Top Firms Add ₹1.43 Lakh Crore In Market Value, SBI Emerges As Biggest Weekly Gainer

Mumbai witnessed a surge in the market capitalization of India's top ten most valuable companies last week, with State Bank of India (SBI) emerging as the biggest gainer. The combined market value of these firms increased by ₹1.43 lakh crore, despite volatility caused by policy announcements and geopolitical concerns. SBI's market capitalization climbed by ₹63,922.03 crore to reach ₹10,11,721.84 crore, making it the top performer among the group.

Reliance Industries followed closely, adding ₹32,816.4 crore to its valuation, now standing at ₹18,01,925.19 crore. Tata Consultancy Services (TCS) and Larsen & Toubro also experienced growth, with gains of ₹31,875.35 crore and ₹14,637.76 crore respectively. However, not all companies benefited from the rise: six firms, including Bharti Airtel, HDFC Bank, ICICI Bank, Bajaj Finance, LIC, and Hindustan Unilever, suffered losses amounting to ₹1.23 lakh crore collectively.

LIC saw the steepest decline, with its market value dropping by ₹40,543.23 crore to ₹4,96,891.82 crore. Foreign investors showed increased interest in Indian equities, driven by a stronger GDP outlook and improved earnings expectations. The BSE Sensex rose by 404.53 points (0.51%), while the NSE Nifty increased by 187.05 points (0.76%).

Investors navigated the challenges posed by the new Closing Auction Session for futures and options (F&O) stocks, the Reserve Bank of India's monetary policy decision, and geopolitical uncertainties. The government and the Securities and Exchange Board of India (Sebi) met with foreign investors to promote foreign institutional investor (FII) inflows, advocating for tax relief on long-term capital gains and more streamlined regulations.