Stock Market Highlights: Reliance Industries Leads Gains as Top Companies Witness Mixed Valuations

The combined market capitalization of four of India’s top 10 most valuable companies fell by ₹96,605.66 crore last week, with HDFC Bank taking the hardest hit. Meanwhile, six other top firms, including Reliance Industries and Hindustan Unilever, saw significant gains, collectively adding ₹82,861.16 crore to their valuations.

Major Declines

HDFC Bank’s market capitalization dropped by ₹37,025.46 crore, settling at ₹13,37,919.84 crore. ICICI Bank followed closely, losing ₹29,324.55 crore to stand at ₹8,93,378.50 crore. Tata Consultancy Services (TCS) saw its valuation shrink by ₹24,856.26 crore, bringing it to ₹14,83,144.53 crore. State Bank of India also reported a decline of ₹5,399.39 crore, reducing its market capitalization to ₹7,08,168.60 crore.

Notable Gainers

On the other hand, Reliance Industries emerged as the biggest gainer, with its valuation surging by ₹41,138.41 crore to ₹16,93,373.48 crore, cementing its position as India’s most valuable company. Hindustan Unilever added ₹15,331.08 crore, pushing its valuation to ₹5,65,194.18 crore, while Life Insurance Corporation of India (LIC) increased its market capitalization by ₹13,282.49 crore to reach ₹5,74,689.29 crore.

Infosys recorded a gain of ₹9,031.19 crore, bringing its valuation to ₹8,04,834.34 crore. ITC and Bharti Airtel also posted modest increases, with ITC’s valuation rising by ₹3,878.63 crore to ₹6,03,064.44 crore and Bharti Airtel adding ₹199.36 crore to reach ₹9,10,934.58 crore.

Broader Market Performance

The overall market trend was positive, with the BSE benchmark index gaining 524.04 points (0.66%) and the Nifty climbing 191.35 points (0.80%) during the same period. Reliance Industries retained its top spot as India’s most valuable company, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, ITC, LIC, and Hindustan Unilever.

The mixed performance highlights the dynamic nature of India’s stock market, with financial and IT heavyweights witnessing contrasting trends amid broader market gains.

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