Shares of India’s major private sector lender HDFC Bank gained on Thursday morning to hit a fresh record high on BSE, just a day after the firm became just the third Indian company to top 6 lakh crore market capitalisation. HDFC Bank shares gained by nearly 1% to hit the day’s high and consequently a record high of Rs 2,247.25.
Interestingly, pre-poll optimism helped the overall stock market to continue rallying for the third straight day yesterday, helping the stock to close 2.6% higher taking its overall market capitalisation to Rs 6.06 lakh crore. The firm became only the third firm in India to achieve to landmark. With a whopping Rs 8.53 lakh crore in market capitalisation, Mukesh Ambani-led Reliance Industries tops the list of firms with the highest market capitalisation. India’s largest IT firm Tata Consultancy Services is the second highest valued firm with a market capitalisation of Rs 7.50 lakh crore, data from BSE showed.
Reliance Industries shares are trading flat at Rs 1,346.75 on BSE, while TCS shares are trading at Rs 2,001.15. After HDFC Bank, Hindustan Unilever comes at a distant fourth with an overall market capitalisation of Rs 3.77 lakh crore. FMCG major ITC is fifth on the list with a total market capitalisation of Rs 3.61 lakh crore.
Meanwhile, the stock markets ended the session flat on Thursday, taking a breather after three consecutive sessions of robust rally. The Sensex closed 3 points higher at 37,754.89, while Nifty ended below the 11,350-mark. IndusInd Bank shares closed 2.8% higher at Rs 1,683 on NSE, while Yes Bank shares closed 2.3% higher at Rs 250 on NSE, to emerge among the biggest Sensex gainers.
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