The combined market value of nine out of India’s top 10 companies saw a significant increase of Rs 2.15 lakh crore last week. Bharti Airtel led the surge, with its market capitalization rising by Rs 52,432.67 crore to Rs 11.63 lakh crore. Following closely, state-owned Life Insurance Corporation of India (LIC) gained Rs 51,675.23 crore, reaching a market valuation of Rs 5.57 lakh crore.
Bajaj Finance witnessed a climb in market capitalization by Rs 26,553.71 crore, totaling Rs 5.99 lakh crore. Engineering giant Larsen & Toubro (L&T) also saw growth, adding Rs 21,929.12 crore to reach Rs 5.79 lakh crore. State Bank of India, the country’s largest lender, increased by Rs 16,753.57 crore, pushing its market capitalization to Rs 9.55 lakh crore.
Private sector bank HDFC Bank’s valuation rose by Rs 11,948.72 crore to Rs 12.01 lakh crore, while Hindustan Unilever Ltd added Rs 6,661.10 crore, reaching a market capitalization of Rs 5.16 lakh crore. ICICI Bank closed the week with an increase in market valuation by Rs 4,724.22 crore to Rs 9.66 lakh crore.
On the contrary, Tata Consultancy Services (TCS) was the sole company among the top 10 to experience a decrease in valuation. TCS’s market capitalization dropped by Rs 12,699.49 crore to Rs 7.69 lakh crore due to ongoing pressure on technology stocks following Accenture’s guidance cut. Additionally, during the week, Sensex surged over 1,200 points, or 1.68 percent, while the Nifty gained nearly 400 points, or 1.65 percent, closing at 24,013.10.
