Seven of top 10 firms add Rs 1.55 lakh crore in market value

Seven of India’s 10 most-valued companies together added Rs 1.55 lakh crore in market value during the holiday-shortened week, reflecting continued investor confidence in large-cap counters, according to data reported by IANS. Tata Consultancy Services (TCS) and Bharti Airtel led the rally as domestic equities maintained a steady uptrend.

The BSE Sensex gained 259.69 points, or 0.30 per cent, during the week and touched a 52-week high of 85,290.06 on Thursday. Market sentiment remained buoyant, supported by strong quarterly earnings and firm global cues despite the truncated trading schedule.

Strong performance across sectors

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According to the official data cited by IANS, Bharti Airtel, TCS, State Bank of India (SBI), Bajaj Finance, Infosys, and Life Insurance Corporation of India (LIC) saw notable increases in their market capitalisation. However, HDFC Bank, ICICI Bank, and Hindustan Unilever Limited (HUL) ended the week with losses.

TCS’s valuation rose by Rs 36,126.6 crore to Rs 11,08,021.21 crore, while Infosys gained Rs 34,938.51 crore to reach Rs 6,33,712.38 crore. SBI’s market capitalisation climbed by Rs 13,892.07 crore to Rs 8,34,817.05 crore, and Bajaj Finance added Rs 11,947.17 crore, taking its value to Rs 6,77,846.36 crore.

Bharti Airtel’s market value increased by Rs 9,779.11 crore to Rs 11,57,014.19 crore. LIC also saw a modest gain of Rs 2,340.25 crore, with its valuation now at Rs 5,62,513.67 crore.

Mixed results for banking majors

Among the laggards, ICICI Bank’s market capitalisation declined by Rs 43,744.59 crore to Rs 9,82,746.76 crore. HUL’s valuation dropped by Rs 20,523.68 crore to Rs 5,91,486.10 crore, while HDFC Bank slipped by Rs 11,983.68 crore to Rs 15,28,227.10 crore.

Bharti Airtel continued to be among the most valuable companies, closely followed by HDFC Bank, TCS, ICICI Bank, SBI, Bajaj Finance, Infosys, HUL, and LIC. Analysts said that even with differences across sectors, the resilience of large-cap stocks points to steady institutional interest and solid corporate fundamentals.

Technical indicators show bullish bias

Analysts said the Nifty continues to trade above its 20-day, 50-day, and 200-day exponential moving averages (EMAs), signalling a firm bullish structure. “The RSI on the weekly timeframe stands at 61.60 and is trending sideways, indicating a neutral-to-positive bias with potential for renewed momentum once consolidation ends,” experts said. They cautioned that a clear drop below 25,670 could push the market lower towards 25,500 and 25,400.