Market recap: Eight of top 10 firms add Rs 1.87 lakh cr in mcap; Airtel biggest gainer
Dalal Street ended the week in green, lifting the combined market value of eight of India’s top ten companies by Rs 1,87,497.45 crore in the past week. Bharti Airtel stood out as the biggest gainer during this period.The broader market remained upbeat, with the BSE Sensex advancing 943.29 points, or 1.21 per cent, and the NSE Nifty rising 302.95 points, or 1.25 per cent.“Markets ended the truncated week with notable gains, extending their uptrend for the second consecutive week, supported by easing geopolitical tensions and improving risk sentiment. Optimism surrounding a potential US–Iran peace agreement underpinned market confidence, while stable domestic fundamentals further aided momentum,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.Among individual companies, Bharti Airtel recorded the sharpest jump, with its valuation increasing by Rs 58,831.52 crore to Rs 11,25,125.21 crore. Life Insurance Corporation of India (LIC) followed, adding Rs 27,608.62 crore to reach Rs 5,32,691.31 crore.Tata Consultancy Services (TCS) saw its market capitalisation rise by Rs 20,731.64 crore to Rs 9,34,063.56 crore. Reliance Industries also posted gains of Rs 20,231.05 crore, taking its valuation to Rs 18,47,317.84 crore, while Larsen & Toubro climbed by Rs 18,577.91 crore to Rs 5,63,314.50 crore.ICICI Bank added Rs 18,266.82 crore to reach Rs 9,65,008.67 crore. State Bank of India’s valuation grew by Rs 12,599.79 crore to Rs 9,97,229.77 crore, and Infosys rose by Rs 10,650.1 crore to Rs 5,34,774.50 crore.Not all firms shared the gains. HDFC Bank’s market capitalisation declined by Rs 16,163.04 crore to Rs 12,31,315.53 crore, while Bajaj Finance fell by Rs 9,769.3 crore to Rs 5,65,437.17 crore.Reliance Industries continued to hold its position as the country’s most valued company. It was followed by HDFC Bank and Bharti Airtel, with State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Infosys and LIC completing the list.
