Bulls Charge: Sensex Rallies, Investor Wealth Jumps, M-Cap of Top 10 Heavyweights

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Bulls Charge: Sensex Rallies, Investor Wealth Jumps, M-Cap of Top 10 Heavyweights

By Malvika Gurung

Investing.com -- Indian equity benchmark indices ended with sharp gains, as bulls started the week on a positive note. 

For the first time in over 10 months, the headline index Nifty50 surpassed the 18,000 mark, led by the domestic rally on Dalal Street after the HDFC-HDFC Bank merger announcement and gains made in global markets.

Benchmark indices Nifty 50 ended 2.17% higher and BSE Sensex gained 1,335.05 points or 2.25%, pushing the investors’ wealth on the Street to jump by Rs 4.5 lakh crore in the session. Nifty Bank surged 4%.

Also, a rally in share prices of HDFC (NS: HDFC ) twins on Monday has exceeded TCS’ market valuation, and mid-session, the market capitalization of HDFC Ltd climbed to Rs 5,17,682 crore, surpassing ICICI Bank’s m-cap at Rs 5,16,919.1 crore, becoming the fifth-largest company in India, in terms of market valuation.

Here’s a look at India’s top 10 heavyweights (in order), based upon market capitalization as of Apr 4.

  • Reliance Industries (NS: RELI ): M-cap of Rs 18.01 lakh crore.
  • Tata Consultancy (NS: TCS ) Services: Rs 13.94 lakh crore.
  • HDFC Bank (NS: HDBK ): Rs 9.18 lakh crore.
  • Infosys (NS: INFY ): Rs 7.92 lakh crore.
  • ICICI Bank (NS: ICBK ): Rs 5.18 lakh crore.
  • HDFC (NS: HDFC ): Rs 4.85 lakh crore.
  • Hindustan Unilever (NS: HLL ): Rs 5 lakh crore.
  • SBI (NS: SBI ): Rs 4.57 lakh crore.
  • Bajaj Finance (NS: BJFN ): Rs 4.53 lakh crore.
  • Bharti Airtel (NS: BRTI ): Rs 4.29 lakh crore.

 

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