The market valuation of four of India’s top-10 companies increased by Rs 2.20 lakh crore in a shortened trading week. The Sensex closed the week slightly up, gaining 249.29 points or 0.32 percent. Telecom giant Bharti Airtel and IT leader Tata Consultancy Services were among the top gainers, with significant valuation boosts. Bharti Airtel’s market cap rose by Rs 43,503.51 crore to Rs 11,49,222.13 crore, while TCS saw a jump of Rs 27,569.83 crore to Rs 8,94,933.95 crore.
Banking and financial stocks, however, faced selling pressure during the week. ICICI Bank experienced the largest decline among losers, with its market capitalization dropping by Rs 45,364.62 crore to Rs 9,04,980.78 crore. State Bank of India followed suit, losing Rs 30,922.57 crore to settle at Rs 9,85,829.96 crore. HDFC Bank, the country’s largest private lender, also saw a decrease in valuation by Rs 20,951.31 crore to Rs 11,87,274.17 crore.
FMCG major Hindustan Unilever witnessed a decline of Rs 18,420.79 crore, bringing its market cap down to Rs 5,28,799.01 crore. Life Insurance Corporation of India (LIC) lost Rs 8,222.49 crore in valuation to Rs 5,04,798.07 crore, while Larsen & Toubro saw a marginal dip of Rs 178.83 crore to Rs 5,51,993.05 crore. Despite these fluctuations, Reliance Industries maintained its position as India’s most valued company, leading the list of top firms.
Experts analyzing the Nifty weekly outlook highlighted the resistance levels and key support zones for the market. They noted that the immediate resistance lies in the 24,300–24,400 range, considered a strong supply zone. To regain momentum, a sustained move above this band is necessary to target levels between 24,600–24,800. On the downside, 23,800 is a crucial support zone, with a potential break below signaling a path towards 23,600–23,400, acting as a demand area.
