Home / Business and Economy / Market Giants Surge: Top Firms Gain ₹1.28 Lakh Crore
Market Giants Surge: Top Firms Gain ₹1.28 Lakh Crore
23 Nov
Summary
- Seven top companies added over ₹1.28 lakh crore in market value.
- Reliance Industries and Bharti Airtel were the biggest gainers.
- Equities trend was positive, boosting overall market valuation.
Last week witnessed a substantial increase in the market capitalization of India's leading companies. Seven out of the top ten most valued firms collectively saw their valuations soar by ₹1,28,281.52 crore, driven by a positive momentum in the broader equity markets. Reliance Industries and Bharti Airtel spearheaded this surge, adding significant value to their respective market caps.
The positive trend in equities directly translated into heightened market valuations for several key players. Reliance Industries, in particular, experienced a remarkable jump of ₹36,673 crore, reinforcing its position as the most valued domestic firm. Bharti Airtel also saw a considerable gain, with its valuation climbing by ₹36,579.01 crore, showcasing robust performance.
While most of the top firms benefited, Bajaj Finance, LIC, and ICICI Bank faced a decline in their valuations. Despite these minor setbacks, the overall market sentiment remained buoyant, with major entities like Infosys, TCS, HDFC Bank, State Bank of India, and Hindustan Unilever also contributing to the week's gains.
