The combined market valuation of nine of the top-10 most valued firms jumped by ₹2.15 lakh crore last week, with Bharti Airtel emerging as the biggest winner, in line with improving global risk sentiment.
Last week, the jumped 1,274.95 points, or 1.68 per cent.
“Indian equity markets extended their recovery during the week, supported by easing geopolitical concerns, softer crude oil prices, and improving global risk sentiment. Although negotiations remain ongoing and the agreement is yet to be fully implemented, the reduction in geopolitical uncertainty has significantly improved market sentiment,” Ponmudi R, CEO – Enrich Money, an online trading and wealth tech firm, said.
The market valuation of Bharti Airtel surged by ₹52,432.67 crore to ₹11,62,963.30 crore, the most among the top-10 firms.
Life Insurance Corporation of India (LIC) added ₹51,675.23 crore, taking its valuation to ₹5,56,726.30 crore.
The valuation of Bajaj Finance soared by ₹26,553.71 crore to ₹5,98,501.25 crore, and that of Reliance Industries jumped by ₹22,464.02 crore to ₹17,71,882.96 crore.
The market capitalisation (mcap) of Larsen & Toubro climbed ₹21,929.12 crore to ₹5,79,126.95 crore, and that of State Bank of India rallied ₹16,753.57 crore to ₹9,55,415.07 crore.
HDFC Bank’s mcap edged higher by ₹11,948.72 crore to ₹12,01,263.14 crore, and that of Hindustan Unilever advanced by ₹6,661.1 crore to ₹5,15,946.75 crore.
The valuation of ICICI Bank rose by ₹4,724.22 crore to ₹9,66,021.99 crore.
However, the market value of TCS declined by ₹12,699.49 crore to ₹7,69,350.13 crore.
Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever.