The market capitalisation (mcap) of index heavyweight Reliance Industries jumped Rs 68,296.41 crore to stand at Rs 16,72,365.60 crore. State Bank of India (SBI) added Rs 30,120.57 crore, taking its valuation to Rs 5,00,492.23 crore. ICICI Bank’s market valuation climbed Rs 25,946.89 crore to Rs 6,32,264.39 crore and that of Hindustan Unilever Limited (HUL) advanced Rs 18,608.76 crore to Rs 6,23,828.23 crore.
Patchy rains may hit rural lending, banks stay cautious
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong