Market Giants Surge with SBI and HDFC Leading the Charge
The top-10 most valued firms witnessed a collective valuation increase of Rs 60,675.94 crore last week. State Bank of India and HDFC Bank emerged as major gainers amid a positive trend in equities. Notably, Reliance Industries remains the most valuable, while LIC and Bajaj Finance faced significant declines.
- Country:
- India
Last week, five of the top-10 most valued firms in the market collectively increased their market valuations by Rs 60,675.94 crore. State Bank of India and HDFC Bank were the standout performers, riding on a positive trend in equities that saw the Sensex climb by 739.87 points and Nifty by 268 points.
Among the leading firms, Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India, and Infosys experienced an uptick in their valuations. Conversely, Tata Consultancy Services, ICICI Bank, Hindustan Unilever Ltd, Life Insurance Corporation of India, and Bajaj Finance suffered a drop in their market capitalizations.
Reliance Industries sustained its position as the most valued firm, followed by HDFC Bank. Despite this positive trend, the market valuations for LIC and Bajaj Finance faced considerable erosion last week, marking a contrast in gains among top firms.
(With inputs from agencies.)
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