Market valuation: Mcap of 9 of 10 most valued firms jumps Rs 1 lakh crore; Reliance leads the way

Nine of India’s ten most-valued companies collectively added Rs 1,00,850.96 crore to their market capitalisation last week, lifted by broadly positive sentiment in the equity markets. Reliance Industries and HDFC Bank led the gains, reflecting investor confidence.The benchmark BSE Sensex rose by 737.98 points, or 0.90%, during the week, helping major firms register healthy growth in their market worth.Reliance Industries stood out with the biggest increase, adding Rs 30,786.38 crore to take its market valuation to Rs 19,53,480.09 crore. HDFC Bank followed closely, gaining Rs 26,668.23 crore and pushing its valuation to Rs 15,15,853.85 crore.Other gainers in the top-10 list included:Tata Consultancy Services (TCS) was the only firm in the top bracket to see a decline, shedding Rs 28,510.53 crore from its market valuation, which now stands at Rs 12,24,975.89 crore.Despite the drop, TCS retained its spot as the third most-valued Indian company, after Reliance and HDFC Bank. Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance, and Hindustan Unilever rounded out the top 10.Market watchers say the gains reflect strong investor sentiments ahead of key economic data and global cues.