The combined market valuation of five out of India’s top 10 most valuable companies rose by ₹60,675.94 crore last week, driven by strong investor sentiment in equities. State Bank of India (SBI) and HDFC Bank were the biggest contributors to the gains.
During the holiday-shortened week, the Sensex climbed 739.87 points (0.92%), while the Nifty advanced 268 points (1.10%), reflecting overall positive momentum in the markets.
Top gainers: SBI, HDFC Bank, Infosys, Bharti Airtel, Reliance
- SBI witnessed the sharpest rise, adding ₹20,445.82 crore to take its valuation to ₹7,63,095.16 crore.
- HDFC Bank followed with gains of ₹14,083.51 crore, pushing its market cap to ₹15,28,387.09 crore.
- Infosys added ₹9,887.17 crore to reach ₹6,01,310.19 crore.
- Bharti Airtel gained ₹8,410.6 crore, with its market value rising to ₹10,68,260.92 crore.
- Reliance Industries advanced ₹7,848.84 crore, retaining its top spot with a valuation of ₹18,59,023.43 crore.
Top losers: LIC, Bajaj Finance, ICICI Bank, TCS, Hindustan Unilever
- LIC saw the steepest fall, with its valuation slipping ₹15,306.5 crore to ₹5,61,881.17 crore.
- Bajaj Finance dropped ₹9,601.08 crore, taking its market cap to ₹5,35,547.44 crore.
- ICICI Bank lost ₹6,513.34 crore, settling at ₹10,18,982.35 crore.
- TCS declined by ₹4,558.79 crore, with its valuation at ₹10,93,349.87 crore.
- Hindustan Unilever dipped ₹3,630.12 crore to ₹5,83,391.76 crore.
Despite the mixed trend, Reliance Industries remained India’s most valued company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Hindustan Unilever, LIC, and Bajaj Finance.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their financial advisor before making decisions.
