The total worth of the six most valuable companies increased by Rs 1.30 lakh crores, with SBI and ICICI Bank showing the highest gains.

Last week in the bustling city of New Delhi, there was a notable increase in the combined market valuation of some of the top firms. This was a significant rise of Rs 1,30,734.57 crore, with State Bank of India and ICICI Bank emerging as the top gainers. It was a positive trend overall for equities in the market, with the BSE benchmark advancing by 641.83 points or 0.87 per cent.

The State Bank of India saw a remarkable increase in its valuation, rising by Rs 45,158.54 crore to reach a total of Rs 7,15,218.40 crore. Meanwhile, ICICI Bank also experienced a boost in its market valuation, rising by Rs 28,726.33 crore to reach Rs 7,77,750.22 crore. Bharti Airtel also had a significant increase, adding Rs 20,747.99 crore to reach Rs 7,51,406.35 crore. Similarly, ITC saw a jump of Rs 18,914.35 crore, bringing its market valuation to Rs 5,49,265.32 crore.

The Life Insurance Corporation of India also saw a rise in its market capitalisation, with an increase of Rs 9,487.5 crore to reach Rs 6,24,941.40 crore. Infosys also experienced a boost, with its market valuation going up by Rs 7,699.86 crore to reach Rs 5,93,636.31 crore. However, there were a few firms that saw a decline in their market valuation. Reliance Industries, for example, saw a decrease of Rs 26,115.56 crore, bringing its market capitalisation to Rs 19,64,079.96 crore. Similarly, HDFC Bank's valuation dipped by Rs 16,371.34 crore to reach Rs 11,46,943.59 crore.

The market capitalisation of Tata Consultancy Services also saw a decline, going down by Rs 5,282.41 crore to reach Rs 13,79,522.50 crore. Hindustan Unilever Limited also saw a decrease of Rs 2,525.81 crore in its market valuation, bringing it down to Rs 5,21,961.70 crore. Despite these changes, Reliance Industries remained the most valued firm from the top-10 pack, followed by Tata Consultancy Services, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, LIC, Infosys, ITC and Hindustan Unilever.

Overall, it was a noteworthy week in the market, with some firms seeing a rise in their market valuation, while others experienced a decline. The positive trend in equities was a promising sign for investors and shareholders alike. Only time will tell how these changes will impact the market in the long run. This is PTI signing off from New Delhi.

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