In the last week, six of India’s top 10 firms saw a massive surge in their market capitalization (m-cap) by ₹1,18,626.24 crore.
Tata Consultancy Services (TCS) led the race with a whopping gain, followed by Reliance Industries, Infosys, and others.
The BSE benchmark index (Sensex) gained 659.33 points or 0.83%, while the Nifty gained 187.7 points or 0.78%.
TCS’ market valuation soars
TCS’ triumph
TCS led the pack with its market valuation soaring by ₹53,692.42 crore to reach ₹12,47,281.40 crore. This significant increase outpaced other top firms in the market.
Reliance Industries also saw a substantial rise in its market capitalization by ₹34,507.55 crore to reach a total of ₹17,59,276.14 crore for the week ending April 25.
Other firms also see market valuation increase
Additional gains
Infosys and HDFC Bank also saw their m-cap surge.
Infosys’s valuation rose by ₹24,919.58 crore to ₹6,14,766.06 crore, while HDFC Bank’s surged by ₹2,907.85 crore to ₹14,61,842.17 crore.
State Bank of India (SBI)’s m-cap rose by ₹1,472.57 crore to ₹7,12,854.03 crore for the week ending April 25, as did ITC’s cap, which rose by ₹1,126.27 crore to ₹5,35,792.04 crore for the same week.