Top companies added Rs 90,319 crore in market capitalization, last week

31 Oct 2022 , 09:26 AM

Reliance Industries emerged as the largest winner, with nine of the top ten domestic companies together adding Rs90,318.74 crore in market valuation last week amid a bullish trend in equities. The benchmark 30-share BSE Sensex increased 652.7 points or 1.10 % last week. On Monday, markets held a unique one-hour Muhurat trading session to commemorate the start of the Hindu Samvat year 2079. On Wednesday, stock markets were closed in observance of “Diwali Balipratipada.”

With the exception of Hindustan Unilever, the market valuation of the remaining nine firms increased, including Tata Consultancy Services (TCS), HDFC Bank, Infosys, and State Bank of India (SBI). Reliance Industries’ market value increased by Rs 36,566.82 crore to Rs17,08,932.42 crore. HDFC Bank’s market capitalization (mcap) increased by Rs11,195.61 to Rs8,12,378.52 billion.

The market value of SBI increased by Rs8,879.98 crore to Rs5,09,372.21 crore, while that of Bharti Airtel increased by Rs10,792.67 crore to Rs4,54,404.76 crore. TCS increased its value by Rs 8,617.06 crore, bringing it to Rs 11,57,339.65 crore. HDFC’s mcap increased by Rs8,214,27 to Rs4,36,240,27, and Infosys’s by Rs 5,259.92 to Rs 6,36,476.13 crore.

The valuation of ITC increased by Rs 224.04 crore to Rs 4,28,677.66 crore, while that of ICICI Bank increased by Rs 568.37 crore to Rs 6,32,832.76 crore. However, Hindustan Unilever’s market value fell by Rs 30,509.44 crore to Rs 5,93,318.79 crore. According to market capitalization, Reliance Industries continued to be the most valuable company, followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, SBI, Airtel, HDFC, and ITC.

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