The market capitalization of the top 8 valued companies increases by Rs 1.47 lakh crore, with LIC and Reliance seeing significant gains.

Last week, there was some major activity in the stock market as eight of the top-10 most valued firms saw a significant increase in their market valuation. This resulted in a combined addition of Rs 1,47,935.19 crore. Among these, Life Insurance Corporation of India and Reliance Industries were the biggest gainers, with their valuations rising by a whopping amount.

The BSE benchmark also experienced a growth of 1,341.47 points or 1.84 per cent during this period, indicating a positive trend in the market. Additionally, both the National Stock Exchange and BSE conducted a special trading session on May 18 to test their preparedness for handling major disruptions or failures at the primary site. This was a necessary step to ensure the smooth functioning of the market in the face of any unforeseen circumstances.

Moving on to specific companies, LIC saw a significant jump of Rs 40,163.73 crore, taking its market valuation to a whopping Rs 6,16,212.90 crore. Similarly, Reliance Industries also witnessed a rise in its valuation by Rs 36,467.26 crore, reaching a total of Rs 19,41,110.70 crore. Other notable gainers included Bharti Airtel, HDFC Bank, ICICI Bank, Infosys, ITC, and State Bank of India, with their market capitalisation increasing by considerable amounts.

However, not all companies saw a rise in their valuations. Tata Consultancy Services and Hindustan Unilever saw a decline of Rs 16,588.94 crore and Rs 6,978.29 crore, respectively. Despite this, Reliance Industries continued to maintain its position as the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, LIC, Infosys, Hindustan Unilever, and ITC.

Overall, last week was a positive one for the stock market, with several top companies experiencing a growth in their market valuation. This is a promising sign for the future and demonstrates the resilience and stability of the market.

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