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Informative
Market capitalisation of 4 of top-10 most valued cos increases Rs 81,151 crore last week
Update / Judgement Date
20 Oct 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Financial ManagementStock Market
The market capitalization of four of the top ten most valued Indian companies increased by ₹81,151 crore last week. ICICI Bank and HDFC Bank led the gains, with significant contributions from Infosys and Reliance Industries. This surge aligns with the overall positive trend in the stock market, driven by strong quarterly earnings and positive global cues. The BSE Sensex and NSE Nifty indices saw substantial gains, reflecting investor optimism. The increase in market capitalization highlights the resilience of these companies amid market volatility and economic uncertainties2.
