The market capitalization of nine out of the top ten most valuable companies has increased by Rs 2.89 lakh crore, with Reliance being the biggest winner.

Last week in the bustling city of New Delhi, there was a significant surge in the market valuation of nine out of the top-10 most valued firms. Together, these companies added a whopping amount of Rs 2,89,699.42 crore, thanks to the bullish trend in the stock market. Leading the pack was Reliance Industries, which emerged as the biggest gainer during this period.

The BSE benchmark also witnessed a remarkable jump of 1,822.83 points or 2.36%, indicating a strong growth trajectory. In fact, the month of June proved to be the best one for the BSE Sensex as it recorded a notable gain of 7.14%. The index even surpassed the historic 79,000 mark on Thursday, showcasing the overall positive sentiment in the market.

Among the top gainers, apart from Reliance Industries, were Tata Consultancy Services, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, Hindustan Unilever, and ITC. However, Life Insurance Corporation of India was the only laggard during this period. The market capitalization of Reliance Industries recorded a significant jump of Rs 1,52,264.63 crore, taking its valuation to a staggering Rs 21,18,951.20 crore.

Tata Consultancy Services also witnessed a considerable increase in its market capitalization, adding Rs 34,733.64 crore and reaching a valuation of Rs 14,12,845.09 crore. Similarly, ICICI Bank saw a rise of Rs 30,286.99 crore, Bharti Airtel surged by Rs 18,267.7 crore, and Infosys by Rs 14,656.3 crore. HDFC Bank and State Bank of India also recorded significant gains, with their market valuations zooming up by Rs 13,808.74 crore and Rs 11,111.14 crore respectively.

The market capitalization of Hindustan Unilever went up by Rs 7,953.37 crore, while ITC saw an increase of Rs 6,616.91 crore. However, the only company to witness a decline in its valuation was LIC, which tumbled by Rs 22,042.61 crore during this period. Despite this, Reliance Industries continued to hold its position as the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever, and ITC, in that order. This positive trend in market valuation is a promising sign for the economy and its growth.

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