India Inc Gains ₹4.13 Lakh Crore as Ceasefire Boosts Markets; HDFC Bank, ICICI Bank Lead

Amid uncertainty surrounding the war in West Asia, the top eight companies by valuation added ₹4,13,003.23 crore to their valuations last week. Among these companies, HDFC Bank and ICICI Bank emerged as the dominant players. According to reports, these share price rebounds were largely triggered by the sharp decline in crude prices.

List Of Companies That Gained From The Momentum

Here is the list of companies:

HDFC Bank: The bank valuation increased by ₹91,282.67 crore to reach a market capitalisation of ₹12,47,478.57 crore.

ICICI Bank: The ICICI Bank added ₹76,036.36 crore to its valuation from the recent investment inflow.

Bharti Airtel: The recent valuation of the company increased by ₹45,873.43 crore to mark a spot at ₹10,66,293.69 crore.

Bajaj Finance: It added ₹60,980.35 crore to its valuation.

SBI: The largest public sector bank’s market cap soared by ₹43,614.67 crore to ₹9,84,629.98 crore.

Larsen & Toubro: The market cap of the company reached ₹5,44,736.59 crore, marking a rise of ₹47,624.97 crore.

Hindustan Unilever: The company’s valuation rallied by ₹21,287.29 crore to reach ₹5,06,477.89 crore.

TCS: The tech giant's market capitalisation reached ₹9,13,331.92 crore after a surge in BSE and NSE indices.

Also Read - Crude Oil Prices Jump 8% After US Targets Iranian Shipping

On the contrary, the share value of Reliance Industries and Infosys declined by ₹947.28 crore and ₹3,285.03 crore, respectively.

Source:

Livemint