In a stellar performance last week, Life Insurance Corporation of India (LIC) saw its market capitalization soar by a whopping ₹60,657 crore, leading gains among India’s top companies. This surge comes as the stock market witnessed strong momentum, with the BSE Sensex climbing by 685.68 points (0.86%) and the NSE Nifty gaining 223.85 points (0.93%).
Other Market Movers- HDFC Bank: The largest private lender added ₹39,514 crore to its market cap, bringing it to ₹13.73 lakh crore.
- Reliance Industries: Mukesh Ambani’s conglomerate saw a rise of ₹35,861 crore, reaching a valuation of ₹17.49 lakh crore.
- Bharti Airtel: The telecom giant gained ₹32,657 crore, with its market value hitting ₹9.27 lakh crore.
- State Bank of India (SBI): Market cap increased by ₹20,482 crore to ₹7.49 lakh crore.
- ICICI Bank: Added ₹15,858 crore, now valued at ₹9.18 lakh crore.
Other notable gainers include Hindustan Unilever, Tata Consultancy Services, and ITC.
Infosys Takes a HitAmid the gains, Infosys stood out as the only top company to experience a loss, with its market cap declining by ₹18,478 crore to ₹7.72 lakh crore.
Reliance Holds the CrownDespite the fluctuations, Reliance Industries retained its spot as India’s most valued company, followed by TCS, HDFC Bank, Bharti Airtel, and others.
This performance highlights the resilience of India’s top firms, with LIC leading the charge as a significant market player. Keep an eye on these developments as the market momentum continues!
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