Reliance (RELI) and HDFC (HDFC) Propel Market Cap Surge of ₹1.85 Lakh Crore Among Top 9 Valued Firms

<ul>
    <li>Last week, nine of the top ten most-valued firms collectively gained ₹1,85,320.49 crore in market valuation, with Reliance Industries Ltd and HDFC Bank leading the surge, reflecting a broader rally in equities.</li>
    <li>The BSE benchmark soared by 1,404.45 points, or 1.89%, and the 30-share BSE Sensex reached an all-time intraday high of 75,636.50 on Friday.</li>
    <li>Among the top-10 most-valued companies, only ITC lagged behind.</li>
</ul>
<p><strong>Market capitalization of 9 of top-10 most valued firms jump ₹1.85 lakh crore; Reliance and HDFC top gainers</strong></p>
<h2><strong>Reliance Industries and HDFC Bank Lead the Surge</strong></h2>
<p>Reliance Industries' market valuation increased by ₹61,398.65 crore, reaching ₹20,02,509.35 crore. HDFC Bank saw a rise of ₹38,966.07 crore, bringing its valuation to ₹11,53,129.36 crore. This significant growth can be attributed to strong quarterly earnings and positive investor sentiment.</p>
<h3><strong>Other Major Gainers in the Market</strong></h3>
<p>Life Insurance Corporation of India's (LIC) valuation jumped by ₹35,135.36 crore to ₹6,51,348.26 crore. Bharti Airtel's market capitalisation soared by ₹22,921.42 crore to ₹7,87,838.71 crore, while Hindustan Unilever's climbed by ₹9,985.76 crore to ₹5,56,829.63 crore. Infosys' market valuation increased by ₹8,821.99 crore to ₹6,08,198.38 crore, and State Bank of India's (SBI) rose by ₹6,916.57 crore to ₹7,39,493.34 crore. ICICI Bank's valuation went up by ₹903.31 crore to ₹7,95,307.82 crore, and Tata Consultancy Services' (TCS) increased by ₹271.36 crore to ₹13,93,235.05 crore.</p>
<h3><strong>ITC: The Lone Laggard</strong></h3>
<p>Conversely, ITC's market valuation fell by ₹436.97 crore to ₹5,44,458.70 crore. Despite the overall positive trend in the market, ITC faced challenges that impacted its valuation negatively. Analysts suggest that sector-specific issues and market dynamics may have contributed to this decline.</p>
<h3><strong>Conclusion</strong></h3>
<p>In the ranking of the top-10 companies, Reliance Industries maintained its position as the most-valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, SBI, LIC, Infosys, Hindustan Unilever, and ITC. The overall market sentiment remains positive, with significant gains observed across various sectors. Investors are advised to stay informed and consider the broader market trends while making investment decisions.</p>