Mukesh Ambani's Power in Stock Market: Reliance Industries Gains ₹53,652 Crore in a Week - Read Here

This week, Mukesh Ambani’s Reliance Industries showed its strength in the Indian stock market, gaining ₹53,652 crore in market value. The Sensex, India’s top 30-stock index, rose by 1,027.54 points, or 1.21%, reaching a new all-time high of 85,978.25 points on Friday. This week proved to be excellent for the Indian stock market, and experts believe that next year may also bring similar results. However, let’s focus on this week's performance.

Among the top 10 most valuable companies in India, eight companies saw a combined increase of ₹1,21,270.83 crore in their market capitalization this week. Reliance Industries led the way, with the largest gain.

Big Market Gains

During the week, Reliance Industries saw its market value grow by ₹53,652.92 crore, bringing its total market cap to ₹20,65,197.60 crore. The State Bank of India (SBI) also experienced a significant rise in value, with an increase of ₹18,518.57 crore, reaching ₹7,16,333.98 crore in market value.

Bharti Airtel's market cap rose by ₹13,094.52 crore to ₹9,87,904.63 crore. ITC also had a strong week, with its value increasing by ₹9,927.3 crore, reaching ₹6,53,834.72 crore.

Tata Consultancy Services (TCS) saw a rise of ₹8,592.96 crore, bringing its market cap to ₹15,59,052 crore. HDFC Bank's value grew by ₹8,581.64 crore, reaching ₹13,37,186.93 crore, while Life Insurance Corporation (LIC) gained ₹8,443.87 crore, bringing its value to ₹6,47,616.51 crore. Infosys also saw a smaller gain of ₹459.05 crore, reaching a market cap of ₹7,91,897.44 crore.

Some Companies Lost Value

Despite the positive performance, ICICI Bank’s market cap fell by ₹23,706.16 crore to ₹9,20,520.72 crore. Hindustan Unilever also experienced a decline of ₹3,195.44 crore, with its market value falling to ₹6,96,888.77 crore.

Overall, Reliance Industries continues to dominate the Indian stock market, followed by TCS, HDFC Bank, and Bharti Airtel.