India's Market Capitalization Rises 9.4% in December, ₹86,847.88 Crore Gains Led by HDFC Bank and Reliance Industries

India's market capitalization (mcap) increased by 9.4% in December 2024, marking the highest growth in three years and outperforming other major global markets. The mcap of six of the top ten most valued firms rose by ₹86,847.88 crore. Notable gainers included HDFC Bank, which saw its valuation surge by ₹20,235.95 crore, bringing its total mcap to ₹13,74,945.30 crore, and Reliance Industries, which added ₹20,230.9 crore to reach a valuation of ₹16,52,235.07 crore. Other firms experiencing substantial increases included ITC, with a rise of ₹17,933.49 crore to ₹5,99,185.81 crore; ICICI Bank, which climbed by ₹15,254.01 crore to ₹9,22,703.05 crore; Bharti Airtel, up by ₹11,948.24 crore to ₹9,10,735.22 crore; and Hindustan Unilever, which gained ₹1,245.29 crore.