Market cap leaps Rs 70,312.7 crore: RIL, HDFC Bank, HUL lead charge

The past week witnessed fluctuations in the market, with three of the top 10 most valued companies experiencing a collective surge in market capitalisation by Rs 70,312.7 crore. Reliance Industries led the gains, accompanied by HDFC Bank and Hindustan Unilever. In contrast, the remaining companies, including TCS, ICICI Bank, Infosys, State Bank of India, ITC, Bharti Airtel, and LIC, collectively saw a decline of Rs 68,783.2 crore.

Market resilience shown

Despite the BSE benchmark facing a 0.52 per cent decline or 376.79 points, Reliance Industries notably gained Rs 47,021.59 crore, reaching a market valuation of Rs 17,35,194.85 crore. Hindustan Unilever added Rs 12,241.37 crore, totaling Rs 6,05,043.25 crore in market capitalisation, while HDFC Bank's market value rose by Rs 11,049.74 crore, reaching Rs 12,68,143.20 crore.

Capital contraction

On the contrary, ICICI Bank witnessed a significant decrease of Rs 30,235.29 crore, settling at Rs 6,97,095.53 crore in market capitalisation. TCS experienced a dip of Rs 12,715.21 crore, reaching Rs 13,99,696.92 crore, and State Bank of India faced a decline of Rs 10,486.42 crore, reaching Rs 5,68,185.42 crore. Infosys and ITC also saw decreases of Rs 7,159.5 crore and Rs 3,991.36 crore, reaching Rs 6,48,298.04 crore and Rs 5,67,645.03 crore, respectively.

Bharti Airtel's valuation dipped by Rs 2,108.17 crore to Rs 5,56,134.58 crore, and LIC witnessed a decline of Rs 2,087.25 crore, settling at Rs 5,01,635.57 crore.

In the top 10 companies hierarchy, Reliance Industries maintained its position as the most valued, followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, State Bank of India, ITC, Bharti Airtel, and Life Insurance Corporation of India.