In a holiday-shortened trading week, five of India's top 10 valued firms collectively added Rs 84,559 crore to their market valuation, with Hindustan Unilever (HUL) emerging as the biggest gainer. Despite the BSE Sensex dipping by 207.43 points (0.27%) and the NSE Nifty falling by 75.9 points (0.33%), these firms showcased resilience and growth.
HUL's market valuation surged by Rs 28,700 crore, reaching Rs 5,56,054 crore, driven by strong consumer demand and innovative product strategies. Reliance Industries followed, adding Rs 19,757 crore to its valuation, now standing at Rs 16,50,002 crore. ITC and Bajaj Finance also saw significant gains, with their valuations rising by Rs 15,329 crore and Rs 12,760 crore, respectively. Bharti Airtel rounded out the list of gainers, climbing by Rs 8,011 crore.
On the flip side, HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India, and Infosys faced valuation declines, reflecting mixed market sentiment amid global economic uncertainties.
Sources: The Hindu BusinessLine, Economic Times, Financial Express.