The country’s stock markets continue to hold their own despite sobering economic news in recent months; India's largest private sector bank HDFC Bank on Friday (15 November) surpassed Rs 7 lakh crore (Rs 7 trillion) in market capitalisation for the first time.
HDFC Bank is only the third Indian company after TCS and Reliance Industries to become part of this exclusive club.
The private lender on Friday touched Rs 7,00,252.30 crore market capitalisation, a metric used to evaluate the size of a company.
Currently Reliance Industries with a market cap of Rs 9,39,463.36 crore, is the country's largest company followed by Tata Consultancy Services at Rs 8,25,168.16 crore.
At 11.25 am, HDFC Bank was trading at Rs 1,278.90 a share, up by 0.41 per cent.
(With inputs from IANS)
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