In a recent turn of events, the Indian stock market registered a historic rise of 0.04% in a single day, and Sensex soared up by 0.80%, adding more than ₹95,522.81 crore to the market capitalisation of the most valued companies in India. Reliance and TCS are among the top gainers of the week. Tata Consultancy rose by ₹17,167.83 crore to ₹16,15,114.27 crore, whereas
Reliance Industries’ valuation increased to 20,29,710.68 crores, adding Rs 29,634.27 to its market capitalisation.
Hindustan Unilever gained more than ₹15,225.36 crore in its valuation. Further, ITC’s market cap grew by ₹3,965.14 crore to ₹6,32,364.24 crore. Bharti Airtel’s valuation rose by ₹12,268.39 crore to ₹8,57,392.26 crore, while ICICI Bank saw an increase of ₹11,524.92 crores to ₹8,47,640.11 crore. Further, SBI also witnessed a hike of ₹2,498.89 crore and reached ₹7,27,578.99 crore.
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However, HDFC Bank’s market capitalisation took a hit by ₹4,835.34 crore and fell to ₹12,38,606.19 crore.
What Is Driving The Bull Run In India?
According to our research, the bull run in India is driven by the anticipation of the Federal Reserve rate cut as the USA registered stronger-than-expected GDP data. Also, the People’s Bank of China reduced its loan rate by 20 basis points to 2.3% for its one-year medium-term policy.
