Weekly market recap: Mcap of six of top 10 valued firms climbs Rs 63,478 crore; L&T, SBI lead gains

Six of ten most-valued companies saw their market capitalisation soar by Rs 63,478.46 crore last week, fueled by strong gains in Larsen & Toubro and State Bank of India. The broader market also moved modestly higher, with the 30-share BSE Sensex rising 187.95 points, or 0.22%, during the week. Among the top firms, Larsen & Toubro, State Bank of India (SBI), HDFC Bank, Life Insurance Corporation of India (LIC), Bajaj Finance and Reliance Industries posted gains. However, Bharti Airtel, ICICI Bank, Infosys and Tata Consultancy Services registered declines in their valuations. Larsen & Toubro led the weekly gains, adding Rs 28,523.31 crore to take its market valuation to Rs 6,02,552.24 crore. State Bank of India also recorded a significant rise, with its mcap increasing by Rs 16,015.12 crore to Rs 11,22,581.56 crore. HDFC Bank’s valuation rose by Rs 9,617.56 crore to Rs 14,03,239.48 crore, while LIC added Rs 5,977.12 crore, pushing its market worth to Rs 5,52,203.92 crore. Bajaj Finance’s market capitalisation climbed Rs 3,142.36 crore to Rs 6,40,387 crore. Reliance Industries saw a marginal uptick of Rs 202.99 crore, taking its total valuation to Rs 19,21,678.78 crore. On the downside, Bharti Airtel recorded the sharpest fall among the laggards, with its mcap dropping Rs 15,338.66 crore to Rs 11,27,705.37 crore.

ICICI Bank followed with a decline of Rs 14,632.10 crore, bringing its valuation to Rs 9,97,346.67 crore. Infosys lost Rs 6,791.58 crore in market value to Rs 5,48,496.14 crore, while Tata Consultancy Services (TCS) slipped by Rs 1,989.95 crore to Rs 9,72,053.48 crore. Reliance Industries continued to hold the top spot among the country’s most-valued firms. It was followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India and Infosys.