Dalal Street ended the week in the green, raising the combined market capitalization of eight of India’s top ten companies by Rs 1,87,497.45 crore in the last week. Bharti Airtel emerged as the biggest gainer during this period.The broader market remained upbeat, with the BSE Sensex rising 943.29 points, or 1.21 per cent, and the NSE Nifty rising 302.95 points, or 1.25 per cent.Ajit Mishra, Senior Vice President, Research, Religare Broking Ltd, said, “Markets ended the break week with notable gains, continuing their upward trend for the second straight week, supported by easing geopolitical tensions and improving risk appetite. Optimism surrounding a potential US-Iran peace agreement boosted market confidence, while stable domestic fundamentals helped add momentum.”Among individual companies, Bharti Airtel registered the biggest jump, with its valuation rising by Rs 58,831.52 crore to Rs 11,25,125.21 crore. Life Insurance Corporation of India (LIC) followed by adding Rs 27,608.62 crore to reach Rs 5,32,691.31 crore.Tata Consultancy Services (TCS) saw its market capitalization rise by Rs 20,731.64 crore to Rs 9,34,063.56 crore. Reliance Industries also posted a gain of Rs 20,231.05 crore, taking its valuation to Rs 18,47,317.84 crore, while Larsen & Toubro rose by Rs 18,577.91 crore to Rs 5,63,314.50 crore.
ICICI Bank added Rs 18,266.82 crore to reach Rs 9,65,008.67 crore. State Bank of India’s valuation rose by Rs 12,599.79 crore to Rs 9,97,229.77 crore and Infosys’ valuation rose by Rs 10,650.1 crore to Rs 5,34,774.50 crore.Not all companies shared the gains. HDFC Bank’s market cap fell by Rs 16,163.04 crore to Rs 12,31,315.53 crore, while Bajaj Finance fell by Rs 9,769.3 crore to Rs 5,65,437.17 crore.Reliance Industries continued to retain its position as the country’s most valuable company. It was followed by HDFC Bank and Bharti Airtel, with State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Infosys and LIC completing the list.