Five Of Top 10 Firms Add ₹1.54 Trillion In Market Value; TCS Leads Weekly Gains

The combined market valuation of five of India's 10 most valued listed companies rose by ₹1.54 trillion last week, with Tata Consultancy Services (TCS) emerging as the biggest contributor as equity markets extended their gains.

Among the top-10 companies by market capitalisation, Reliance Industries, ICICI Bank, State Bank of India (SBI), TCS and Bajaj Finance registered gains.

In contrast, HDFC Bank, Bharti Airtel, Life Insurance Corporation of India (LIC), Larsen & Toubro (L&T) and Hindustan Unilever saw their valuations decline.

Note that the BSE Sensex advanced 582.06 points, or 0.75%, during the week, while the NSE Nifty climbed 127.4 points, or 0.52%.

TCS Posts Largest Increase

TCS added ₹72,072.3 crore to its market capitalisation, taking its overall valuation to ₹8,20,672.70 crore. The stock gained after the company reported a 4.61% increase in net profit for the quarter ended June at ₹13,349 crore. The company also indicated that demand, which was affected by the West Asia crisis, is expected to improve in the current quarter.

Market experts said investor sentiment remained supported by encouraging first-quarter earnings from the IT sector. They also pointed to renewed buying in financial stocks and the resilience of domestic economic indicators despite geopolitical tensions, elevated crude oil prices and uncertainty over global interest rates.

Financial Companies Also Gain

In the financial sector:

• ICICI Bank recorded the second-highest increase in market value, with its valuation rising by ₹29,062.06 crore to ₹10,34,441.77 crore.

• Bajaj Finance gained ₹21,946.5 crore, lifting its valuation to ₹6,57,274.28 crore.

• SBI also ended the week higher. Its market capitalisation increased by ₹7,338.34 crore to ₹9,63,768.78 crore.

Also, Reliance Industries added ₹23,884.93 crore, taking its market capitalisation to ₹17,95,091.26 crore.

L&T, LIC And HDFC Bank Lose Ground

L&T recorded the biggest decline in valuation among the top losers. Its market capitalisation fell by ₹18,097.72 crore to ₹5,24,840.68 crore. LIC lost ₹12,080.75 crore, taking its valuation to ₹5,48,124.30 crore.

Bharti Airtel's market value declined by ₹7,706.45 crore to ₹11,91,067.77 crore, while HDFC Bank shed ₹7,084.61 crore, ending the week with a valuation of ₹12,62,369.81 crore. Hindustan Unilever's market capitalisation slipped by ₹1,221.79 crore to ₹5,03,775.86 crore.

Most Valued Companies

Reliance Industries retained its position as India's most valuable listed company by market capitalisation. It was followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, LIC, Larsen & Toubro and Hindustan Unilever

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