The combined market value of six of India’s top 10 companies increased by more than Rs 1 lakh crore last week. This surge was primarily driven by a significant rise in Bharti Airtel’s market capitalization. The stock market indices, Sensex and Nifty, continued their upward trend, with Sensex climbing 663.44 points and Nifty gaining 214.85 points.
Bharti Airtel witnessed the largest jump in market valuation, with its capitalization rising by Rs 36,529.21 crore to reach Rs 11,63,877.30 crore. Following closely, Bajaj Finance added Rs 33,059.83 crore, pushing its valuation to Rs 6,43,141.36 crore. ICICI Bank also performed well, with its market capitalization increasing by Rs 16,084.29 crore to Rs 10,11,695.03 crore.
Moreover, Life Insurance Corporation of India (LIC) saw an addition of Rs 8,601.99 crore, reaching a valuation of Rs 5,44,139.55 crore. HDFC Bank’s market capitalization surged by Rs 7,664.89 crore to Rs 12,33,646.33 crore, and Hindustan Unilever added Rs 6,461.38 crore, taking its valuation to Rs 5,17,086.30 crore.
Conversely, four of the top-10 companies experienced a decrease in their market capitalization during the week. Larsen & Toubro faced the most significant decline, with its valuation dropping by Rs 26,572.20 crore to Rs 5,53,978.63 crore. Reliance Industries also witnessed a decline of Rs 18,945.56 crore in its market capitalization, settling at Rs 17,64,981.36 crore.
State Bank of India lost Rs 4,846.08 crore in valuation, ending the week with a market capitalization of Rs 9,59,891.92 crore. Tata Consultancy Services (TCS) also saw a decline, shedding Rs 1,031.15 crore to Rs 7,57,175.27 crore. Despite these declines, Reliance Industries maintained its position as India’s most valuable listed company.
