Which companies saw their market valuation increase last week?

Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Life Insurance Corporation of India, and Hindustan Unilever were among the companies whose market valuations increased.

What was the total increase in market valuation for the top firms?

The combined market valuation of eight of the top 10 valued firms increased by Rs 4.55 lakh crore last week.

Why did IT stocks like TCS and Infosys see a decline in valuation?

IT stocks like TCS and Infosys saw their valuations decline due to weak global trends in tech firms and concerns around artificial intelligence advancements.

Home / Business and Economy / Reliance Leads Rally: Top Firms Gain Rs 4.55 Lakh Crore

Reliance Leads Rally: Top Firms Gain Rs 4.55 Lakh Crore

8 Feb

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Summary

Eight of the top 10 firms saw a combined market valuation increase.
Reliance Industries experienced the largest gain, adding Rs 1.41 lakh crore.
IT majors TCS and Infosys saw their valuations decline amidst global trends.

Reliance Leads Rally: Top Firms Gain Rs 4.55 Lakh Crore

The Indian equity market witnessed a substantial uptrend last week, with the BSE benchmark climbing 3.53%. This rally propelled the combined market valuation of eight out of the top 10 valued firms by a significant Rs 4.55 lakh crore.

Reliance Industries led the charge, adding Rs 1,41,887.97 crore to its market valuation, reaching Rs 19,63,358.79 crore. Other major gainers included Life Insurance Corporation of India, Bharti Airtel, ICICI Bank, and State Bank of India, which saw substantial increases in their market capitalizations.

In contrast, IT giants Tata Consultancy Services and Infosys experienced a valuation erosion. TCS lost Rs 88,172.8 crore, while Infosys declined by Rs 63,462.66 crore. This downturn in IT stocks is attributed to global weak trends and concerns regarding artificial intelligence.