capitalisation (mcap).
Reliance Industries emerged as the biggest winner. Its valuation increased by Rs 24,696.89 crore, taking its total market value to Rs 18.33 lakh crore.
TCS And ICICI Bank Also Shine
Tata Consultancy Services added Rs 19,338.68 crore to its valuation, pushing its total mcap to Rs 8.38 lakh crore.
ICICI Bank also saw a strong rise of Rs 14,515.93 crore, taking its market value to Rs 9.06 lakh crore.
Top 4 Valued Firms Lose Over ₹1 Lakh Crore In Market Cap, SBI Leads Fall As Sensex Gains 414 Points Last WeekLIC, Bajaj Finance And L&T Gain
Life Insurance Corporation of India gained Rs 9,076.37 crore in valuation.
Meanwhile, Bajaj Finance and Larsen & Toubro also recorded moderate gains during the week.
Airtel Suffers Biggest Loss
On the losing side, Bharti Airtel witnessed the sharpest fall. Its market valuation dropped by Rs 20,229.67 crore.
Hindustan Unilever lost Rs 16,212.18 crore, while State Bank of India saw its valuation decline by Rs 12,784.4 crore.
HDFC Bank also recorded a slight fall in market value.
Reliance Retains Top Position
Reliance Industries continued to remain India’s most valued company, followed by HDFC Bank and Bharti Airtel.