India’s Top-10 Firms Add ₹3 Lakh Crore in Market Capitalisation; ICICI Bank, Bharti Airtel Lead Gains

In a week marked by a strong bullish trend in the equity markets, nine of the top 10 most-valued firms in India witnessed a combined surge of ₹3,06,243.74 crore in their market valuations.

This surge came as the BSE benchmark index climbed 3,076.6 points (4.16%) and the NSE Nifty jumped 953.2 points (4.25%) during the week.

ICICI Bank and Bharti Airtel Lead the Charge

ICICI Bank emerged as the biggest gainer among the top-10 firms, with its market capitalisation (m-cap) soaring by ₹64,426.27 crore to reach ₹9,47,628.46 crore. Close behind was Bharti Airtel, whose valuation surged by ₹53,286.17 crore to ₹9,84,354.44 crore.

HDFC Bank and Reliance Industries Post Significant Gains

HDFC Bank also saw a substantial increase in its market valuation, adding ₹49,105.12 crore to take its m-cap to ₹13,54,275.11 crore.

Reliance Industries, the most-valued domestic firm, witnessed a jump of ₹39,311.54 crore, pushing its m-cap to ₹17,27,339.74 crore.

Strong Performances by Bajaj Finance, TCS, and SBI

Bajaj Finance’s market valuation rallied by ₹30,953.71 crore to ₹5,52,846.18 crore, while Tata Consultancy Services (TCS) saw its m-cap rise by ₹24,259.28 crore to ₹12,95,058.25 crore.

State Bank of India (SBI) also posted impressive gains, with its valuation climbing ₹22,534.67 crore to ₹6,72,023.89 crore.

Hindustan Unilever and Infosys Add to the Gains

Hindustan Unilever’s m-cap advanced by ₹16,823.08 crore to ₹5,28,058.89 crore, while Infosys added ₹5,543.9 crore, taking its valuation to ₹6,61,364.38 crore.

ITC Bucks the Trend with Decline in Valuation

In contrast to the overall bullish trend, ITC was the only firm among the top 10 to see a decline in its market valuation. The FMCG major’s m-cap dropped by ₹7,570.64 crore to ₹5,07,796.04 crore.

Top-10 Firms by Market Capitalisation

Reliance Industries retained its position as the most-valued domestic firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and ITC.

The strong performance of these firms reflects the overall optimism in the equity markets, driven by positive investor sentiment and robust economic indicators.

Conclusion

The significant surge in market valuations of India’s top firms highlights the resilience and growth potential of the country’s corporate sector.

With key players like ICICI Bank, Bharti Airtel, and Reliance Industries leading the charge, the equity markets continue to attract investor confidence, setting the stage for further growth in the coming weeks.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.