Updated December 31st, 2023 at 22:52 IST

Top companies' market cap jumps by 1.29 lakh crore

Major players such as Reliance Industries, HDFC Bank, ICICI Bank, Hindustan Unilever, Bharti Airtel, ITC, State Bank of India, and LIC witnessed gains.

Reported by: Business Desk
Stock market | Image:Unsplash
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In the short trading week due to the Christmas holiday, the collective market capitalisation of eight out of the top-10 most valued companies escalated by Rs 1,29,899.22 crore. This surge coincided with a robust performance by the key equity benchmark indices.

The BSE Sensex experienced a significant uptick of 1,133.3 points, marking a gain of 1.59 per cent for the week. Setting a new record, the index touched an unprecedented high of 72,484.34 on December 28.

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On account of the market activity, major players such as Reliance Industries, HDFC Bank, ICICI Bank, Hindustan Unilever, Bharti Airtel, ITC, State Bank of India, and Life Insurance Corporation of India (LIC) witnessed gains. Conversely, Tata Consultancy Services (TCS) and Infosys faced declines. Among these, HDFC Bank, LIC, Bharti Airtel, and Hindustan Unilever emerged as the frontrunners in terms of market capitalisation growth.

HDFC Bank saw its market valuation escalate by Rs 29,828.84 crore, reaching a total of Rs 12,97,972.04 crore. LIC followed suit with an increase of Rs 25,426.49 crore, elevating its valuation to Rs 5,27,062.06 crore. Similarly, Bharti Airtel's market capitalisation swelled by Rs 24,510.96 crore to stand at Rs 5,80,645.54 crore. Hindustan Unilever also experienced a notable rise, adding Rs 20,735.14 crore to its valuation, which now stands at Rs 6,25,778.39 crore.

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(With PTI inputs)

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Published December 31st, 2023 at 11:34 IST