The combined market capitalisation of eight of India’s ten most valued companies surged by Rs 1.87 lakh crore last week, led by a sharp rally in Bharti Airtel amid an overall positive trend in equities.
During the holiday-shortened week, benchmark indices posted strong gains. The BSE Sensex climbed 943.29 points (1.21 per cent), while the NSE Nifty rose 302.95 points (1.25 per cent).
“Markets ended the truncated week on a strong note, marking a second consecutive week of gains, supported by easing geopolitical concerns and improved risk sentiment. Hopes of a potential US–Iran peace agreement boosted investor confidence, while steady domestic fundamentals added to the momentum,” said Ajit Mishra, SVP (Research), Religare Broking Ltd.
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Among the top performers, Bharti Airtel emerged as the biggest gainer, with its market valuation rising by Rs 58,831.52 crore to Rs 11,25,125.21 crore.
Life Insurance Corporation of India also recorded notable gains, adding Rs 27,608.62 crore to reach Rs 5,32,691.31 crore. Tata Consultancy Services saw its valuation increase by Rs 20,731.64 crore to Rs 9,34,063.56 crore.
Other major gainers included Reliance Industries, which added Rs 20,231.05 crore to reach Rs 18,47,317.84 crore. Larsen & Toubro rose by Rs 18,577.91 crore to Rs 5,63,314.50 crore, while ICICI Bank gained Rs 18,266.82 crore, taking its valuation to Rs 9,65,008.67 crore.
State Bank of India added Rs 12,599.79 crore to reach Rs 9,97,229.77 crore, and Infosys advanced by Rs 10,650.1 crore to Rs 5,34,774.50 crore.
However, not all firms participated in the rally. HDFC Bank saw its valuation decline by Rs 16,163.04 crore to Rs 12,31,315.53 crore, while Bajaj Finance dropped Rs 9,769.3 crore to Rs 5,65,437.17 crore.
Despite the mixed performance, Reliance Industries retained its position as India’s most valued company, followed by HDFC Bank and Bharti Airtel.
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