India’s equity markets ended the week on a positive note, with seven of the country’s top 10 most valued companies collectively adding over ₹1.28 lakh crore to their market valuation.
The upbeat sentiment reflected broad investor confidence as the BSE Sensex gained 669.14 points (0.79%), while the Nifty50 rose 0.61% over the same period.
The rally was driven by robust performance in heavyweight counters across energy, banking, IT and FMCG sectors, although a few leading firms saw a dip in their valuation.
Reliance Industries remained the market’s strongest performer, reinforcing its position as India’s most valued company.
Bharti Airtel also logged notable gains, with its market capitalisation rising by ₹36,579.01 crore, taking its total valuation to ₹12,33,279.85 crore.
In the IT sector, Infosys and Tata Consultancy Services (TCS) delivered solid weekly growth.
Infosys added ₹17,490.03 crore to reach ₹6,41,688.83 crore, while TCS gained ₹16,299.49 crore to touch ₹11,39,715.66 crore.
The banking sector saw a similar positive trend. HDFC Bank increased its valuation by ₹14,608.22 crore, reaching ₹15,35,132.56 crore, whereas State Bank of India (SBI) added ₹4,846.08 crore, pushing its total to ₹8,97,769.87 crore.
In the FMCG space, Hindustan Unilever Ltd (HUL) registered an uptick of ₹1,785.69 crore, taking its market value to ₹5,71,972.75 crore.
Despite the broader gains, three major firms saw their market value contract.
Bajaj Finance recorded the steepest drop, losing ₹8,244.79 crore, which pulled its valuation down to ₹6,25,328.59 crore.
LIC also declined by ₹4,522.38 crore, slipping to a market capitalisation of ₹5,70,578.04 crore, while ICICI Bank saw a smaller erosion of ₹1,248.08 crore, ending the week at ₹9,79,126.35 crore.
At the end of the week, the top 10 most valued firms stood in the following order:
With domestic equities maintaining a steady upward trajectory, investor appetite in heavyweight stocks remains strong.
Analysts expect market performance to remain closely tied to global cues, sectoral earnings and upcoming economic indicators.
Also Read: Adani Global Indology Conclave Highlights Enduring Relevance Of India’s Civilisational Ideals
PM Modi met Jamaican PM Andrew Holness at the G20 Summit and also held talks…
Prime Minister Narendra Modi proposed an IBSA Fund for Climate-Resilient Agriculture during the IBSA Leaders…
PIB Fact Check has dismissed a fake letter circulating online that falsely claimed the Indian…
Prime Minister Narendra Modi met South African President Cyril Ramaphosa on the sidelines of the…
Kajal Suri has been recognised at the 9th Dr Sarojini Naidu International Award for Working…
Prime Minister Narendra Modi attended the IBSA Leaders’ Meeting in Johannesburg alongside the Presidents of…