Market recap: Mcap of 7 most valued firms surges by Rs 1.55 lakh cr; Reliance, TCS lead gains

Dalal Street made notable gains last week, as the combined market capitalisation of seven of the country’s ten most valued companies surged by Rs 1,55,710.74 crore in a holiday-shortened trading week.The BSE Sensex advanced 259.69 points, or 0.30%, last week, with the benchmark hitting a 52-week high of 85,290.06 on Thursday.Reliance Industries and Tata Consultancy Services (TCS) emerged as the standout performers, reflecting a broadly positive sentiment in domestic equities.Among the top 10 firms, Reliance Industries, Bharti Airtel, TCS, State Bank of India, Bajaj Finance, Infosys, and Life Insurance Corporation of India (LIC) recorded gains, while HDFC Bank, ICICI Bank, and Hindustan Unilever experienced declines. Reliance Industries added Rs 46,687.03 crore to its market valuation, taking it to Rs 19,64,170.74 crore, retaining its position as the most valuable domestic company. TCS followed, with its mcap rising by Rs 36,126.6 crore to Rs 11,08,021.21 crore. Infosys’s market cap grew by Rs 34,938.51 crore, reaching Rs 6,33,712.38 crore, while State Bank of India gained Rs 13,892.07 crore to close at Rs 8,34,817.05 crore.

Bajaj Finance and Bharti Airtel also recorded increases, adding Rs 11,947.17 crore and Rs 9,779.11 crore to reach Rs 6,77,846.36 crore and Rs 11,57,014.19 crore respectively. LIC’s valuation edged up by Rs 2,340.25 crore to Rs 5,62,513.67 crore. On the other hand, ICICI Bank’s market cap fell by Rs 43,744.59 crore to Rs 9,82,746.76 crore. Hindustan Unilever saw its valuation drop by Rs 20,523.68 crore to Rs 5,91,486.10 crore, while HDFC Bank declined by Rs 11,983.68 crore to Rs 15,28,227.10 crore.Reliance Industries at the top in the ranking of India’s most valuable companies. This was followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever, and LIC.