Author: Aditya Pareek | EQMint | General News
The combined market valuation of eight of India’s top 10 most valued companies surged by ₹2,05,185.08 crore last week, with Bharti Airtel and Reliance Industries Ltd (RIL) emerging as the biggest contributors to the market rally.
After a brief phase of weakness, Indian markets witnessed a strong rebound. The BSE Sensex gained 1,346.5 points (1.62%), closing the week on a firm note, while the NSE Nifty advanced 417.75 points (1.64%), reflecting broad-based optimism among investors.
Bharti Airtel and Reliance Industries Lead the Surge
Telecom major Bharti Airtel recorded the highest weekly gain among the top companies, with its market capitalisation (mcap) soaring by ₹55,652.54 crore to reach ₹11,96,700.84 crore.
Following closely, Reliance Industries, India’s most valued company, saw its market valuation jump by ₹54,941.84 crore, bringing its total market cap to ₹20,55,379.61 crore.
The strong performance of these bellwether companies reflected renewed investor confidence in the energy and telecom sectors, both of which have shown resilience amid global market volatility.
TCS, ICICI Bank, SBI Among Major Gainers
Technology and banking giants also added significant value during the week.
- Tata Consultancy Services (TCS) saw its market capitalisation zoom by ₹40,757.75 crore to ₹11,23,416.17 crore, driven by renewed buying interest in IT stocks.
- ICICI Bank gained ₹20,834.35 crore, taking its valuation to ₹9,80,374.43 crore, supported by strong quarterly performance and stable credit growth.
- State Bank of India (SBI) added ₹10,522.9 crore, pushing its market cap to ₹8,92,923.79 crore, while Infosys rose by ₹10,448.32 crore to reach ₹6,24,198.80 crore.
The banking sector, in particular, benefited from improved loan growth visibility and a positive interest rate outlook, contributing to the broader market momentum.
HDFC Bank and Hindustan Unilever See Modest Gains
Private sector lender HDFC Bank, India’s second most valuable company, added ₹9,149.13 crore, taking its market capitalisation to ₹15,20,524.34 crore. The bank’s consistent performance and strong retail presence continue to make it a cornerstone of institutional portfolios.
Meanwhile, consumer goods leader Hindustan Unilever Ltd (HUL) saw its valuation climb by ₹2,878.25 crore, reaching ₹5,70,187.06 crore, buoyed by steady demand in the FMCG segment and positive rural recovery trends.
Bajaj Finance and LIC Decline in an Otherwise Positive Week
Despite the overall bullish sentiment, two companies from the top 10 list posted losses in market capitalisation.
- Bajaj Finance witnessed a decline of ₹30,147.94 crore, bringing its mcap down to ₹6,33,573.38 crore. The stock faced mild pressure following concerns over high valuations and rising competition in consumer lending.
- Life Insurance Corporation of India (LIC) saw its market value drop by ₹9,266.12 crore to ₹5,75,100.42 crore, reflecting muted investor sentiment amid a volatile insurance sector outlook.
Both firms, however, remain among India’s top 10 in terms of valuation, underscoring their long-term strength despite short-term corrections.
Reliance Industries Retains Top Spot
Reliance Industries Ltd continued to hold its position as India’s most valued company, followed by HDFC Bank, Bharti Airtel, Tata Consultancy Services, and ICICI Bank.
The top 10 most valued companies by market capitalisation at the end of the week were:
- Reliance Industries Ltd
- HDFC Bank
- Bharti Airtel
- Tata Consultancy Services (TCS)
- ICICI Bank
- State Bank of India (SBI)
- Bajaj Finance
- Infosys
- Life Insurance Corporation of India (LIC)
- Hindustan Unilever Ltd (HUL)
Together, these corporate heavyweights represent the core of India’s equity market strength, influencing overall investor sentiment and index performance.
Market Outlook: Bullish Momentum May Continue
Analysts believe the upward trajectory could continue in the near term, supported by positive domestic macroeconomic indicators, strong institutional inflows, and steady earnings growth.
“Indian equities are showing signs of consolidation with strength,” said a market strategist. “The rebound in large-cap stocks indicates that investors are returning to quality names after recent corrections.”
With global uncertainties easing and corporate earnings showing resilience, market watchers expect the Sensex and Nifty to maintain a bullish bias in the coming sessions — although intermittent volatility remains likely due to global cues.
Conclusion: Large-Cap Resilience Drives Market Gains
The week’s rally reaffirmed the dominance of large-cap companies in driving India’s stock market momentum. While midcaps and smallcaps have shown mixed trends, the performance of blue-chip firms like Reliance, Bharti Airtel, TCS, and ICICI Bank continues to anchor market stability.
As India’s equity landscape grows stronger amid global economic transitions, investor focus appears to be shifting back to value-driven large caps with proven fundamentals and growth visibility.
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Disclaimer: This article is based on information available from public sources. It has not been reported by EQMint journalists. EQMint has compiled and presented the content for informational purposes only and does not guarantee its accuracy or completeness. Readers are advised to verify details independently before relying on them.
