Business

Market Cap Surge: Top 5 Indian Giants Including SBI and HDFC Bank Lead with Rs 60,676 Crore Gain

Market Cap Highlights

In a remarkable week for India's stock market, five out of the top 10 most valued companies saw their market capitalization soar by a staggering Rs 60,675.94 crore. Leading the charge were State Bank of India (SBI) and HDFC Bank, capitalizing on the bullish trend in equities.

Top 10 firms’ m-cap: 5 of top-10 companies add Rs 60,676 crore in value, SBI and HDFC Bank lead gains

Weekly Market Performance

The Sensex climbed 739.87 points or 0.92%, and the Nifty advanced 268 points or 1.10%, showcasing a positive momentum in the holiday-shortened week.

Gains and Losses

While Reliance Industries, HDFC Bank, Bharti Airtel, SBI, and Infosys enjoyed valuation gains, others like TCS, ICICI Bank, Hindustan Unilever, LIC, and Bajaj Finance faced declines. Notably, SBI led the gains with a Rs 20,445.82 crore increase in market cap.

Top Valuations

Reliance Industries retained its position as the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, and ICICI Bank, rounding out the top five.