Synopsis
In a holiday-shortened week, five of India's top ten companies collectively gained Rs 84,559.01 crore in market value. Hindustan Unilever led the pack with a surge of Rs 28,700.26 crore, despite broader market declines.Key Takeaways
- Hindustan Unilever gained the most, adding Rs 28,700.26 crore.
- Market faced overall declines, with the Sensex dropping by 207.43 points.
- ITC and Bajaj Finance also saw significant increases in market value.
- TCS and Infosys experienced notable declines.
- The overall market showed resilience in the financial year 2024-25.
Mumbai, April 13 (NationPress) During a trading week shortened by holidays, the total market valuation of five of India's top ten companies surged by Rs 84,559.01 crore.
Hindustan Unilever emerged as the standout performer, witnessing its market valuation jump by Rs 28,700.26 crore.
Despite this, the broader market struggled, facing declines amid global uncertainties. The Sensex fell by 207.43 points, or 0.27 percent, while the Nifty decreased by 75.9 points, or 0.33 percent.
The Indian stock markets were closed on Thursday in observance of Mahavir Jayanti, further shortening the trading duration.
Among the leading gainers, Hindustan Unilever's market valuation reached Rs 5,56,054.27 crore.
ITC saw its market value rise by Rs 15,329.79 crore, totaling Rs 5,27,845.57 crore, while Bajaj Finance increased by Rs 12,760.23 crore, now valued at Rs 5,53,348.28 crore.
Bharti Airtel's valuation climbed by Rs 8,011.46 crore, reaching Rs 10,02,030.97 crore.
Conversely, some leading companies experienced declines in their market valuations.
Tata Consultancy Services (TCS) saw a decrease of Rs 24,295.46 crore, lowering its valuation to Rs 11,69,474.43 crore.
Infosys faced a decline as well, with a decrease of Rs 17,319.11 crore, bringing its market cap to Rs 5,85,859.34 crore.
The State Bank of India's valuation fell by Rs 12,271.36 crore, while ICICI Bank saw a drop of Rs 8,913.09 crore. HDFC Bank also recorded a decline of Rs 7,958.31 crore.
In contrast, the combined market value of eight out of the top ten most-valued Indian companies increased by Rs 88,085.89 crore in the week ending March 30, driven by robust performance in the domestic stock market.
During that same week, the Sensex climbed by 509.41 points, or 0.66 percent, contributing to an overall boost in market capitalisation for major firms.
Throughout the entire financial year 2024-25, both the Sensex and Nifty have shown gains, with the Sensex rising by 5.11 percent and the Nifty climbing 5.34 percent.
