Market Capitalisation of Top 10 Companies Surges by ₹1.83 Lakh Crore

The combined market capitalisation of seven of the top 10 most valued companies surged by ₹1.83 lakh crore last week, with Hindustan Unilever emerging as the biggest gainer.

During the week, the BSE benchmark rose by 1,315.5 points, or 1.72%, while the Nifty gained 389.95 points, or 1.68%. Equity markets remained open on Saturday for the presentation of the Union Budget.

Hindustan Unilever Leads the Gainers

Among the gainers, Hindustan Unilever saw its market cap increase by ₹32,471.36 crore, reaching ₹5,89,066.03 crore. ICICI Bank followed with a rise of ₹32,302.56 crore, bringing its valuation to ₹8,86,247.75 crore. HDFC Bank added ₹30,822.71 crore to its valuation, which stood at ₹12,92,450.60 crore, and ITC’s market cap soared by ₹26,212.04 crore to ₹5,78,604.05 crore.

Other gainers included Reliance Industries, whose valuation grew by ₹25,373.2 crore to ₹17,11,371.54 crore, and State Bank of India, which gained ₹19,411.05 crore, bringing its market cap to ₹6,83,715.14 crore. Life Insurance Corporation of India’s valuation rose by ₹16,729.62 crore, reaching ₹5,36,201.68 crore.

TCS, Bharti Airtel, and Infosys See Declines

However, Tata Consultancy Services (TCS), Bharti Airtel, and Infosys saw declines in their market caps. TCS experienced a drop of ₹28,058.27 crore, bringing its valuation down to ₹14,73,918.40 crore, while Bharti Airtel’s market cap decreased by ₹11,211.96 crore to ₹9,25,201.90 crore. Infosys’ valuation fell by ₹9,653 crore to ₹7,68,959.76 crore.

Reliance Industries Retains Top Spot

Reliance Industries remained the most valued firm, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC, and LIC.

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