Breaking News: Bharti Airtel and Tech Giants Lead Market Surge
 "Top 8 Companies Gain ₹1.53 Trillion: Airtel & Infosys Lead the Charge!")
Last week, the BSE benchmark jumped 1,279.56 points or 1.57 per cent | Photo: Bloomberg
In a remarkable financial week, the combined market value of eight out of India’s top ten firms soared by an impressive Rs 1,53,019.32 crore. Leading the charge were telecommunications leader Bharti Airtel and technology giants Infosys and Tata Consultancy Services (TCS). This surge aligns perfectly with an outstanding equity rally.
Last week, the Bombay Stock Exchange (BSE) benchmark witnessed a significant jump of 1,279.56 points, marking a 1.57% increase.
Driven by a nine-day winning streak, the 30-share BSE Sensex rocketed up by 231.16 points (or 0.28%) on Friday. This historic climb ended with a closing high of 82,365.77. During the day, the Sensex also reached a new intra-day record, peaking at 82,637.03 after jumping 502.42 points (or 0.61%).
Major Winners of the Week
Let’s dive into the week’s big market movers and shakers:
Bharti Airtel Soars
Bharti Airtel emerged as a star performer, witnessing a colossal rise in its market valuation by Rs 47,194.86 crore. This brought its total valuation to an impressive Rs 9,04,587.12 crore.
Tech Titans On the Rise
Infosys, one of India’s leading IT firms, added Rs 33,611.37 crore to its market cap, bringing its total to Rs 8,06,880.50 crore.
Not far behind, Tata Consultancy Services (TCS), another IT behemoth, saw a valuation uptick of Rs 31,784.9 crore, bringing its market value to Rs 16,46,899.17 crore.
Banking Big Shots
ICICI Bank also had a stellar week, with its market cap surging by Rs 18,734.3 crore, reaching a total of Rs 8,66,374.41 crore.
Reliance Industries and HDFC Bank Shine
Reliance Industries, India’s most valued firm, saw its market capitalization climb by Rs 13,396.42 crore, boosting its total to Rs 20,43,107.10 crore.
Meanwhile, HDFC Bank’s market valuation increased by Rs 5,600.24 crore, reaching Rs 12,44,206.43 crore.
Other Market Movements
Life Insurance Corporation of India (LICI)
LICI had a noteworthy week too, with its market cap growing by Rs 2,340.25 crore to a total of Rs 6,73,390.88 crore.
State Bank of India (SBI)
State Bank of India (SBI) recorded a mild increase, with its market valuation advancing by Rs 356.98 crore to reach Rs 7,27,935.97 crore.
Decliners of the Week
However, not all firms rode the wave of growth. Hindustan Unilever faced a setback, with its market cap dropping by Rs 8,411.54 crore to Rs 6,52,739.95 crore. Similarly, ITC’s valuation fell by Rs 4,776.48 crore, ending at Rs 6,27,587.76 crore.
Top 10 Most Valued Firms
Reliance Industries continues to hold its title as the most valued firm in India. The top ten list follows with TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, LIC, Hindustan Unilever, and ITC.
Keep an eye on India Press Live for more updates on market movements and corporate news. This has been your weekly market roundup, highlighting the biggest gainers and decliners in the Indian stock market.
