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India’s Top Firms See ₹1.62 Lakh Crore Surge in Combined Market Value

Investor optimism over RBI rate cuts fueled large-cap gains backed by foreign inflows

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Overview

  • Bharti Airtel’s valuation jumped by ₹54,055.96 crore to ₹11,04,469.29 crore, making it the week’s biggest gainer among the top-ten firms.
  • Reliance Industries retained its position as the country’s most-valued company after adding ₹50,070.14 crore to reach a market cap of ₹19,82,033.60 crore.
  • HDFC Bank’s market value climbed by ₹38,503.91 crore to ₹15,07,281.79 crore on expectations of steady credit growth.
  • ICICI Bank added ₹8,012.13 crore, State Bank of India gained ₹3,212.86 crore and Infosys rose by ₹8,433.06 crore driven by strong sectoral buying.
  • Tata Consultancy Services and Bajaj Finance led declines with losses of ₹4,613.06 crore and ₹17,876.42 crore respectively even as the BSE Sensex gained 1,289.57 points for the week.