The combined market capitalisation of eight of India's 10 most-valued companies rose by Rs 1.90 lakh crore last week, with ICICI Bank emerging as the biggest gainer as equities rallied, reported news agency PTI.
The gains came during a strong week for the markets, with the BSE Sensex climbing 1,284.61 points, or 1.73%, while the NSE Nifty advanced 256.2 points, or 1%.
"Indian equity markets ended a volatile week on a strong note, snapping a two-week losing streak amid improving global sentiment and supportive measures from the Reserve Bank of India (RBI) aimed at attracting foreign currency inflows," said Ajit Mishra, SVP, Research, Religare Broking Ltd.
Investor sentiment was also boosted by hopes of a potential US-Iran peace deal, which raised expectations of easing geopolitical tensions and stabilising energy markets, he added.
Top Gainers and Losers
Among the top-10 firms, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Larsen & Toubro and Hindustan Unilever posted gains, while Tata Consultancy Services (TCS) and Life Insurance Corporation of India (LIC) saw declines in market valuation.
ICICI Bank recorded the biggest increase, adding Rs 56,223 crore to take its market capitalisation to Rs 9,61,297.77 crore.
HDFC Bank's valuation rose by Rs 38,571.11 crore to Rs 11,89,314.42 crore, while State Bank of India gained Rs 36,137.87 crore, taking its valuation to Rs 9,38,661.50 crore.
Bajaj Finance added Rs 18,366.57 crore to reach Rs 5,71,947.54 crore, while Bharti Airtel's market value increased by Rs 14,380.14 crore to Rs 11,10,530.63 crore.
The valuation of Larsen & Toubro climbed Rs 13,241.39 crore to Rs 5,57,197.83 crore, while Hindustan Unilever added Rs 10,984.34 crore to reach Rs 5,09,285.65 crore.
Reliance Industries also saw its valuation rise by Rs 2,097.54 crore to Rs 17,49,418.94 crore.
On the other hand, TCS lost Rs 13,296.47 crore in market value, taking its valuation to Rs 7,82,049.62 crore. LIC's market capitalisation declined by Rs 822.25 crore to Rs 5,05,051.07 crore.
Market Capitalisation Changes of Top 10 Firms
| Company | Change in Market Cap (Rs crore) | New Market Cap (Rs crore) |
|---|---|---|
| ICICI Bank | +56,223 | 9,61,297.77 |
| HDFC Bank | +38,571.11 | 11,89,314.42 |
| State Bank of India | +36,137.87 | 9,38,661.50 |
| Bajaj Finance | +18,366.57 | 5,71,947.54 |
| Bharti Airtel | +14,380.14 | 11,10,530.63 |
| Larsen & Toubro | +13,241.39 | 5,57,197.83 |
| Hindustan Unilever | +10,984.34 | 5,09,285.65 |
| Reliance Industries | +2,097.54 | 17,49,418.94 |
| TCS | -13,296.47 | 7,82,049.62 |
| LIC | -822.25 | 5,05,051.07 |
Current Ranking of Most-Valued Companies
Reliance Industries retained its position as India's most-valued company, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.
The weekly rally reversed a two-week losing streak for Indian equities, supported by RBI measures to attract foreign currency inflows and optimism around global geopolitical developments. The combined gains of top firms reflect broad market participation, with financial stocks leading the charge.
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