Top 10 Firms Add ₹3.65 Lakh Crore In Market Value, TCS Leads Rally With ₹1.08 Lakh Crore Gain
Mumbai: Nine of India's 10 most valuable companies together added around Rs 3.65 lakh crore to their market capitalisation last week, supported by a strong recovery in the stock market. Tata Consultancy Services (TCS), Bharti Airtel and Infosys recorded the biggest gains, while Larsen & Toubro was the only company to lose market value. Sensex, Nifty Record Strong Weekly Gains Indian stock markets…
Indian stock markets witnessed a significant rebound last week, with the BSE Sensex surging 3.11% to 2,256.94 points and the NSE Nifty climbing 2.77% to 625.7 points. This rally was primarily fueled by robust buying activity in information technology stocks, following solid earnings reports for the September quarter.
Tata Consultancy Services (TCS) led the market rally, adding an impressive ₹1.08 lakh crore to its market value, bringing its total market capitalisation to ₹8,91,134.96 crore. Bharti Airtel and Infosys followed closely behind, with gains of ₹61,406.53 crore and ₹55,893.05 crore, respectively, raising their valuations to ₹11,88,815.45 crore and ₹4,71,409.41 crore.
While most of the major companies benefitted from the market rally, Larsen & Toubro was the sole laggard among the top 10 firms, experiencing a decline in market value of ₹9,232.26 crore, reducing its valuation to ₹4,99,725.06 crore. Reliance Industries maintained its position as India's most valuable company, followed by Bharti Airtel, HDFC Bank, ICICI Bank, and TCS.
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Also reported by 2 other outlets
- Market cap of 9 top firms surges ₹3.65 lakh crore; TCS leads gains thehindubusinessline.com
- Market recap: Top-10 firms add Rs 3.65 lakh crore in mcap; TCS leads the gains timesofindia.indiatimes.com
