Five of India's 10 most-valued companies collectively added Rs 1.54 lakh crore to their market capitalisation last week, according to Business Today. Tata Consultancy Services (TCS) emerged as the biggest gainer after reporting strong quarterly earnings that lifted investor sentiment amid a positive run in domestic equities. The benchmark BSE Sensex advanced 582.06 points (0.75%) during the week, while the NSE Nifty climbed 127.4 points (0.52%).
Quarterly Earnings Drive TCS Surge
TCS saw the sharpest jump in valuation, adding Rs 72,072.3 crore to take its market capitalisation to Rs 8,20,672.70 crore, as reported by Business Today. The country's largest IT services company reported a 4.61% rise in June-quarter net profit to Rs 13,349 crore and indicated that demand, temporarily impacted by the West Asia conflict, is expected to improve in the current quarter.
Broader Market Rally
"Indian equity markets ended the week on a firm footing, extending their recovery despite heightened geopolitical tensions, elevated crude oil prices, and persistent uncertainty surrounding the global interest-rate outlook," Ajit Mishra, SVP-Research at Religare Broking, told PTI, as cited by Business Today. He attributed the rally to encouraging first-quarter earnings from the IT sector, renewed buying in financial stocks and resilient domestic economic fundamentals.
Gainers and Losers
The following table summarises the weekly market capitalisation changes for the top-moving firms among India's 10 most-valued companies, based on Business Today data:
| Company | Weekly Market Cap Change (Rs crore) | Closing Market Cap (Rs crore) |
|---|---|---|
| TCS | +72,072.30 | 8,20,672.70 |
| ICICI Bank | +29,062.06 | 10,34,441.77 |
| Reliance Industries | +23,884.93 | 17,95,091.26 |
| Bajaj Finance | +21,946.50 | 6,57,274.28 |
| State Bank of India | +7,338.34 | 9,63,768.78 |
| Larsen & Toubro | -18,097.72 | 5,24,840.68 |
| Life Insurance Corporation (LIC) | -12,080.75 | — |
| Bharti Airtel | -7,706.45 | — |
| HDFC Bank | -7,084.61 | — |
| Hindustan Unilever | -1,221.79 | — |
At the end of the week, Reliance Industries remained India's most-valued company, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, LIC, Larsen & Toubro and Hindustan Unilever, according to Business Today.
Gold and Silver Under Pressure
Meanwhile, analysts expect gold and silver to remain under pressure this week as investors assess the impact of the escalating US-Iran conflict, elevated crude oil prices and a series of key global economic data releases. Market participants will closely monitor developments in the Middle East, US weekly jobless claims, flash Purchasing Managers' Index (PMI) data, along with monetary policy decisions and economic indicators from Europe and China for fresh cues on interest rates.
On the Multi Commodity Exchange (MCX), gold futures for August delivery fell Rs 2,572, or nearly 2%, to settle at Rs 1.40 lakh per 10 grams last week. Silver futures for September delivery also witnessed heavy selling, declining Rs 6,261, or 2.8%, to close at Rs 2.16 lakh per kg, as reported by Business Today.
In international markets, Comex gold futures declined $95 (2.3%) to settle at $4,018.8 per ounce, while silver dropped nearly $4 (6.4%) to $56.32 per ounce during the week.
For investors and equity analysts tracking Indian markets, the weekly gain underscores the importance of first-quarter earnings from the IT sector as a sentiment driver. The resilience of domestic fundamentals, alongside renewed buying in financials, provided a counterbalance to geopolitical uncertainties. Meanwhile, movements in gold and silver futures on the MCX and international markets reflect ongoing concerns about the US-Iran conflict and global economic data, which market participants will continue to monitor.
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