Indian Stock Market Witnesses Significant Growth

Last week, the Indian stock market experienced a remarkable surge, with the combined market capitalization of nine out of the top-10 most-valued companies in India increasing by a staggering Rs 3,06,243.74 crore. This growth was primarily driven by a strong rally in equities, with ICICI Bank and Bharti Airtel leading the charge.

Key Performers in the Market

ICICI Bank saw its valuation increase by Rs 64,426.27 crore, reaching a total market capitalization of Rs 9,47,628.46 crore. Bharti Airtel wasn't far behind, with its market cap soaring by Rs 53,286.17 crore to Rs 9,84,354.44 crore. HDFC Bank also recorded significant growth, with its valuation growing by Rs 49,105.12 crore to Rs 13,54,275.11 crore.

Other Notable Gains

Reliance Industries, Bajaj Finance, Tata Consultancy Services (TCS), State Bank of India (SBI), Hindustan Unilever, and Infosys also saw their market caps increase, contributing to the overall growth of the market. However, ITC was the only company among the top 10 to experience a decline in market value, losing Rs 7,570.64 crore.

Market Leaders

Reliance Industries maintained its position as the most valuable company in India, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Bajaj Finance, Hindustan Unilever, and ITC.