The combined market capitalization of six of India’s top-10 most valued companies increased by ₹63,478.46 crore last week, buoyed by gains in Larsen & Toubro (L&T) and State Bank of India (SBI), according to market data compiled from multiple sources.
L&T experienced the largest increase in market value, jumping ₹28,523.31 crore to reach ₹6,02,552.24 crore. SBI followed closely, adding ₹16,015.12 crore, bringing its total market capitalization to ₹11,22,581.56 crore. HDFC Bank, Life Insurance Corporation of India (LIC), Bajaj Finance, and Reliance Industries as well contributed to the overall gain.
HDFC Bank’s valuation rose by ₹9,617.56 crore, settling at ₹14,03,239.48 crore. LIC saw a more modest increase of ₹5,977.12 crore, reaching ₹5,52,203.92 crore. Bajaj Finance added ₹3,142.36 crore to its market cap, closing at ₹6,40,387 crore, while Reliance Industries gained ₹202.99 crore, ending the week at ₹19,21,678.78 crore.
However, not all of the top-10 firms saw positive movement. Bharti Airtel, ICICI Bank, Infosys, and Tata Consultancy Services (TCS) experienced declines in their market valuations. Bharti Airtel’s market capitalization fell by ₹15,338.66 crore to ₹11,27,705.37 crore. ICICI Bank’s valuation decreased by ₹14,632.10 crore, landing at ₹9,97,346.67 crore.
Infosys’ market cap declined by ₹6,791.58 crore to ₹5,48,496.14 crore, and TCS saw a decrease of ₹1,989.95 crore, finishing at ₹9,72,053.48 crore.
Despite the mixed performance, Reliance Industries remains the most valuable company in India, followed by HDFC Bank, Bharti Airtel, SBI, ICICI Bank, TCS, Bajaj Finance, L&T, LIC, and Infosys, according to current market standings.
The broader market context shows the 30-share BSE Sensex rose 187.95 points, or 0.22 per cent, over the past week.
