Top Indian Firms Add Rs 1.28 Lakh Crore in Market Value
Seven of India’s top-10 most valued companies saw their combined market valuation surge by over Rs 1.28 lakh crore last week, driven by strong gains in domestic equities. The rally was supported by upbeat market sentiment as the Sensex gained 669 points and Nifty50 rose 0.61%.
Key Takeaways
- Seven top firms added Rs 1.28 lakh crore in market value
- Bharti Airtel led gainers with Rs 36,579 crore surge
- Reliance Industries remains India’s most valued company
- Three companies including Bajaj Finance saw value erosion
Major Gainers in Market Capitalisation
Bharti Airtel witnessed the biggest jump, with valuation rising by Rs 36,579.01 crore to Rs 12,33,279.85 crore. Infosys added Rs 17,490.03 crore, reaching Rs 6,41,688.83 crore, while Tata Consultancy Services (TCS) gained Rs 16,299.49 crore to Rs 11,39,715.66 crore.
Banking and FMCG Sector Performance
Banking majors contributed significantly to the gains. HDFC Bank rose by Rs 14,608.22 crore to Rs 15,35,132.56 crore, while State Bank of India increased by Rs 4,846.08 crore to Rs 8,97,769.87 crore. In the FMCG sector, Hindustan Unilever saw its market capitalisation jump by Rs 1,785.69 crore to Rs 5,71,972.75 crore.
Companies That Lost Value
Not all top companies shared the positive momentum. Bajaj Finance was the biggest loser, with valuation tumbling Rs 8,244.79 crore to Rs 6,25,328.59 crore. Life Insurance Corporation of India (LIC) lost Rs 4,522.38 crore to slip to Rs 5,70,578.04 crore, while ICICI Bank witnessed a marginal erosion of Rs 1,248.08 crore.
Current Market Ranking
Reliance Industries maintained its position as India’s most valued company, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and LIC.
