Eight Of Top-10 Firms Add ₹1.90 Trillion In Market Value As ICICI Bank Leads Gains
· Free Press Journal
The combined market valuation of eight of the top-10 most valued companies surged by ₹1.90 trillion last week, supported by a strong rally in equities, with ICICI Bank emerging as the biggest gainer.
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The broader market also strengthened, with the BSE Sensex rising 1,284.61 points (1.73%) and the NSE Nifty advancing 256.2 points (1%).
According to market experts, Indian equities ended a volatile week on a positive note, snapping a two-week losing streak.
Improved global sentiment, along with supportive measures from the Reserve Bank of India aimed at boosting foreign currency inflows, contributed to the rebound.
Top-10 Firms Lose ₹1.25 Lakh Crore In Market Value, Reliance Alone Sees ₹39,718 Crore Erosion During Weak WeekInvestor confidence was further lifted by optimism over a potential US–Iran peace agreement, which raised hopes of easing geopolitical tensions and stabilising energy prices.
Among the top-10 listed firms, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Larsen & Toubro, and Hindustan Unilever recorded gains. In contrast, Tata Consultancy Services (TCS) and Life Insurance Corporation of India (LIC) saw a decline in their market capitalisation.
ICICI Bank led the gains by adding ₹56,223 crore, taking its total valuation to ₹9,61,297.77 crore. HDFC Bank’s market cap rose by ₹38,571.11 crore to ₹11,89,314.42 crore, while State Bank of India added ₹36,137.87 crore to reach ₹9,38,661.50 crore.
Bajaj Finance gained ₹18,366.57 crore, Bharti Airtel rose ₹14,380.14 crore, Larsen & Toubro increased ₹13,241.39 crore, and Hindustan Unilever added ₹10,984.34 crore. Reliance Industries saw a modest gain of ₹2,097.54 crore, maintaining its position as the most valued firm in India.
On the losing side, TCS’s valuation fell by ₹13,296.47 crore, while LIC’s market cap declined by ₹822.25 crore.
As a result, Reliance Industries retained its top position, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever, and LIC in the overall rankings of India’s most valued companies.