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Market rally adds Rs 3.35 Lakh crore to 9 of 10 top valued firms; Reliance leads, Airtel lags

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NEW DELHI: Among the top 10 valued companies, nine witnessed a combined increase of Rs 3.35 lakh crore in market valuation during the previous week, aligning with positive market sentiment. Reliance Industries led the advancement, whilst Bharti Airtel was the sole decliner. The benchmark BSE Sensex surged 2,876.12 points, or 3.61 per cent, over the week. Reliance Industries’ market value rose by Rs 1,06,703.54 crore to Rs 19,71,139.96 crore, marking the largest gain among the top firms. ICICI Bank followed with an increase of Rs 46,306.99 crore, taking its valuation to Rs 10,36,322.32 crore, as reported by news agency PTI. Tata Consultancy Services (TCS) added Rs 43,688.4 crore, with its market cap reaching Rs 12,89,106.49 crore. Infosys saw an increase of Rs 34,281.79 crore to Rs 6,60,365.49 crore, while HDFC Bank’s valuation rose by Rs 34,029.11 crore to Rs 14,80,323.54 crore. Bajaj Finance’s market capitalisation climbed by Rs 32,730.72 crore to Rs 5,69,658.67 crore. ITC gained Rs 15,142.09 crore, reaching Rs 5,45,115.06 crore. State Bank of India added Rs 11,111.15 crore to reach Rs 7,06,696.04 crore, and Hindustan Unilever’s value increased by Rs 11,054.83 crore to Rs 5,59,437.68 crore. In contrast, Bharti Airtel was the only company among the top 10 to record a decline, with its market cap falling by Rs 19,330.14 crore to Rs 10,34,561.48 crore. In terms of market capitalisation rankings, Reliance Industries remained the most valuable company, followed by HDFC Bank, TCS, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and ITC.

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