India's top six listed firms collectively contributed Rs 88,678.1 crore to market cap in the trading week which was shortened due to the holidays, with ICICI Bank making the biggest contribution to the market wealth. The gains were despite the fact that four of the top-10 companies saw market valuations fall.
Key Highlights
- In the last trading week, the market capitalisation of six of the top 10 listed companies in India rose by Rs 88,678 crore.
- ICICI Bank was the top gainer while Bharti Airtel had the steepest market value fall.
The domestic stock market closed on a positive note on the week. The BSE Sensex rose 297.57 points (0.38%) while the NSE Nifty, which had been in a downward trend, advanced 42.9 points (0.17%) on the back of a pullback in crude oil prices, better geopolitical news from West Asia and selective buying by foreign institutional investors (FIIs).
ICICI Bank leads the Weekly Gainers
ICICI Bank had the maximum rise in market cap among the top listed companies in the country, increasing its market cap by Rs 29,588.75 crore making its total valuation at Rs 9.96 lakh crore.
Other big risers of the week were:
- HDFC Bank: +₹24,718.3 crore
- Reliance Industries: +₹12,043.96 crore
- Bajaj Finance: +₹11,580.28 crore
- State Bank of India: +₹9,322.93 crore
- Larsen & Toubro: +₹1,423.88 crore
Also Read: India Loses Global Top 100 Market Cap Spot Amid Equity Slide
Bharti Airtel Leads Market Value Declines
While four of the top 10 most valuable companies gained market value, four others reversed the trend and lost market value during the week.
Bharti Airtel was the worst performer with its valuation getting reduced by Rs 35,615.21 crore. Other companies that saw drops include:
- State Bank of India (SBI): -Rs 21,188.74 crore
- Tata Consultancy Services (TCS): -Rs 11,143.71 crore
- Hindustan Copper: -Rs 313.26 crore
Reliance Retains India's Most Valuable Company Tag
The weekly swings did not affect the rankings of firms, with Reliance Industries remaining the top most valuable listed company in India followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever.
The latest trading week reflected the resilience of India's equity markets, with gains in banking and financial stocks offsetting losses in select heavyweight companies. As easing global uncertainties, stable crude oil prices, and sustained investor confidence continue to support market sentiment, the performance of the country's most valuable firms will remain a key indicator of the broader market's direction in the weeks ahead.
