Business

TCS and SBI Drive Market Surge as Seven of the Top Ten Companies Add ₹2.1 Lakh Crore in Value

Published

11 months ago

March 11, 2025

Last week, the combined market capitalization of seven of the top ten most valuable companies in India rose significantly by Rs 2,10,254.96 crore. Tata Consultancy Services (TCS) and State Bank of India (SBI) were among the primary beneficiaries as the stock market demonstrated robust momentum.

During this period, the 30-share Sensex increased by 1,134.48 points, or 1.55%, while the Nifty climbed 427.8 points, or 1.93%. This positive trend contributed to a notable rise in the market capitalisation of several major corporations.

TCS experienced a significant surge in its market value, adding Rs 46,094.44 crore to reach a total of Rs 13,06,599.95 crore, thus reclaiming its status as the second most valuable company in India. SBI’s market capitalisation surged by Rs 39,714.56 crore, elevating it to Rs 6,53,951.53 crore. Meanwhile, Bharti Airtel also witnessed strong growth, with its valuation increasing by Rs 35,276.3 crore to Rs 9,30,269.97 crore.

Additionally, ITC saw its market value rise by Rs 11,425.77 crore, bringing its total to Rs 5,05,293.34 crore. ICICI Bank experienced an increase of Rs 7,939.13 crore, resulting in a market capitalisation of Rs 8,57,743.03 crore, while Hindustan Unilever added Rs 2,819.51 crore to reach a market value of Rs 5,17,802.92 crore.

On the downside, some companies faced declines last week. HDFC Bank’s market valuation fell by Rs 31,832.92 crore to Rs 12,92,578.39 crore. Bajaj Finance experienced a decrease of Rs 8,535.74 crore, lowering its total valuation to Rs 5,20,981.25 crore, and Infosys saw a minor dip of Rs 955.12 crore to a market value of Rs 7,00,047.10 crore.

By the week’s end, the leading companies in terms of market value comprised TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, Bajaj Finance, Hindustan Unilever, and ITC.

Experts suggest that Indian equity benchmark indices will be influenced by a variety of domestic and international factors, including retail inflation data, Foreign Institutional Investor (FII) activity, fluctuations between the dollar and rupee, and US President Donald Trump’s tariff policies.

Business

India May Buy More Oil From Venezuela Instead of Russia

Published

1 week ago

January 31, 2026

Namma Kudla

Business : The United States has told India that it can soon resume buying oil from Venezuela.The suggestion is part of a U.S. effort to reduce India’s dependence on Russian crude oil.

This pitch comes as India plans to cut Russian oil imports by several hundred thousand barrels per day in the coming months. Under the Trump administration, the United States had imposed a 25 % tariff on countries that bought Venezuelan oil, including India.

Now, the U.S. wants India to resume Venezuelan oil purchases to help diversify India’s energy sources. The United States is also trying to reshape energy ties with India as part of broader diplomatic engagement.

Venezuela’s interim president Delcy Rodríguez said she agreed with India on energy cooperation in a recent phone call with Prime Minister Narendra Modi. PM Modi said both sides agreed to deepen their partnership and expand cooperation in all areas.

Venezuela has the world’s largest proven oil reserves. Recently, Venezuela opened its oil sector to private investment to attract foreign capital and boost production.

India was one of the major buyers of Russian crude after the Ukraine war began in 2022. But India is now seeking alternative suppliers as part of its energy strategy.

Business

Chicken Prices Remain Stable in Local Markets

Published

2 weeks ago

January 27, 2026

Namma Kudla

Chicken prices remained stable in local markets today.Traders said there was no major change in rates.Consumers continued to make regular purchases.

Boneless chicken is priced at ₹210 per kilogram.Regular chicken is available at ₹160 per kilogram.Chicken liver is being sold at ₹120 per kilogram.

Country chicken is priced higher due to demand.It is selling at ₹360 per kilogram.Live chicken is available at ₹130 per kilogram.

Skinless chicken is priced at ₹200 per kilogram.Vendors said supply is sufficient in the market.They expect prices to remain steady in the coming days.

Customers expressed satisfaction with the current rates.Market officials said there is no shortage of chicken.

Business

Gold Prices Edge Up in India on January 19, 2026

Published

3 weeks ago

January 19, 2026

Namma Kudla

Gold prices in India recorded a slight increase on January 19, 2026, supported by global market trends, local demand, and movements in the rupee-dollar exchange rate.

As per market estimates, 24-carat gold, which is considered pure gold, is priced at ₹14,569 per gram, or ₹1,45,690 per 10 grams. 22-carat gold, commonly used for jewellery, is trading at around ₹13,355 per gram, or ₹1,33,550 per 10 grams.

The prices have risen marginally compared to the previous day. The increase is mainly linked to a weaker Indian rupee against the US dollar, which makes imported gold more expensive.

Gold rates vary slightly across cities such as Mangalore and other parts of the country. These differences depend on local taxes, transportation costs, jeweller margins, and regional demand.

Demand for gold remains strong due to the wedding season and festive buying, which continues to support higher prices. Investors also turn to gold during uncertain economic conditions, as it is seen as a safe-haven asset.

Experts say that global geopolitical developments, inflation concerns, and central bank policies are also influencing international gold prices, which in turn affect domestic rates.

Market participants expect gold prices to remain firm in the near term if the rupee stays weak and demand continues at current levels.