Four major firms experienced a significant market valuation increase of over ₹93,000 crore last week, with HDFC Bank and Bharti Airtel leading the charge. According to reports from PTI and The Times of India, despite benchmark indices Sensex and Nifty dipping slightly and breaking their winning streak due to geopolitical tensions and escalating crude oil prices, the markets managed to recover some of those losses towards the end of the trading week. The combined market value of Reliance Industries, HDFC Bank, Bharti Airtel and LIC rose by ₹92,995.48 crore during the week, while the remaining six companies in the top-10 pack together lost ₹49,294.13 crore in valuation.
The BSE benchmark Sensex declined 194.52 points, or 0.25 per cent, and the NSE Nifty 50 dipped 63.95 points, or 0.26 per cent last week. As reported by PTI, Ajit Mishra, SVP-Research at Religare Broking, noted that "Markets ended the week marginally lower, snapping a four-week winning streak amid renewed geopolitical tensions in West Asia and volatility in crude oil prices." The markets started positively supported by easing crude prices, encouraging Q1 business updates, improving monsoon progress, and broad-based buying, but sentiment weakened during mid-week following escalating Iran-US tensions, triggering profit booking before benchmark indices recovered part of the losses during the final two trading sessions.
The gainers from the top-10 pack were Reliance Industries, HDFC Bank, Bharti Airtel and Life Insurance Corporation of India (LIC), while ICICI Bank, State Bank of India, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro and Hindustan Unilever faced a combined erosion of ₹49,294.13 crore from their valuation. According to PTI and The Times of India, HDFC Bank's market valuation surged ₹35,808.09 crore to ₹12,69,454.42 crore, the most among the top-10 firms, while Bharti Airtel's valuation jumped ₹34,896.92 crore to ₹11,98,774.22 crore. LIC added ₹16,065.5 crore, taking its valuation to ₹5,60,205.05 crore, while Reliance Industries' valuation climbed ₹6,224.97 crore to ₹17,71,206.33 crore and retained its position as India's most valuable listed company.
Several major companies experienced significant valuation declines during the week. As reported by PTI, Hindustan Unilever's market capitalisation dropped by ₹12,088.65 crore to ₹5,04,997.65 crore, while Larsen & Toubro's valuation declined by ₹11,040.23 crore to ₹5,42,938.40 crore. TCS's market cap diminished by ₹8,574.87 crore to ₹7,48,600.40 crore, and that of Bajaj Finance eroded by ₹7,813.58 crore to ₹6,35,327.78 crore. ICICI Bank's market capitalisation edged lower by ₹6,315.32 crore to ₹10,05,379.71 crore, while the valuation of State Bank of India dipped by ₹3,461.48 crore to ₹9,56,430.44 crore.
Despite the mixed performance, Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, LIC, Larsen & Toubro and Hindustan Unilever. According to PTI, LIC added ₹16,065.5 crore, taking its valuation to ₹5,60,205.05 crore, while Reliance Industries' valuation climbed ₹6,224.97 crore to ₹17,71,206.33 crore. Investor attention is now expected to shift decisively towards the Q1FY27 earnings season, with more than 140 companies scheduled to announce financial results over the coming week, including major IT companies, banking giants, and industrial firms.
