Top 10 firms add nearly Rs 93,000 crore in market value last week
Mumbai, July 12
The combined market valuation of four of India's 10 most-valued companies increased by Rs 92,995.48 crore during the last week, with HDFC Bank and Bharti Airtel emerging as the biggest gainers, even as the broader equity market ended lower.
During the week, the Sensex declined 194.52 points, or 0.25 per cent, while the Nifty slipped 63.95 points, or 0.26 per cent.
Among the country's 10 most-valued companies, Reliance Industries, HDFC Bank, Bharti Airtel, and Life Insurance Corporation of India (LIC) registered gains in their market capitalisation.
In contrast, ICICI Bank, State Bank of India (SBI), Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro (L&T), and Hindustan Unilever together witnessed an erosion of Rs 49,294.13 crore in their market valuation.
HDFC Bank recorded the largest increase in market capitalisation during the week, with its valuation rising by Rs 35,808.09 crore to Rs 12,69,454.42 crore.
Bharti Airtel followed closely, adding Rs 34,896.92 crore to take its market valuation to Rs 11,98,774.22 crore.
LIC's market capitalisation rose by Rs 16,065.5 crore to Rs 5,60,205.05 crore, while Reliance Industries added Rs 6,224.97 crore, taking its valuation to Rs 17,71,206.33 crore.
On the losing side, Hindustan Unilever registered the steepest decline, with its market capitalisation falling by Rs 12,088.65 crore to Rs 5,04,997.65 crore.
Larsen & Toubro's valuation declined by Rs 11,040.23 crore to Rs 5,42,938.40 crore, while TCS lost Rs 8,574.87 crore in market value, ending the week at Rs 7,48,600.40 crore.
Bajaj Finance saw its market capitalisation shrink by Rs 7,813.58 crore to Rs 6,35,327.78 crore. ICICI Bank's valuation slipped by Rs 6,315.32 crore to Rs 10,05,379.71 crore, while SBI's market value declined by Rs 3,461.48 crore to Rs 9,56,430.44 crore.
Despite the mixed performance, Reliance Industries retained its position as India's most-valued company by market capitalisation. It was followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, LIC, Larsen & Toubro and Hindustan Unilever.
— IANS
Reader Comments
Quite a rollercoaster week! HDFC Bank and Airtel adding ₹70,000 crore combined is huge, but it's interesting how TCS and Bajaj Finance are losing. Shows how even big names aren't immune to market turbulence. 📉💸
Reliance still at number one! That's some serious staying power. But I'm a bit worried about SBI and ICICI Bank losing value. They're such crucial institutions for the Indian economy. Hope this is just a short-term dip.
I'm not an expert, but isn't the market supposed to reflect the overall economy? When Sensex falls but top companies gain, it feels contradictory. Are individual investors like me supposed to be happy or worried? 🤔
Finally some good news amid all the noise! HDFC Bank has been delivering consistently, and seeing its m-cap jump by ₹35,000 crore is encouraging. LIC also doing well – that's reassuring for all the policyholders turning investors. Jai ho Indian markets! 🚀
Respectfully, I think the headline is a bit misleading. "Top 10 firms add nearly Rs 93,000 crore" – but only four out of ten actually gained. And Hindustan Unilever losing over Rs 12,000 crore is a big blow. The whole "mixed bag" story should be clearer.
N We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.