During the previous week, there were notable fluctuations observed in the market among the top-10 companies with the highest value. As a result, the overall market valuation experienced a substantial rise of ₹2.18 lakh crore. It is worth mentioning that Life Insurance Corporation (LIC) and State Bank of India (SBI) emerged as the leading beneficiaries during this particular timeframe.
Life Insurance Corporation (LIC)
Reliance Industries, Tata Consultancy Services (TCS), LIC, and SBI, which are part of the top-10 entities, witnessed positive growth, contributing a total of ₹2,18,598.29 crore to their market capitalization. On the other hand, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, Hindustan Unilever, and ITC collectively experienced a decline in their valuation, resulting in a decrease of ₹1,06,631.39 crore.
During the same week, the BSE benchmark experienced a decrease of 490.14 points or 0.67 percent. On the other hand, LIC observed a significant increase in market valuation, surging by ₹86,146.47 crore to reach ₹6,83,637.38 crore. Additionally, SBI contributed ₹65,908.26 crore, resulting in a valuation of ₹6,46,365.02 crore.
State Bank of India(SBI)
TCS witnessed a significant surge of ₹61,435.47 crore, resulting in its market capitalization reaching ₹15,12,743.31 crore. Furthermore, Reliance experienced growth as well, with an increase of ₹5,108.09 crore, bringing its market valuation to ₹19,77,136.54 crore.
However, there were certain companies that experienced a decrease in their market capitalization. HDFC Bank’s valuation dropped by ₹32,963.94 crore to ₹10,65,808.71 crore, whereas ITC witnessed a decline of ₹30,698.62 crore, reaching ₹5,18,632.02 crore.
Bharti Airtel’s market capitalization also fell by ₹16,132.15 crore to ₹6,31,044.50 crore, and Infosys saw a decrease of ₹10,044.09 crore, settling at ₹6,92,980.35 crore.
Additionally, the valuation of ICICI Bank decreased by ₹9,779.06 crore to ₹7,09,254.77 crore, while Hindustan Unilever witnessed a dip of ₹7,013.53 crore, reaching ₹5,69,587.91 crore.
Reliance Industries continues to hold the leading position in the ranking of the top-10 most valued firms. Following closely behind are TCS, HDFC Bank, ICICI Bank, Infosys, LIC, SBI, Bharti Airtel, Hindustan Unilever, and ITC, in that order.