Market Capitalisation: The combined market capitalisation of nine of the ten most valued companies listed on the BSE witnessed a combined increase of Rs 2.34 lakh crore in equities this week, as strong momentum in the stock market pushed their valuations higher. Bharti Airtel was among the top gainers. Its market capitalisation rose by Rs 51,860.65 crore to Rs 11.56 lakh crore.

The eight companies that witnessed an increase in their valuation include HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, LIC, Bajaj Finance, and Hindustan Unilever.

It should be noted that Infosys was the only company among the top 10 to witness a fall in value. 

Meanwhile, the combined market capitalisation of six of India’s ten most valuable companies rose by Rs 1.62 lakh crore last week, driven by strong investor confidence in the stock markets.

Last week, the BSE benchmark index posted a gain of 1,650.73 points, or 2 per cent.

The market valuation of HDFC Bank increased by Rs 37,342.73 crore to Rs 15.44 lakh crore. Bajaj Finance’s valuation rose by Rs 26,037.88 crore, taking its total value to Rs 5.88 lakh crore.

ICICI Bank’s value grew by Rs 24,649.73 crore, reaching Rs 10.43 lakh crore. LIC also made gains of Rs 13,250.87 crore, with its valuation climbing to Rs 6.05 lakh crore.

State Bank of India (SBI) added Rs 8,389.15 crore to stand at Rs 7.18 lakh crore. TCS saw a modest increase of Rs 3,183.91 crore, pushing its valuation to Rs 12.45 lakh crore.

Hindustan Unilever registered a small gain of Rs 293.7 crore, now valued at Rs 5.41 lakh crore.

The market capitalisation of Infosys  dropped by Rs 5,494.8 crore, bringing it down to Rs 6.68 lakh crore.

The top nine companies in the ranking based on market capitalisation are HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance and Hindustan Unilever.

(With IANS inputs)