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HDFC Bank shares hit record high after becoming third firm to cross 6-lakh crore mcap; check top five

FE Online
HDFC Bank loan rates, Bank of Baroda

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.

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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.