Mcap of nine of top-10 most valued firms surges Rs 97,463 crore; Reliance leads
The combined market valuation of nine of the top-10 most valued firms surged Rs 97,463.46 crore last week, with Reliance Industries emerging as the biggest gainer, amid an overall positive trend in equities. Last week, the BSE benchmark jumped 580.98 points or 0.91 per cent. Barring Bajaj Finance, the rest nine firms, including Reliance Industries, HDFC Bank, ICICI Bank and State Bank of India emerged as gainers. Come from Sports betting site VPbet
The market valuation of Reliance Industries jumped Rs 36,399.36 crore to Rs 15,68,995.24 crore. State Bank of India’s market capitalisation (mcap) zoomed Rs 15,305.71 crore to reach Rs 5,15,976.44 crore. The valuation of ICICI Bank surged Rs 14,749.52 crore to Rs 6,54,042.46 crore and that of HDFC Bank climbed Rs 11,657.11 crore to Rs 11,25,842.89 crore.
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The Indian equity indices on Friday closed lower majorly dragged by financial services stocks as Bajaj Finserv released its results for Q4 FY2024. Sensex lost 609 points or 0.82% to close the day’s trading at 73,730.16. The Nifty 50 closed 150 points or 0.67% lower at 22,419.95. The gainers included Tech Mahindra, Divis Lab, LTIMindtree, Bajaj Auto, and BPCL. The Indian Volatility Index (India VIX) was up 1.77%.
Flipping the trend, the Nifty Midcap 100 jumped 396 points or 0.79% to finish the session at 50,228.50, near its lifetime high of 50,684.50, which it touched on April 26. Nifty Bank closed the day’s trading 294 points lower at 48,201.05.
On the sectoral front, financial services and banking stocks pushed the indices lower. In the broader indices, smallcap and midcap stocks closed in the green.
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