Business

7 Of The Top 10 Most Valued Firms Register Strong Gains

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.

Companies That Declined

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:

  • Reliance Industries
  • HDFC Bank
  • Bharti Airtel
  • Tata Consultancy Services
  • ICICI Bank
  • State Bank of India
  • Infosys
  • Bajaj Finance
  • Hindustan Unilever Ltd
  • Life Insurance Corporation of India

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

Anamika Agarwala

Recent Posts

Rohilkhand University VC Anil Kumar Rai Meets CM Yogi Adityanath To Discuss Higher Education

Rohilkhand University VC Anil Kumar Rai meets CM Yogi Adityanath to discuss NEP 2020, Indian…

4 hours ago

PM Modi Assures Manipur Of Full Support To Restore Peace And Normalcy

PM Modi assures Manipur CM Yumnam Khemchand Singh of support to restore peace and normalcy…

4 hours ago

Sitting At Your Desk All Day? These Small Changes Could Protect Your Health

Prolonged sitting can increase health risks. Movement breaks, ergonomic adjustments and regular exercise can help…

5 hours ago

Three 200MP Cameras In One Phone? OPPO Find X10 Pro Max Raises The Stakes

OPPO will launch the Find X10 series on October 21, featuring up to three 200MP…

5 hours ago

Tahir Hussain Convicted Of Abetment To Rioting In 2020 Delhi Riots Case

A Delhi court convicts Tahir Hussain of abetment to rioting in a 2020 Delhi riots…

6 hours ago

Samuel L Jackson Confirms Return As Nick Fury

Samuel L. Jackson confirms Nick Fury’s return in Avengers: Secret Wars, while revealing his absence…

6 hours ago