Market capitalization of three of top-10 most valued firms rises by ₹1.06 lakh crore; HDFC Bank and ICICI Bank lead

HDFC Bank's market capitalization surged by 52,091.56 crore to reach 12,67,056.69 crore.

Livemint
First Published23 Jun 2024, 12:27 PM IST
Mcap of three of top-10 most valued firms surged by  <span class='webrupee'>₹</span>1.06 lakh crore.
Mcap of three of top-10 most valued firms surged by ₹1.06 lakh crore.(iStock)

Last week, during the holiday-shortened period, the combined market capitalization of three of the top-10 most valued firms surged by 1,06,125.98 crore. HDFC Bank and ICICI Bank emerged as the largest gainers.

The BSE benchmark Sensex rose by 217.13 points or 0.28 per cent over the week.

Among the top-10 firms, HDFC Bank, ICICI Bank, and Infosys saw gains, while Reliance Industries, Tata Consultancy Services (TCS), Bharti Airtel, State Bank of India (SBI), Life Insurance Corporation of India (LIC), Hindustan Unilever, and ITC collectively saw a decline in market capitalization amounting to 1,01,769.1 crore.

Also Read | Macro data, F&O expiry, global cues to drive market; Nifty eyes 24,000 this week

HDFC Bank's market capitalization surged by 52,091.56 crore to reach 12,67,056.69 crore.

ICICI Bank added 36,118.99 crore, bringing its valuation to 8,13,914.89 crore.

Infosys witnessed an increase of 17,915.43 crore, with its market capitalization rising to 6,35,945.80 crore.

On the other hand, Reliance Industries' market valuation fell by 32,271.31 crore to 19,66,686.57 crore.

LIC saw a decrease of 27,260.74 crore in its market capitalization, which stood at 6,47,616.51 crore.

ITC's valuation declined by 14,357.43 crore to 5,23,858.91 crore, and Hindustan Unilever's market capitalization dropped by 8,904.95 crore to 5,73,617.46 crore.

TCS's market capitalization decreased by 8,321.6 crore to 13,78,111.45 crore, and Bharti Airtel's valuation diminished by 7,261.72 crore to 8,04,262.65 crore.

Also Read | FPIs snap 2-month selling streak, invest ₹12,170 crore in Indian equities

State Bank of India's market capitalization saw a decline of 3,391.35 crore, standing at 7,46,454.54 crore.

In terms of ranking, Reliance Industries maintained its top position, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, LIC, Infosys, Hindustan Unilever, and ITC.

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News in Numbers

Numbers that help you understand news better
$5 M

394,000

$112 B

12.1%

₹133.50 Cr

₹12,300 Cr

$136 M

First Published:23 Jun 2024, 12:27 PM IST
HomeMarketsStock MarketsMarket capitalization of three of top-10 most valued firms rises by ₹1.06 lakh crore; HDFC Bank and ICICI Bank lead

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