Top 9 companies increased market value by Rs. 95,522 crore, with Reliance and TCS leading the way.

Market values of top 10 firms rose by Rs 95,522.81 crore last week, led by Reliance, TCS, and HUL. Sensex closed higher for the fourth consecutive session at 81,086.21 on Friday.

August 25th 2024.

Top 9 companies increased market value by Rs. 95,522 crore, with Reliance and TCS leading the way.
Last week, the stock market saw a significant rise in the combined market value of the top 10 companies, with a total increase of Rs 95,522.81 crore. Leading the pack were Reliance Industries, TCS and HUL, who emerged as the top gainers. This positive trend continued for the fourth consecutive session, with the BSE Sensex ending 33.02 points higher on Friday, closing at 81,086.21.

In fact, the BSE benchmark had a strong performance throughout the week, gaining a total of 649.37 points or 0.80 per cent. This resulted in a surge in the market capitalisation of Reliance Industries, which saw an increase of Rs 29,634.27 crore, bringing its total worth to Rs 20,29,710.68 crore. TCS also saw a significant jump in its valuation, with an increase of Rs 17,167.83 crore, reaching a total of Rs 16,15,114.27 crore. Similarly, Hindustan Unilever's market capitalisation went up by Rs 15,225.36 crore, reaching Rs 6,61,151.49 crore.

Other companies that saw a notable increase in their market value were Bharti Airtel, whose Mcap rallied by Rs 12,268.39 crore, and ICICI Bank, which added Rs 11,524.92 crore to its valuation. ITC also saw a rise in its market capitalisation, increasing by Rs 3,965.14 crore to reach Rs 6,32,364.24 crore. State Bank of India and Life Insurance Corporation of India also saw an increase in their Mcap, with Rs 2,498.89 crore and Rs 1,992.37 crore respectively. Infosys also saw a modest rise of Rs 1,245.64 crore, bringing its total worth to Rs 7,73,269.13 crore.

However, HDFC Bank was the only company in the top 10 to experience a decrease in its market capitalisation, with a plunge of Rs 4,835.34 crore, bringing its total worth to Rs 12,38,606.19 crore. Despite this, Reliance Industries remained the most valued firm, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, LIC, Hindustan Unilever, and ITC. All in all, it was a week of positive growth for the stock market, with these top companies leading the way.

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