Reliance Industries Leads Gains as Top Firms See Mixed Market Valuations

The combined market valuation of four of India’s top 10 most valued companies dipped by ₹96,605.66 crore last week, with HDFC Bank suffering the sharpest decline. On the other hand, six firms, led by Reliance Industries, added a cumulative ₹82,861.16 crore to their market capitalisation.

Companies That Faced a Decline:

1. HDFC Bank: The largest loss was reported by HDFC Bank, whose market valuation fell by ₹37,025.46 crore, settling at ₹13,37,919.84 crore.
2. ICICI Bank: The valuation dropped by ₹29,324.55 crore to ₹8,93,378.50 crore.
3. Tata Consultancy Services (TCS): The IT giant’s market cap shrank by ₹24,856.26 crore, standing at ₹14,83,144.53 crore.
4. State Bank of India (SBI): SBI’s valuation declined by ₹5,399.39 crore to ₹7,08,168.60 crore.

Gainers of the Week:

1. Reliance Industries: The company emerged as the biggest gainer, with its market valuation surging by ₹41,138.41 crore to reach ₹16,93,373.48 crore, maintaining its position as India’s most valued firm.
2. Hindustan Unilever (HUL): The FMCG major’s valuation soared by ₹15,331.08 crore, reaching ₹5,65,194.18 crore.
3. Life Insurance Corporation (LIC): LIC’s market cap jumped by ₹13,282.49 crore to ₹5,74,689.29 crore.
4. Infosys: The IT leader’s valuation increased by ₹9,031.19 crore, closing at ₹8,04,834.34 crore.
5. ITC: The market cap rose by ₹3,878.63 crore, touching ₹6,03,064.44 crore.
6. Bharti Airtel: The telecom giant added ₹199.36 crore to its valuation, now at ₹9,10,934.58 crore.

Weekly Market Performance:

The overall stock market saw a positive trend, with the BSE Sensex gaining 524.04 points (0.66%) and the Nifty climbing 191.35 points (0.80%) over the week.

Top 10 Most Valued Companies (by Market Cap):

1. Reliance Industries
2. Tata Consultancy Services (TCS)
3. HDFC Bank
4. Bharti Airtel
5. ICICI Bank
6. Infosys
7. State Bank of India (SBI)
8. ITC
9. Life Insurance Corporation (LIC)
10. Hindustan Unilever (HUL)

This mixed performance highlights sectoral shifts and investor sentiment amidst ongoing market dynamics, with Reliance Industries solidifying its position as the leader in India’s corporate landscape.