 |
|
The Indian stock market experienced a surge last week, with the BSE Sensex soaring by 1.57%. This positive trend was driven by significant gains in the market capitalization of several major companies, particularly in the telecom and IT sectors. Bharti Airtel, Infosys, and Tata Consultancy Services (TCS) emerged as the top performers, adding billions of rupees to their market values.
Bharti Airtel's market capitalization climbed by a substantial Rs 47,194.86 crore, reaching a total of Rs 9,04,587.12 crore. Infosys saw its market cap increase by Rs 33,611.37 crore, settling at Rs 8,06,880.50 crore, while TCS experienced a jump of Rs 31,784.9 crore, bringing its total market cap to Rs 16,46,899.17 crore. These three companies alone contributed a significant portion of the overall market gains.
Other prominent players also saw their market capitalizations rise. ICICI Bank gained Rs 18,734.3 crore, reaching a market cap of Rs 8,66,374.41 crore, and Reliance Industries added Rs 13,396.42 crore, bringing its total to Rs 20,43,107.10 crore. HDFC Bank experienced a more modest gain of Rs 5,600.24 crore, settling at Rs 12,44,206.43 crore. The Life Insurance Corporation of India (LIC) also rose by Rs 2,340.25 crore, reaching a market cap of Rs 6,73,390.88 crore, while State Bank of India saw a smaller increase of Rs 356.98 crore, ending the week at Rs 7,27,935.97 crore.
However, not all sectors experienced growth. The Fast-Moving Consumer Goods (FMCG) sector witnessed a downturn, with Hindustan Unilever and ITC suffering notable losses. Hindustan Unilever's market cap declined by Rs 8,411.54 crore, settling at Rs 6,52,739.95 crore, while ITC saw a drop of Rs 4,776.48 crore, reaching a market cap of Rs 6,27,587.76 crore.
Despite these fluctuations, Reliance Industries remains the most valued company in India, holding the top spot with a market cap exceeding Rs 20 trillion. It is followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, LIC, Hindustan Unilever, and ITC. These top ten companies represent a significant portion of the Indian stock market's overall value.
Source: Market cap tracker: Bharti Airtel, Infosys, TCS gain most among Top 10 firms; FMCG stocks lose sheen