Market cap of top 9 companies increased by ₹1.30 lakh crore

Bharti Airtel's valuation increased by ₹23,746.04 crore to ₹5,70,466.88 crore. TCS's market cap increased by ₹19,027.07 crore to reach ₹12,84,180.67 crore. Whereas in terms of increase in market cap, HDFC Bank stood at third place, whose market cap increased by ₹ 17,881.88 crore. With this increase its market valuation became ₹ 11,80,588.59 crore.

Reliance Industries still the most valuable firm
In the ranking of top-10 companies, Reliance Industries retained the title of most valuable firm. This was followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, Bharti Airtel, ITC, State Bank of India and Bajaj Finance.

Sensex jumped 2.29%, Nifty made all-time high
Last week, the Bombay Stock Exchange (BSE) benchmark index Sensex jumped 1,511.15 points or 2.29%. It closed at the level of 67,481. These are now only 446 points below the all-time high of 67,927. Nifty made a new high in Friday's trading.

Nifty touched the level of 20,272.75 during trading. Earlier, the all-time high of Nifty was 20,222.45, which it made on September 15. Nifty also made a new all-time closing high. On Friday, Nifty closed at 20,267.90 with an increase of 134.75 points.

Trent becomes the 5th company of Tata Group with a market cap of ₹1 lakh crore.
Trent Limited has become the 5th Tata Group company with a market cap of Rs 1 lakh crore. Shares of Trent rose 2% to hit a record high of Rs 2,840 during Friday's trade. With this its market cap reached Rs 1,00,958 crore. However, the shares later declined slightly and closed at Rs 2,822.40, up 1.27%.

Trent gave 109% return this year
Trent has given a return of 109% in 2023. Whereas the gain of last 12 months is 92%. According to trendlines, Trent is trading above its 50-day and 200-day simple moving averages (SMAs). The counter has been unbeaten for the last four trading sessions and has gained more than 7% during this period. Due to continuous rise, this stock has come into the overbought zone.