Eight of India’s top 10 most valued companies added a combined Rs 1.90 lakh crore in market capitalisation last week, supported by a strong rally in the equity markets. ICICI Bank emerged as the biggest gainer, followed by HDFC Bank and State Bank of India.
The gains came as benchmark indices ended higher after a volatile week. The BSE Sensex rose 1,284.61 points, or 1.73 per cent, while the NSE Nifty gained 256.2 points, or 1 per cent.
ICICI Bank Tops The Gainers List
ICICI Bank recorded the highest increase among the top companies, adding Rs 56,223 crore to its market value. Its total valuation rose to Rs 9,61,297.77 crore.
HDFC Bank also saw strong gains, with its market capitalisation rising by Rs 38,571.11 crore to Rs 11,89,314.42 crore. State Bank of India added Rs 36,137.87 crore, taking its valuation to Rs 9,38,661.50 crore.
Bajaj Finance, Airtel And L&T Also Gain
Bajaj Finance’s valuation climbed by Rs 18,366.57 crore to Rs 5,71,947.54 crore, while Bharti Airtel added Rs 14,380.14 crore to reach Rs 11,10,530.63 crore.
Larsen & Toubro’s market value increased by Rs 13,241.39 crore to Rs 5,57,197.83 crore. Hindustan Unilever also gained Rs 10,984.34 crore, taking its valuation to Rs 5,09,285.65 crore.
Reliance Industries added Rs 2,097.54 crore, keeping its total market value at Rs 17,49,418.94 crore.
TCS And LIC See Market Value Erosion
While most top firms gained, Tata Consultancy Services and Life Insurance Corporation of India saw a decline in their market capitalisation.
TCS lost Rs 13,296.47 crore, bringing its valuation down to Rs 7,82,049.62 crore. LIC’s market value declined by Rs 822.25 crore to Rs 5,05,051.07 crore.
Market Sentiment Improves
The rise in market value came amid improving investor confidence, supported by better global sentiment and policy measures aimed at attracting foreign currency inflows.
Optimism around easing geopolitical tensions also helped improve risk appetite in the market. Expectations of stability in global energy prices added further support to equities.
Reliance Remains India’s Most Valued Company
Reliance Industries continued to hold the top position among India’s most valued companies. It was followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.
The strong performance of banking and financial stocks stood out during the week, with ICICI Bank, HDFC Bank and SBI contributing significantly to the overall rise in market capitalisation.
