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