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Home News Reliance Industries Leads as Nine of India’s Top Firms Witness Market Value Surges

Reliance Industries Leads as Nine of India’s Top Firms Witness Market Value Surges

by sun

In a week marked by a positive trend in equities and a 0.91% increase in the BSE benchmark, nine out of India’s top-10 most-valued firms experienced a significant surge in their combined market valuations. The combined market capitalization of these companies surged by ₹97,463.46 crore (INR100 crore ≈ USD12 million) during the past week.

Reliance Industries, the titan of the Indian corporate landscape, led the pack with a remarkable market valuation reaching ₹15,68,995.24 crore, maintaining its unshakable position as the most valued firm. Following closely behind, HDFC Bank and ICICI Bank also exhibited impressive growth with their market capitalizations soaring to ₹11,25,842.89 crore and ₹6,54,042.46 crore, respectively.

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Tata Consultancy Services (TCS) modestly advanced, securing a market valuation of ₹12,26,093.23 crore. State Bank of India’s valuation also experienced a substantial boost, reaching ₹5,15,976.44 crore, while Bharti Airtel and Hindustan Unilever Limited (ULVR) rallied to ₹5,23,087.22 crore and ₹5,89,418.46 crore, respectively.

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Infosys and ITC also joined the upward trend among the top-10 firms, witnessing their valuations rise to ₹5,76,529.86 crore and ₹5,40,699.70 crore, respectively. In contrast to this buoyant atmosphere, Bajaj Finance faced a setback as it witnessed a decrease in its market capitalization, which declined to ₹4,49,604.04 crore.

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