The combined market valuation of four of the top-10 most valued firms jumped ₹1.43 trillion last week, with State Bank of India emerging as the biggest gainer. According to reports from CNBC TV18, PTI, Business Standard, The Economic Times, The Hindu BusinessLine, and The Times of India, the BSE benchmark Sensex climbed 404.53 points, or 0.51 per cent, and the NSE Nifty went up by 187.05 points, or 0.76 per cent during the week. As noted by Ajit Mishra SVP, Research at Religare Broking Ltd, markets ended the week with modest gains despite heightened volatility as investors navigated the roll-out of the new Closing Auction Session (CAS) framework for F&O stocks, the Reserve Bank of India's monetary policy decision, and lingering geopolitical uncertainties.
From the top-10 pack, Reliance Industries, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro were the gainers, with SBI adding ₹63,922.03 crore to take its market valuation to ₹10,11,721.84 crore. According to CNBC TV18, PTI, Business Standard, The Economic Times, The Hindu BusinessLine, and The Times of India, the valuation of Reliance Industries jumped ₹32,816.4 crore to ₹18,01,925.19 crore, while TCS surged ₹31,875.35 crore to ₹8,87,770.13 crore. The market capitalisation of Larsen & Toubro climbed ₹14,637.76 crore to ₹5,56,482.45 crore.
Six firms from the top-10 faced a combined erosion of ₹1.23 trillion from their valuation. As reported by CNBC TV18, PTI, Business Standard, The Economic Times, The Hindu BusinessLine, and The Times of India, LIC tumbled ₹40,543.23 crore to ₹4,96,891.82 crore, while Bajaj Finance eroded by ₹37,168.96 crore to ₹6,73,648.55 crore. HDFC Bank dropped ₹24,183.16 crore to ₹11,27,967.47 crore, and ICICI Bank declined by ₹9,507.67 crore to ₹10,20,370.63 crore. Bharti Airtel eroded by ₹7,581.65 crore to ₹12,22,423.98 crore, and Hindustan Unilever dipped by ₹4,793.16 crore to ₹4,88,808.97 crore.
According to CNBC TV18, PTI, Business Standard, The Economic Times, The Hindu BusinessLine, and The Times of India, Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. The rankings reflect the significant valuation changes across the top-10 most valued firms during the reporting period, with SBI moving up in the rankings despite the overall market volatility. SBI ranked fifth, followed by TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever.
