Reliance:The Indian stock market witnessed a wave of optimism last week, lifting the fortunes of the country’s most valued companies. With the BSE benchmark climbing over 700 points, eight of the top 10 listed firms recorded significant gains in their market capitalisation, adding a combined ₹1.72 lakh crore. Reliance Industries emerged as the biggest winner, reaffirming its place as India’s most valued company.
A Bullish Week for Indian Equities
The rally in domestic equities brought cheer to investors as major companies across sectors witnessed healthy growth in valuations. Reliance Industries added a massive ₹48,107.94 crore to its market value, which now stands at an impressive ₹19,07,131.37 crore. This surge further widened its lead at the top of India’s corporate giants.
Bharti Airtel and Hindustan Unilever were also big gainers, with their market caps swelling by ₹33,899.02 crore and ₹34,280.54 crore respectively. Bajaj Finance, Infosys, and TCS followed suit, each adding strong numbers to their valuations. ICICI Bank and LIC also ended the week in positive territory, although with relatively modest increases.
Losses for HDFC Bank and SBI
Amidst the upbeat mood, two banking heavyweights faced erosion in their market value. HDFC Bank’s market capitalisation fell by ₹20,040.7 crore, bringing it down to ₹15,08,346.39 crore, while State Bank of India lost ₹9,784.46 crore, settling at ₹7,53,310.70 crore. Despite the dip, both banks remain firmly among India’s most valued firms.
Reliance Retains Its Crown
By the end of the week, Reliance Industries maintained its dominance at the top, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Hindustan Unilever, LIC, and Bajaj Finance. The performance highlights not just the resilience of these companies, but also the renewed confidence investors are placing in India’s economic growth.
Disclaimer: This article is based on publicly available market data and company valuations. Figures mentioned are subject to change with daily stock market movements. Investors are advised to exercise caution and consult financial experts before making investment decisions.
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