The total market value of five of India's ten most expensive companies increased by 1.54 trillion rupees last week, with Tata Consultancy Services (TCS) showing the largest growth.
The total market value of five of India's ten most expensive companies increased by 1.54 trillion rupees last week, with Tata Consultancy Services (TCS) showing the largest growth.
This growth occurred against a backdrop of an overall positive trend in the stock market. Last week, the BSE Sensex index rose by 582.06 points, which is 0.75 percent, and the NSE Nifty index increased by 127.4 points, or 0.52 percent.
According to Ajit Mishra, Senior Vice President of Research at Religare Broking Ltd, Indian stock markets ended the week on a stable note, continuing their recovery despite heightened geopolitical tensions, high crude oil prices, and persistent uncertainty regarding the global interest rate forecast. He noted that sentiment was supported by encouraging first-quarter earnings for the fiscal year 27 IT sector, as well as renewed interest in buying financial stocks and the resilience of domestic economic fundamentals.
Among the companies whose value increased were Reliance Industries, ICICI Bank, State Bank of India, Tata Consultancy Services (TCS), and Bajaj Finance. Meanwhile, the valuation of firms such as HDFC Bank, Bharti Airtel, Life Insurance Corporation of India (LIC), Larsen & Toubro, and Hindustan Unilever decreased.
TCS added 72,072.3 million rupees, bringing its market capitalization to 820,672.70 million rupees. The country's largest IT company reported a 4.61 percent rise in net profit for the June quarter, reaching 13,349 crore rupees, and forecasted improved demand, which had been affected by the crisis in West Asia, in the current quarter.
ICICI Bank's value increased by 29,062.06 million rupees, reaching 1,034,441.77 million rupees. Reliance Industries' market capitalization jumped by 23,884.93 million rupees, amounting to 1,795,091.26 million rupees. Bajaj Finance increased its capitalization by 21,946.5 million rupees, reaching 657,274.28 million rupees, and State Bank of India grew by 7,338.34 million rupees, reaching 963,768.78 million rupees.
However, Larsen & Toubro's market capitalization decreased by 18,097.72 million rupees, standing at 524,840.68 million rupees. LIC's value fell by 12,080.75 million rupees to 548,124.30 million rupees. Bharti Airtel lost 7,706.45 million rupees, and HDFC Bank slightly declined by 7,084.61 million rupees, reaching 1,262,369.81 million rupees. Hindustan Unilever's market capitalization dropped by 1,221.79 million rupees to 503,775.86 million rupees.
Reliance Industries remained the most valuable company, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, LIC, Larsen & Toubro, and Hindustan Unilever.
Last week, the market value of four of India's ten most valuable companies increased by nearly 93,000 crore rupees. HDFC Bank and Bharti Airtel led this growth, despite benchmark indices closing the week lower amid geopolitical tensions.
The aggregate market valuation of the four largest firms jumped by 92,995.48 crore rupees. The main beneficiaries were HDFC Bank and Bharti Airtel. Meanwhile, the BSE Sensex fell by 194.52 points, or 0.25 percent, and the NSE Nifty declined by 63.95 points, or 0.26 percent.
Ajit Mishra, SVP, Research at Religare Broking Ltd, noted that the markets closed with a slight decline, interrupting a four-week winning streak due to renewed geopolitical tensions in the Middle East and a sharp rise in crude oil prices. However, the start of the week was positive thanks to falling oil prices, encouraging first-quarter reports, improved monsoon progress, and broad buying.
Nevertheless, sentiment weakened mid-week following the escalation of tensions between Iran and the US, which triggered a sharp sell-off. After this, the benchmark indices managed to recover a significant portion of their losses over the last two trading sessions, Mishra added.
Among the top 10 companies that showed growth were Reliance Industries, HDFC Bank, Bharti Airtel, and Life Insurance Corporation of India (LIC). At the same time, ICICI Bank, State Bank of India, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Hindustan Unilever collectively lost 49,294.13 crore rupees in their valuation.
HDFC Bank's market value increased by 35,808.09 crore rupees, reaching 12,69,454.42 crore rupees, marking the largest gain among the top 10 companies. Similarly, Bharti Airtel's value grew by 34,896.92 crore rupees, amounting to 11,98,774.22 crore rupees. LIC added 16,065.5 crore rupees, bringing its valuation to 5,60,205.05 crore rupees, while Reliance Industries rose by 6,224.97 crore rupees, reaching 17,71,206.33 crore rupees.
However, Hindustan Unilever's market capitalization decreased by 12,088.65 crore rupees, settling at 5,04,997.65 crore rupees. Larsen & Toubro's value dropped by 11,040.23 crore rupees to 5,42,938.40 crore rupees. TCS's MCap decreased by 8,574.87 crore rupees to 7,48,600.40 crore rupees, and Bajaj Finance lost 7,813.58 crore rupees, falling to 6,35,327.78 crore rupees. ICICI Bank's MCap slightly decreased by 6,315.32 crore rupees to 10,05,379.71 crore rupees, while State Bank of India's value reduced by 3,461.48 crore rupees to 9,56,430.44 crore rupees.
Reliance Industries maintained its position as the most expensive company, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, LIC, Larsen & Toubro, and Hindustan Unilever.
