NSE trends lead to a ₹3 lakh crore surge in the valuation of India’s seven most valuable companies: Big gains for Reliance and HDFC Bank
The most valuable corporations in India had a significant increase in their market capitalization after a stellar week for the Nifty and Sensex stock markets. In fact, the market capitalization of seven of the ten most valuable Indian companies increased by more than ₹3 lakh crore.
Seven of the top ten Indian companies, including HDFC, LIC, and Reliance Industries, experienced a combined increase in market value of ₹3,04,477.25 crore last week, indicating a significant improvement in the stock market trends.
LIC and HDFC Bank emerged as the top gainers out of the top seven. The value of HDFC Bank surged by nearly ₹74,076 crore in the last week, reaching ₹12,54,664.74 crore. LIC’s market capitalization increased by ₹65,558 crore, reaching a total of ₹4,89,428.32 crore.
The recent high trends in the stock market have greatly benefited LIC, whose market capitalization has crossed the ₹5 lakh crore threshold. On Thursday, the company’s shares reached a 52-week high.
India’s top ten most valuable corporations
Reliance Industries Ltd, controlled by Mukesh Ambani, is now the most valuable firm in India. TCS, HDFC Bank, and ICICI Bank are the next most valuable companies. Nonetheless, HDFC maintained its top spot in the standings for the increase in market capitalization over the previous week. These are India’s most valuable firms. –
Reliance Industries Ltd.
TCS
Bank HDFC
ICICI Bank
Information Systems
Hindustan Unilever Ltd.
Airtel Bharti
ETC
Indian State Bank
India’s Life Insurance Corporation (LIC)
Due to stock market trends, all ten of the top firms witnessed an increase in market capitalization; nevertheless, the valuations of Hindustan Unilever, Bharti Airtel, and ITC decreased.
