The stock market witnessed a remarkable growth last week, with the collective market valuation of nine out of the ten leading firms surging by a staggering Rs 3,06,243.74 crore. This surge was largely driven by strong performances from ICICI Bank and Bharti Airtel, amid a positive equity market trend. The BSE benchmark index soared by 3,076.6 points, translating to a 4.16% increase, while the NSE Nifty gained 953.2 points, marking a 4.25% rise.
Major Gainers in the Market
- ICICI Bank saw the most significant increase, with its market capitalization rising by Rs 64,426.27 crore to reach Rs 9,47,628.46 crore.
- Bharti Airtel closely followed, with a gain of Rs 53,286.17 crore, bringing its total valuation to Rs 9,84,354.44 crore.
- HDFC Bank also performed well, adding Rs 49,105.12 crore and reaching a market cap of Rs 13,54,275.11 crore.
Other Notable Increases
The positive market sentiment didn’t stop there:
- Reliance Industries experienced a hike of Rs 39,311.54 crore, elevating its valuation to Rs 17,27,339.74 crore.
- Bajaj Finance climbed by Rs 30,953.71 crore, now valued at Rs 5,52,846.18 crore.
- Tata Consultancy Services (TCS) gained Rs 24,259.28 crore, pushing its market cap to Rs 12,95,058.25 crore.
Additional Market Movements
- The State Bank of India added Rs 22,534.67 crore, reaching a valuation of Rs 6,72,023.89 crore.
- Hindustan Unilever saw an increase of Rs 16,823.08 crore, bringing its market cap to Rs 5,28,058.89 crore.
- Infosys grew by Rs 5,543.9 crore, reaching a total valuation of Rs 6,61,364.38 crore.
However, it wasn’t all positive news. The market capitalization of ITC declined by Rs 7,570.64 crore, settling at Rs 5,07,796.04 crore.
Market Leader Rankings
Currently, Reliance Industries stands as the most valuable company in India, followed by:
- HDFC Bank
- TCS
- Bharti Airtel
- ICICI Bank
- State Bank of India
- Infosys
- Bajaj Finance
- Hindustan Unilever
- ITC
This week’s performance underscores the dynamic nature of the Indian stock market, highlighting key players that continue to shape its landscape. For investors looking to navigate this vibrant market, understanding these fluctuations is crucial for making informed decisions.
