Synopsis
Over the past week, Indian stock markets have flourished, with a remarkable increase of Rs 1 lakh crore in the combined market valuation of six major companies. The rise was largely attributed to Bharti Airtel and Bajaj Finance, which capitalized on favorable stock market trends and robust domestic economic signals. Although a few high-profile companies faced valuation declines, overall market sentiment remained positive, supported by optimism surrounding global monetary policies.
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PTIThe combined market valuation of 6 of the 10 most valuable companies jumped by Rs 1 lakh crore last week, with Bharti Airtel And Bajaj Finance emerge as the biggest winners, amid a largely positive trend in stocks.
Last week, the benchmark BSE Sensex rose 663.44 points, or 0.86 percent, and the NSE Nifty rose 214.85 points, or 0.89 percent.
Markets ended the week on strong footing, supported by resilient domestic macroeconomic indicators, healthy GST collections and improving industrial activity, said Ajit Mishra, senior vice president of research at Religare Broking Ltd.
“Expectations for a more accommodative global monetary policy following weaker-than-expected US labor market data have further strengthened. investor sentiment”, he added.
The stock market valuation of Bharti Airtel jumped from Rs 36,529.21 crore to Rs 11,63,877.30 crore, the highest among the top 10 companies.
Bajaj Finance added Rs 33,059.83 crore, taking its valuation to Rs 6,43,141.36 crore.
ICICI BankThe valuation of jumped from Rs 16,084.29 crore to Rs 10,11,695.03 crore, and that of Life Insurance Company of India (LIC) rose by Rs 8,601.99 crore to Rs 5,44,139.55 crore.
The market capitalization (mcap) of HDFC Bank rallied Rs 7,664.89 crore to Rs 12,33,646.33 crore, and that of Hindustan Unilever increased slightly by Rs 6,461.38 crore to Rs 5,17,086.30 crore.
However, Larsen & Toubro’s mcap fell by Rs 26,572.2 crore to Rs 5,53,978.63 crore.
The mcap of Trusted Industries eroded from Rs 18,945.56 crore to Rs 17,64,981.36 crore, and that of State Bank of India (SBI) declined by Rs 4,846.08 crore to Rs 9,59,891.92 crore.
The stock market valuation of Tata Consulting Services (TCS) fell by Rs 1,031.15 crore to Rs 7,57,175.27 crore.
Reliance Industries remained the most valuable company in the country, followed by HDFC Bank, Bharti Airtel, ICICI Bank, SBI, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever.
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Most trending stocks: SBI share price, Axis Bank share price, HDFC Bank share price, Infosys share price, Wipro stock price, NTPC stock price
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(What’s moving Sensex And Clever Track latest market news, stock market advice, Budget 2025, Equity market on the 2025 budget And expert adviceon AND Markets. Additionally, ETMarkets.com is now on Telegram. For the fastest news alerts on financial markets, investment strategies and stock market alerts, subscribe to our Telegram feeds .)
Subscribe to AND Bonus and read it Electronic document on economic times Online.and Sensex today.
Most trending stocks: SBI share price, Axis Bank share price, HDFC Bank share price, Infosys share price, Wipro stock price, NTPC stock price
…moreless
