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Last week, India‘s equity markets experienced an overall bullish trend, with the BSE Sensex increasing by 841.45 points or 1.42 per cent. Among the top 10 most valuable companies, eight saw gains in their market valuation. The biggest winners were the HDFC twins, with HDFC Bank‘s value increasing by Rs 31,553.45 crore to Rs 9,29,752.54 crore and HDFC’s market value jumping from Rs 18,877.55 to Rs 5,00,878.67. Let’s take a closer look at the market capitalisation of each of these companies.
Reliance Industries continues to be the most valued firm, with its market capitalisation rallying Rs 6,731.76 crore to Rs 15,83,824.42 crore.
Tata Consultancy Services
Tata Consultancy Services (TCS) saw its market capitalisation climb by Rs 5,817.89 crore to Rs 11,78,836.58 crore.
As mentioned earlier, HDFC Bank’s value increased by Rs 31,553.45 crore to Rs 9,29,752.54 crore.
Hindustan Unilever added Rs 1,139.56 crore to take its market valuation to Rs 6,02,341.22 crore.
The market value of HDFC jumped from Rs 18,877.55 to Rs 5,00,878.67.
ITC‘s market capitalisation went up by Rs 4,722.65 crore to Rs 4,81,274.99 crore.
State Bank of India
The market capitalisation of State Bank of India gained Rs 3,792.96 crore to Rs 4,71,174.89 crore.
Bharti Airtel increased its value by Rs 9,533.48 crore, bringing it to Rs 4,27,111.07 crore.
The market capitalisation of Infosys declined by Rs 2,323.2 crore to Rs 5,89,966.72 crore.
The market capitalisation of ICICI Bank fell by Rs 1,780.62 crore to Rs 6,10,751.98 crore.
It is interesting to note that despite the bullish trend, Infosys and ICICI Bank saw a decline in their market capitalisation.