Indian equity markets ended the previous week on a higher note, with four of the country's 10 most valued companies adding a combined Rs 1.43 lakh crore to their market valuation, according to Business Today. State Bank of India (SBI) was the biggest beneficiary, seeing its market capitalisation rise by Rs 63,922.03 crore during the week to Rs 10,11,721.84 crore.
Top gainers among India's 10 most valued firms
SBI was followed by Reliance Industries, Tata Consultancy Services (TCS) and Larsen & Toubro among the week's gainers. According to Business Today:
- Reliance Industries added Rs 32,816.4 crore to its valuation, taking it to Rs 18,01,925.19 crore.
- TCS recorded an increase of Rs 31,875.35 crore, with its market capitalisation reaching Rs 8,87,770.13 crore.
- Larsen & Toubro's valuation rose by Rs 14,637.76 crore to Rs 5,56,482.45 crore.
The overall market ended the week higher as well. The BSE Sensex gained 404.53 points, or 0.51 per cent, while the NSE Nifty advanced 187.05 points, or 0.76 per cent.
Volatility, RBI and new F&O framework in focus
"Markets ended the week with modest gains despite heightened volatility, as investors navigated the roll-out of the new Closing Auction Session (CAS) framework for F&O stocks, the Reserve Bank of India's monetary policy decision, and lingering geopolitical uncertainties," Ajit Mishra, SVP, Research, Religare Broking Ltd, told PTI.
Laggards: Six firms lose Rs 1.23 lakh crore
The gains of the four companies were offset to some extent by losses among the other six firms in the top-10 list. Bharti Airtel, HDFC Bank, ICICI Bank, Bajaj Finance, Life Insurance Corporation of India (LIC) and Hindustan Unilever together saw Rs 1.23 lakh crore wiped off their market value, Business Today reported.
- LIC registered the largest decline, with its valuation falling Rs 40,543.23 crore to Rs 4,96,891.82 crore.
- Bajaj Finance lost Rs 37,168.96 crore, ending at Rs 6,73,648.55 crore.
- HDFC Bank's market capitalisation declined by Rs 24,183.16 crore to Rs 11,27,967.47 crore.
- ICICI Bank shed Rs 9,507.67 crore, taking its valuation to Rs 10,20,370.63 crore.
- Bharti Airtel lost Rs 7,581.65 crore, leaving its valuation at Rs 12,22,423.98 crore.
- Hindustan Unilever's market capitalisation fell Rs 4,793.16 crore to Rs 4,88,808.97 crore.
Top-10 market capitalisation moves
| Company | Weekly change in market capitalisation | New market capitalisation |
|---|---|---|
| Reliance Industries | +Rs 32,816.40 crore | Rs 18,01,925.19 crore |
| Bharti Airtel | -Rs 7,581.65 crore | Rs 12,22,423.98 crore |
| HDFC Bank | -Rs 24,183.16 crore | Rs 11,27,967.47 crore |
| ICICI Bank | -Rs 9,507.67 crore | Rs 10,20,370.63 crore |
| State Bank of India | +Rs 63,922.03 crore | Rs 10,11,721.84 crore |
| TCS | +Rs 31,875.35 crore | Rs 8,87,770.13 crore |
| Bajaj Finance | -Rs 37,168.96 crore | Rs 6,73,648.55 crore |
| Larsen & Toubro | +Rs 14,637.76 crore | Rs 5,56,482.45 crore |
| LIC | -Rs 40,543.23 crore | Rs 4,96,891.82 crore |
| Hindustan Unilever | -Rs 4,793.16 crore | Rs 4,88,808.97 crore |
Ranking of most valued companies
Despite the weekly movements, Reliance Industries retained its spot as the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever, according to Business Today.
The weekly data shows the top-10 group's aggregate valuation remained under pressure from losses in six constituents, even as SBI's Rs 63,922.03 crore gain and Reliance's Rs 32,816.4 crore gain provided the largest offsets. For investors tracking India's benchmark-heavy large-cap names, the week's movement in the BSE Sensex of 404.53 points and the NSE Nifty's 187.05-point advance set the broad market tone while stock-specific flows drove divergence within the top-10 list.
Sources:
