The top firms in the market have seen a significant shift in their market capitalization recently, with some experiencing gains while others faced losses. Last week, six of the top 10 most valued firms witnessed a surge in their combined market valuation, totaling an impressive ₹1,18,151.75 crore. Among these, HDFC Bank and Bharti Airtel emerged as the biggest gainers, reflecting the overall positive trend in the equity market.
Market Overview:
The BSE benchmark rose by 354.23 points, or 0.45 percent, and the Nifty increased by 77.8 points, or 0.33 percent during the last week. This upward movement in the market had a direct impact on the valuation of various top firms.
Gainers and Losers:
Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, and Bajaj Finance experienced gains in their market capitalization. On the other hand, Tata Consultancy Services (TCS), State Bank of India, Hindustan Unilever, and ITC saw a decline in their valuation, collectively losing ₹1.15 lakh crore.
Detailed Analysis:
The market valuation of HDFC Bank saw a significant jump of ₹32,639.98 crore, reaching ₹13,25,090.58 crore. Bharti Airtel also added ₹31,003.44 crore to its valuation, bringing it to ₹9,56,205.34 crore. Additionally, Bajaj Finance’s market capitalization surged by ₹29,032.08 crore, totaling ₹5,24,312.82 crore, while Infosys witnessed an increase of ₹21,114.32 crore, reaching ₹7,90,074.08 crore.
Conversely, the valuation of ITC experienced a notable decline of ₹39,474.45 crore, falling to ₹5,39,129.60 crore. Hindustan Unilever also saw a decrease of ₹33,704.89 crore in its market capitalization, reaching ₹5,55,361.14 crore. State Bank of India’s valuation declined by ₹25,926.02 crore to ₹6,57,789.12 crore, and TCS witnessed a dip of ₹16,064.31 crore, falling to ₹14,57,854.09 crore.
Market Leaders:
Reliance Industries continues to hold the top position as the most-valued domestic firm, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC, and Bajaj Finance.
In conclusion, the recent fluctuations in market capitalization among the top firms highlight the dynamic nature of the equity market. As some companies see significant gains, others face losses, reflecting the ever-changing landscape of the financial sector.
