Did 9 of the Top 10 Valued Firms Really Add Rs 1 Lakh Crore This Week?
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Synopsis
This week, the Indian stock market surged, with nine of the top ten companies adding a whopping Rs 1 lakh crore in market cap. Discover how major players like HDFC Bank and Bajaj Finance contributed to this growth and what it means for the market's future.
Key Takeaways
- Nine out of ten top firms gained Rs 1 lakh crore
- HDFC Bank led with Rs 26,668.23 crore
- Bajaj Finance added Rs 12,322.96 crore
- TCS was the only firm to decline
- Overall market sentiment remains positive
Mumbai, June 8 (NationPress) The Indian stock market experienced remarkable upward momentum this week, enabling nine of the nation’s top ten valued companies to collectively increase their market capitalisation by Rs 1,00,850.96 crore.
This surge coincided with the benchmark Sensex rising by 737.98 points, equivalent to 0.90 percent, indicating widespread optimism among investors.
Leading the pack, HDFC Bank saw a significant uptick in its market valuation, adding Rs 26,668.23 crore, bringing its total market capitalisation to Rs 15,15,853.85 crore.
Bajaj Finance also delivered impressive results, increasing its valuation by Rs 12,322.96 crore, resulting in a market cap of Rs 5,82,469.45 crore.
ICICI Bank added Rs 9,790.87 crore to its market valuation, which now stands at Rs 10,41,053.07 crore, while Hindustan Unilever increased by Rs 9,280.89 crore, elevating its mcap to Rs 5,61,282.11 crore.
Bharti Airtel experienced a valuation rise of Rs 7,127.63 crore, reaching Rs 10,65,894.55 crore.
Additionally, the Life Insurance Corporation of India (LIC) gained Rs 3,953.12 crore, bringing its valuation to Rs 6,07,073.28 crore.
Infosys saw a modest increase of Rs 519.27 crore, totaling Rs 6,49,739.73 crore in market capitalisation.
State Bank of India (SBI) also reported an uptick of Rs 401.61 crore, elevating its mcap to Rs 7,25,437.74 crore.
Among the top ten, Tata Consultancy Services (TCS) was the only firm to witness a decline, with a drop of Rs 28,510.53 crore, resulting in a market cap of Rs 12,24,975.89 crore.
Despite TCS's setback, the overall market sentiment remained positive, with investors confident across various sectors.
By the week’s end, the leading five companies ranked by market capitalisation were HDFC Bank, TCS, Bharti Airtel, ICICI Bank, and SBI.
Market analysts attribute this positive momentum to expectations of stable economic growth and enhanced investor sentiment ahead of significant economic data and global developments.
Point of View
I believe this week’s market surge showcases the resilience of the Indian economy and the confidence investors have in its growth potential. The collective gains of the top firms reflect an optimistic outlook amidst global economic cues, emphasizing the need for strategic investments.
NationPress
08/06/2025
Frequently Asked Questions
What was the total market cap added by the top firms?
The total market capitalisation added by nine of the top ten firms was Rs 1,00,850.96 crore.
Which company experienced the highest valuation increase?
HDFC Bank recorded the highest increase, adding Rs 26,668.23 crore to its market valuation.
Did Tata Consultancy Services see a rise in its market cap?
No, Tata Consultancy Services experienced a decline in its market cap by Rs 28,510.53 crore.
What factors contributed to the market rally?
The market rally was supported by expectations of steady economic growth and improved investor sentiment.
Which companies ranked at the top by market capitalisation?
The top five companies by market capitalisation were HDFC Bank, TCS, Bharti Airtel, ICICI Bank, and SBI.
