New Delhi, 18 October (H.S.): Strong buying in the domestic stock market during the previous trading week boosted the combined market capitalisation of nine of India’s top 10 most valuable companies by more than Rs 3.65 lakh crore. Tata Consultancy Services (TCS) recorded the biggest gain, followed by Bharti Airtel and Infosys. Larsen & Toubro (L&T) was the only company among the top 10 to witness a decline, losing more than Rs 9,000 crore in market value.
During the week, Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, TCS, State Bank of India (SBI), Bajaj Finance, Life Insurance Corporation of India (LIC) and Infosys registered increases in their market capitalisation. Collectively, their market value rose by Rs 3,65,081.99 crore. In contrast, L&T was the sole company in the group to record a decline.
TCS posted the largest increase, with its market capitalisation rising by Rs 1,08,542.63 crore to Rs 8,91,134.96 crore. Bharti Airtel followed, adding Rs 61,406.53 crore to reach Rs 11,88,815.45 crore. Infosys recorded a gain of Rs 55,893.05 crore, taking its market capitalisation to Rs 4,71,409.41 crore.
Reliance Industries also registered a substantial increase, with its market capitalisation rising by Rs 53,047.56 crore to Rs 16,37,437.19 crore. HDFC Bank added Rs 32,379.05 crore to reach Rs 11,22,628.07 crore, while ICICI Bank’s market value increased by Rs 30,769.95 crore to Rs 10,02,871.44 crore.
Bajaj Finance recorded an increase of Rs 14,786.65 crore, taking its market capitalisation to Rs 6,11,326.72 crore. LIC added Rs 4,933.50 crore to reach Rs 5,02,204.82 crore, while SBI’s market capitalisation rose by Rs 3,323.07 crore to Rs 8,87,722.84 crore.
Moving in the opposite direction, L&T’s market capitalisation declined by Rs 9,232.26 crore to Rs 4,99,725.06 crore following the week’s trading.
In the overall ranking by market capitalisation, Reliance Industries retained its position as India’s most valuable company, with a market value of Rs 16,37,437.19 crore. Bharti Airtel ranked second at Rs 11,88,815.45 crore, followed by HDFC Bank at Rs 11,22,628.07 crore and ICICI Bank at Rs 10,02,871.44 crore. TCS occupied the fifth position with a market capitalisation of Rs 8,91,134.96 crore.
SBI ranked sixth at Rs 8,87,722.84 crore, followed by Bajaj Finance in seventh place at Rs 6,11,326.72 crore. LIC stood eighth with a market value of Rs 5,02,204.82 crore, while L&T ranked ninth at Rs 4,99,725.06 crore. Infosys completed the top 10, with a market capitalisation of Rs 4,71,409.41 crore.
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Hindusthan Samachar / Jun Sarkar
