Last week brought good news for investors on Dalal Street, as the market value of eight out of India’s top 10 most valuable companies shot up by a whopping Rs 1.69 lakh crore. This surge matched the upbeat mood in the stock market, with the BSE Sensex climbing 1,193.94 points or 1.47% during the week.
Bajaj Finance stole the show as the biggest gainer, boosting its market capitalization by Rs 40,788.38 crore to hit Rs 6.24 lakh crore. Close behind, Infosys added Rs 33,736.83 crore, pushing its value to Rs 6.33 lakh crore. TCS wasn’t far off, gaining Rs 30,970.83 crore and reaching Rs 11.33 lakh crore.
Other winners included State Bank of India, which saw its market cap rise by Rs 15,092.06 crore to Rs 7.59 lakh crore, and ICICI Bank, up by Rs 10,644.91 crore to Rs 10.12 lakh crore. HDFC Bank added a steady Rs 6,141.63 crore, taking it to Rs 14.84 lakh crore, while Bharti Airtel grew by Rs 4,390.62 crore to Rs 10.85 lakh crore.
Not everyone celebrated, though. Hindustan Unilever’s market value dropped by Rs 12,429.34 crore to Rs 6.06 lakh crore, and LIC slipped by Rs 1,454.75 crore to Rs 5.53 lakh crore.
At week’s end, HDFC Bank held the top spot as India’s most valued company, followed by TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and LIC.
Looking back, the previous week (ending September 7) also showed strength, with seven of the top 10 firms adding Rs 1,06,250.95 crore in market value. Bajaj Finance led the gains there too, as the BSE Sensex rose 901.11 points or 1.12%. Overall, the Indian stock market’s positive vibe continues to lift these blue-chip stocks and boost investor confidence.
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