The combined market valuation of eight of India’s 10 most-valued companies increased by Rs 1.90 trillion last week due to a strong rally in domestic equities. This surge was driven by solid gains in benchmark indices, with the Sensex climbing 1,284.61 points and the Nifty advancing 256.2 points. Market sentiment was positive, buoyed by hopes of a peace agreement between the United States and Iran, which could ease geopolitical tensions and stabilize global energy markets.
The improved outlook led to increased investor confidence and boosted gains in heavyweight stocks. Notably, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Larsen & Toubro, and Hindustan Unilever saw gains in their market capitalization. On the other hand, Tata Consultancy Services (TCS) and Life Insurance Corporation of India (LIC) experienced a decline in valuation. ICICI Bank led the weekly gains, with its market capitalization rising by Rs 56,223 crore to Rs 9.61 lakh crore.
HDFC Bank added Rs 38,571 crore to reach a valuation of Rs 11.89 lakh crore, while State Bank of India saw an increase of Rs 36,138 crore to Rs 9.39 lakh crore. Bajaj Finance registered a gain of Rs 18,367 crore, pushing its valuation to Rs 5.72 lakh crore. Bharti Airtel’s market capitalization climbed by Rs 14,380 crore to Rs 11.11 lakh crore. Larsen & Toubro added Rs 13,241 crore to reach a valuation of Rs 5.57 lakh crore, and Hindustan Unilever gained Rs 10,984 crore, taking its market capitalization to Rs 5.09 lakh crore.
Conversely, TCS witnessed the most significant decline among the top-10 firms, with its market capitalization falling by Rs 13,296 crore to Rs 7.82 lakh crore. LIC’s valuation also slipped by Rs 822 crore to Rs 5.05 lakh crore. At the end of the week, India’s most-valued companies included HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever, and LIC.
