How Did the Market Valuation of Six Top Firms Increase by Rs 1.18 Lakh Crore This Week?
Click to start listening
Synopsis
This week witnessed a remarkable surge in the combined market valuation of six of India’s most prestigious firms, increasing by <b>Rs 1.18 lakh crore</b>. The Sensex and Nifty also showed positive trends. What does this mean for investors? Let's dive into the details.
Key Takeaways
- The overall market valuation of six top firms increased by Rs 1.18 lakh crore.
- TCS recorded the highest market value increase.
- Four companies experienced declines in valuation.
- The Sensex and Nifty both showed positive trends this week.
- The previous week saw a significant market surge of Rs 3.84 lakh crore.
Mumbai, April 27 (NationPress) The overall market valuation of six of India’s leading ten most valued companies has seen a remarkable increase of Rs 1,18,626.24 crore this week.
Throughout the week, the Sensex appreciated by 659.33 points, equivalent to 0.83 percent, while the Nifty also recorded a gain of 187.7 points, or 0.78 percent.
In the list of the top 10 firms, six experienced growth in their market assessments, including HDFC Bank, TCS, State Bank of India, Infosys, and ITC.
Conversely, four companies — Bharti Airtel, ICICI Bank, Bajaj Finance, and Hindustan Unilever — saw their valuations decline.
TCS recorded the most significant rise in its market value, with an addition of Rs 53,692.42 crore, pushing its valuation to Rs 12,47,281.40 crore.
Infosys' market capitalization surged by Rs 24,919.58 crore to reach Rs 6,14,766.06 crore, while HDFC Bank’s valuation increased by Rs 2,907.85 crore, totaling Rs 14,61,842.17 crore.
The market cap of the State Bank of India rose by Rs 1,472.57 crore, achieving Rs 7,12,854.03 crore, and ITC’s valuation climbed by Rs 1,126.27 crore to hit Rs 5,35,792.04 crore.
On the flip side, Bharti Airtel faced a market value drop of Rs 41,967.5 crore, bringing it down to Rs 10,35,274.24 crore, and Hindustan Unilever saw its market cap decrease by Rs 10,114.99 crore, reaching Rs 5,47,830.70 crore.
Bajaj Finance's valuation fell by Rs 1,863.83 crore to Rs 5,66,197.30 crore, while ICICI Bank’s market cap declined by Rs 1,130.07 crore, totaling Rs 10,00,818.79 crore.
Despite these fluctuations, the most valuable companies in India are currently: HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, among others.
Additionally, the total market capitalization of the top 10 most valued firms surged by Rs 3.84 lakh crore in the previous week, propelled by a strong bullish trend in equity markets.
Notably, HDFC Bank and Bharti Airtel were the leading performers. Despite a two-day market closure, stocks rallied significantly, rising over 4 percent last week.
The Nifty gained 1,023 points, or 4.48 percent, closing at 23,851, while the Sensex increased by 3,395 points, or 4.52 percent, closing at 78,553 in the previous week.
Point of View
It is evident that while some companies are thriving, others face challenges. As the leading financial authority, NationPress remains committed to providing comprehensive and unbiased coverage of these dynamics.
NationPress
01/05/2025
Frequently Asked Questions
What caused the increase in market valuation?
The rise can be attributed to a bullish trend in equities, with significant gains in major indices.
Which companies saw the highest increase?
TCS recorded the highest increase, adding Rs 53,692.42 crore to its valuation.
Did all top companies benefit from the surge?
No, four companies including Bharti Airtel and Hindustan Unilever saw declines in their market valuations.
How did the market perform overall?
The combined market capitalization of the top ten firms surged by Rs 3.84 lakh crore last week.
What does this mean for investors?
The fluctuations suggest opportunities for investment, particularly in firms showing growth.
