Top 10 Most-Valued Firms Add Over 12,000 Crore In Market Cap
The NSE Nifty 50 closed 2.5 points or 0.01% lower at 22,545.05, while the BSE Sensex gained 10.31 or 0.01% points to settle at 74,612.43.
India's top 10 most-valued companies added Rs 12,059.5 crore to their market capitalisation on Thursday, led by gains in HDFC Bank Ltd., Bajaj Finance Ltd., Bharti Airtel Ltd. and Reliance Industries Ltd. The other six firms saw a decline in their market value.
The country's largest private lender, HDFC Bank, saw the biggest increase, adding Rs 14,033.5 crore to its market cap, taking it to Rs 13 lakh crore.
Bajaj Finance followed with a gain of Rs 13,407.5 crore, while Airtel and RIL added Rs 5,126.3 crore and Rs 4,195 crore respectively. The Mukesh Ambani-led company's total market cap now stands at Rs 16.3 lakh crore.
Tata Consultancy Services Ltd. saw a decline of Rs 6,150.8 crore. State Bank of India's market cap fell Rs 6,247.2 crore to Rs 6.28 lakh crore. Hindustan Unilever Ltd.'s market cap declined Rs 3,371.7 crore, while ITC Ltd. lost Rs 4,066.3 crore.
ICICI Bank Ltd. shed Rs 1,199.9 9 crore, bringing its market cap to Rs 8.63 lakh crore. Infosys Ltd. lost Rs 1,411.8 crore, maintaining a market cap at Rs 7.33 lakh crore.
Despite mixed performances, RIL remains India's most-valued company, followed by TCS and HDFC Bank. The benchmark indices ended Thursday's session flat. The NSE Nifty 50 closed 2.5 points or 0.01% lower at 22,545.05, while the BSE Sensex gained 10.31 or 0.01% points to settle at 74,612.43.
The media and realty sectors recorded the sharpest declines, while finance and metal stocks led the gains. The banking and non-banking financial stocks rallied after the Reserve Bank of India reduced risk weights on bank loans to non-banking financial companies.
