Bajaj Finance faced a significant loss in market capitalization last week, contributing to a total drop of Rs 35,439.36 crore among India’s top-10 valued companies. The market value of Bajaj Finance fell by Rs 5,102.43 crore, bringing its total worth to Rs 6,22,124.01 crore. Despite this, the broader market saw only marginal gains, with the BSE index rising by 112.09 points or 0.13%.
Several major companies, including State Bank of India, witnessed declines in their market valuations. State Bank of India experienced the largest loss, with its market value decreasing by Rs 12,692.1 crore to Rs 8,92,046.88 crore. Other companies like Larsen & Toubro and ICICI Bank also faced reductions in their market capitalization.
On the positive side, companies like HDFC Bank, Infosys, and Bharti Airtel managed to end the week with gains in their market values. Despite the fluctuations, HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro, and LIC retained their positions in the top-10 most valued firms list.
Experts analyzing Nifty’s technical outlook suggested that the market sentiment is likely to remain positive as long as the index stays above the 26,000–25,800 immediate support zone. They highlighted key resistance and support levels for the index, indicating potential short-term selling pressure if certain levels are breached.
