Indian Stock Market Sees Surge in Top Firms' Valuation
Nine of the top-10 most-valued firms in India added Rs 1
Indian Stock MarketMarket CapitalizationReliance IndustriesHdfc BankTop 10 Most Valued FirmsReal EstateMay 27, 2024
The BSE benchmark Sensex zoomed 1,404.45 points, or 1.89 per cent, to hit its all-time intra-day high of 75,636.50 on May 24. Among the top-10 firms, only ITC saw a decline in its market valuation.
Reliance Industries' market valuation jumped Rs 61,398.65 crore to reach Rs 20,02,509.35 crore, while HDFC Bank added Rs 38,966.07 crore to take its valuation to Rs 11,53,129.36 crore. Life Insurance Corporation of India (LIC) saw its market valuation rally by Rs 35,135.36 crore to Rs 6,51,348.26 crore.
Bharti Airtel's market capitalization (mcap) zoomed Rs 22,921.42 crore to Rs 7,87,838.71 crore, and Hindustan Unilever's mcap climbed Rs 9,985.76 crore to Rs 5,56,829.63 crore. Infosys' mcap went up Rs 8,821.99 crore to Rs 6,08,198.38 crore, and State Bank of India's (SBI) mcap soared Rs 6,916.57 crore to Rs 7,39,493.34 crore.
ICICI Bank added Rs 903.31 crore to take its valuation to Rs 7,95,307.82 crore, and Tata Consultancy Services' (TCS) mcap climbed Rs 271.36 crore to Rs 13,93,235.05 crore. However, ITC's market valuation declined Rs 436.97 crore to Rs 5,44,458.70 crore.
The Indian stock market has been on a bullish run in recent times, driven by positive economic indicators and strong corporate earnings. The top-10 most-valued firms in India include Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Life Insurance Corporation of India, Infosys, Hindustan Unilever, and ITC.
HDFC Bank is a leading Indian private sector bank that offers a wide range of banking services to its customers. Reliance Industries is a multinational conglomerate with interests in energy, petrochemicals, textiles, and retail, among others. Life Insurance Corporation of India (LIC) is a state-owned insurance company that offers a range of life insurance products to its customers.
Frequently Asked Questions
What was the total market capitalization added by the top-10 firms last week? A: Rs 1 85 320 49 crore Q: Which two firms led the charge in terms of market capitalization gains? A: Reliance Industries and HDFC Bank Q: What was the percentage gain in the BSE benchmark Sensex last week? A: 1 89 per cent Q: Which firm saw a decline in its market valuation last week? A: ITC Q: What is the total market capitalization of Reliance Industries after the recent surge? A: Rs 20 02 509 35 crore
Answer not available
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