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LIC Propels Top-10 Indian Firms’ Market Valuation Up by ₹1.01 Lakh Crore

An RBI rate cut restored investor appetite in India’s equity market.

File photo; AFP
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Overview

  • Life Insurance Corporation led the surge with a ₹59,233.61 crore gain, lifting its valuation to ₹6,03,120.16 crore.
  • HDFC Bank, Bharti Airtel and State Bank of India collectively added around ₹42,136 crore to their market caps.
  • Reliance Industries retained its position as India’s most valued company despite a ₹7,645.85 crore decline to ₹19,22,693.71 crore.
  • Six firms including TCS, ICICI Bank and Infosys saw a combined market cap erosion of ₹34,852.35 crore, led by a ₹17,909.53 crore drop at TCS.
  • The BSE benchmark slipped 270.07 points, or 0.33%, reflecting a generally muted equity trend.