The combined market valuation of five of India's 10 most-valued companies rose by ₹1.54 trillion last week, with Tata Consultancy Services emerging as the biggest gainer. According to reports from The Times of India, this rally occurred alongside positive equity market performance, with the BSE Sensex climbing 582.06 points (0.75%) and the NSE Nifty gaining 127.4 points (0.52%). As per The Times of India, Indian equity markets ended the week on firm footing, extending their recovery despite heightened geopolitical tensions, elevated crude oil prices, and persistent uncertainty surrounding the global interest-rate outlook. Ajit Mishra SVP-Research at Religare Broking attributed the rally to encouraging first-quarter earnings from the IT sector, renewed buying in financial stocks and resilient domestic economic fundamentals.
TCS led the gains with an addition of ₹72,072.3 crore, bringing its total market valuation to ₹8,20,672.70 crore. As reported by The Times of India, ICICI Bank saw its valuation surge by ₹29,062.06 crore to ₹10,34,441.77 crore, while Reliance Industries jumped ₹23,884.93 crore to ₹17,95,091.26 crore. Bajaj Finance added ₹21,946.5 crore to reach ₹6,57,274.28 crore, and State Bank of India gained ₹7,338.34 crore to ₹9,63,768.78 crore. The country's largest IT services company reported a 4.61% increase in its June-quarter net profit to ₹13,349 crore and guided towards an improvement in demand impacted by the West Asia crisis, returning in the ongoing quarter.
According to Ajit Mishra SVP-Research at Religare Broking, as reported by The Times of India, sentiment remained supported by encouraging Q1 FY27 earnings from the IT sector as TCS closed with nearly 10% of weekly gains. The positive sentiment was supported by renewed buying interest in financial stocks and resilience in domestic economic fundamentals. The recovery was also aided by encouraging Q1 FY27 earnings from the IT sector, with TCS closing with nearly 10% of weekly gains. As per The Times of India, the strong IT earnings and renewed interest in financial stocks drove the overall market performance.
Several major companies experienced valuation erosion during the week. As reported by The Times of India, Larsen & Toubro saw its market capitalisation decline by ₹18,097.72 crore to ₹5,24,840.68 crore, witnessing the biggest erosion among all companies. LIC faced a decline of ₹12,080.75 crore to ₹5,48,124.30 crore, while Bharti Airtel lost ₹7,706.45 crore to ₹11,91,067.77 crore. HDFC Bank edged lower by ₹7,084.61 crore to ₹12,62,369.81 crore, and Hindustan Unilever saw its valuation dip by ₹1,221.79 crore to ₹5,03,775.86 crore.
Following the week's movements, Reliance Industries remains 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 The Times of India, TCS reported a 4.61% increase in its June-quarter net profit to ₹13,349 crore and guided towards an improvement in demand impacted by the West Asia crisis, returning in the ongoing quarter. The gains came as the benchmark BSE Sensex advanced 582.06 points (0.75%) during the week, while the NSE Nifty climbed 127.4 points (0.52%).
