Top Indian Firms Gain ₹85,582 Crore in Market Valuation

June 17, 2024

The prices of some of the biggest companies on the Bombay Stock Exchange (BSE) changed a lot last week. The market showed a strong upward trend, which led to a rise in market value of ₹85,582.21 crore for five of the ten most valuable companies. The BSE Sensex went up by 299.41 points, or 0.39 percent, over the week, reaching an all-time high of 77,145.46 on June 13th. Positive changes in several heavyweight stocks helped this rise happen.

Top Gainers

The Life Insurance Corporation of India (LIC) observed the most substantial increase in market valuation, rising by ₹46,425.48 crore to reach a total of ₹6,74,877.25 crore.
HDFC Bank’s market capitalization grew by ₹18,639.61 crore, achieving a new valuation of ₹12,14,965.13 crore.
Reliance Industries saw an addition of ₹10,216.41 crore to its market value, elevating its worth to ₹19,98,957.88 crore.
The State Bank of India enhanced its market cap by ₹9,192.35 crore, while Bharti Airtel’s market capitalization increased by ₹1,108.36 crore.

Top Decliners

Tata Consultancy Services (TCS) experienced a significant drop in market valuation, decreasing by ₹22,052.24 crore.
Hindustan Unilever saw a notable decline in its market valuation, falling by ₹22,885.02 crore.
Both Infosys and ICICI Bank faced significant reductions in their market valuations, contributing to the overall downtrend among major firms.
The combined decrease in market valuation for these five companies—TCS, Hindustan Unilever, Infosys, and ICICI Bank—total ₹84,704.81 crore.

Market Capitalisation Rankings

Even though prices changed, Reliance Industries stayed the most valuable business. It was closely followed by TCS, HDFC Bank, and other companies in a list of the ten largest companies in the world by market value. This sudden change in the values of companies shows how active and always changing the Indian stock markets are, which are a reflection of larger economic trends and investor opinion.

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