February 9th 2025.
Last week, the stock market saw a significant rise in the combined value of six top-ranked companies, with HDFC Bank and Bharti Airtel leading the pack. This was in line with the overall positive trend in the equities market. The BSE benchmark index rose by 354.23 points, or 0.45%, while the Nifty climbed 77.8 points, or 0.33%.
Among the top 10 most valued firms, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, and Bajaj Finance witnessed a rise in their market valuation. On the other hand, Tata Consultancy Services, State Bank of India, Hindustan Unilever, and ITC saw a decline in their market valuation, resulting in a combined loss of Rs. 1.15 lakh crore.
HDFC Bank's market valuation saw a significant jump of Rs. 32,639.98 crore, taking it to Rs. 13,25,090.58 crore. Similarly, Bharti Airtel's market valuation increased by Rs. 31,003.44 crore, reaching Rs. 9,56,205.34 crore. Bajaj Finance also saw a surge in its market capitalisation by Rs. 29,032.08 crore, reaching Rs. 5,24,312.82 crore, while Infosys witnessed a rise of Rs. 21,114.32 crore, taking its market valuation to Rs. 7,90,074.08 crore.
Reliance Industries and ICICI Bank also saw a moderate increase in their market valuation, with a rise of Rs. 2,977.12 crore and Rs. 1,384.81 crore, respectively. On the other hand, ITC's valuation saw a significant decline from Rs. 39,474.45 crore to Rs. 5,39,129.60 crore, while Hindustan Unilever's market cap tumbled by Rs. 33,704.89 crore to Rs. 5,55,361.14 crore.
State Bank of India and TCS also saw a decline in their market valuation, with a loss of Rs. 25,926.02 crore and Rs. 16,064.31 crore, respectively. As of now, Reliance Industries remains the most valued domestic firm, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC, and Bajaj Finance, in that order.
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