Sensex Muscles Up—9 Out of 10 Top Titans Just Got Richer by ₹1L Cr

Image Source: Moneycontrol

Stock Market Rally Pushes Corporate Valuations

Nine of the top ten most-valued companies together added ₹1,00,850.96 crore in their market capitalization during last week due to upbeat investor sentiments and encouraging equity trends.

The benchmark index BSE Sensex gained 737.98 points (0.90%), furthering gains at major companies.

Reliance & HDFC Bank Take the Lead

The highest jump was seen by Reliance Industries at ₹30,786.38 crore, taking its valuation to ₹19,53,480.09 crore.

HDFC Bank was not far behind, adding ₹26,668.23 crore, bringing its market value to ₹15,15,853.85 crore.

Other Key Gainers

Bajaj Finance increased by ₹12,322.96 crore, to ₹5,82,469.45 crore.

ICICI Bank contributed ₹9,790.87 crore, while Hindustan Unilever added ₹9,280.89 crore.

Bharti Airtel, LIC, Infosys, and State Bank of India also registered gains, showing a widespread market optimism.

TCS: The Sole Decliner

Tata Consultancy Services (TCS) was the sole company among the top ten to dip, losing ₹28,510.53 crore, taking its value to ₹12,24,975.89 crore.

TCS remained India's third-most-valued firm after Reliance and HDFC Bank, despite the fall.

Market Outlook & Investor Sentiment

Experts blame the rally on robust corporate earnings, stability in global markets, and optimism preceding releases of critical economic data.

The rally indicates sustained investor optimism, with predictions of increased market growth in the months to come.

Sources: Moneycontrol, The Hindu Business Line, Times of India.