New Delhi, June 1 (HS): In the last trading week, the market capitalization of four of the top ten most valued companies in India rose by over ₹1.01 lakh crore, with the Life Insurance Corporation of India (LIC) being the primary beneficiary. Conversely, six companies in the top ten saw their market capitalization decline by more than ₹34,000 crore, with Tata Consultancy Services (TCS) experiencing the largest loss. As a result of market fluctuations, LIC reentered the top ten companies’ list, while ITC dropped out.

During the trading period from May 26 to May 30, LIC’s market cap surged by ₹59,233.61 crore, reaching ₹6,03,120.16 crore. Other gains included State Bank of India (SBI) which increased by ₹19,589.54 crore to ₹7,25,036.13 crore, Bharti Airtel up by ₹14,084.20 crore to ₹10,58,766.92 crore, and HDFC Bank rising by ₹8,462.15 crore to ₹14,89,185.62 crore. In contrast, TCS saw a decrease of ₹17,909.53 crore, reducing its market cap to ₹12,53,486.42 crore. Reliance Industries’ market cap fell by ₹7,645.85 crore to ₹19,22,693.71 crore, while other declines included Bajaj Finance, ICICI Bank, Hindustan Unilever, and Infosys. Reliance Industries maintained the highest market cap at ₹19,22,693.71 crore, followed by HDFC Bank and TCS among the top ten.

Hindusthan Samachar / Jun Sarkar