Top 10 firms add Rs 3.84 lakh crore m-cap in last week rally; HDFC Bank, Airtel lead surge

The mixed market capitalisation of India’s ten most valued firms soared by Rs 3,84,004.73 crore last week, pushed by a powerful rebound in equities, with HDFC Bank and Bharti Airtel rising as the highest gainers.
The BSE benchmark Sensex rallied 3,395.94 factors or 4.51 per cent, whereas the NSE Nifty surged 1,023.1 factors or 4.48 per cent throughout the holiday-shortened week, reflecting a broad-based restoration in investor sentiment.
According to Ajit Mishra, SVP – Research at Religare Broking Ltd, the sharp rally was underpinned by optimism across the deferral of tariff hikes and exemptions on choose merchandise, which fuelled hopes of attainable commerce negotiations.
“Markets responded positively to favourable developments such as a forecast for a normal monsoon, easing retail inflation raising hopes of rate cuts, and the absence of any major global shocks,” Mishra famous.
HDFC Bank led the gainers, including Rs 76,483.95 crore to its market valuation, which stood at Rs 14,58,934.32 crore. Close behind, Bharti Airtel’s market cap jumped by Rs 75,210.77 crore, reaching Rs 10,77,241.74 crore.
Reliance Industries additionally noticed sturdy positive aspects, including Rs 74,766.36 crore to achieve a valuation of Rs 17,24,768.59 crore, retaining its place as India’s most valued firm.
ICICI Bank, SBI, TCS amongst prime movers
ICICI Bank’s market capitalisation rose by Rs 67,597 crore to Rs 10,01,948.86 crore, whereas State Bank of India added Rs 38,420.49 crore, taking its valuation to Rs 7,11,381.46 crore.
Tata Consultancy Services (TCS) added Rs 24,114.55 crore to achieve Rs 11,93,588.98 crore. Bajaj Finance noticed its valuation climb by Rs 14,712.85 crore to Rs 5,68,061.13 crore.
ITC, Infosys, and Hindustan Unilever additionally witnessed positive aspects in market capitalisation. ITC rose by Rs 6,820.2 crore (Rs 5,34,665.77 crore complete), Infosys by Rs 3,987.14 crore (Rs 5,89,846.48 crore complete), and Hindustan Unilever by Rs 1,891.42 crore (Rs 5,57,945.69 crore complete).
In phrases of rankings, Reliance Industries continued to be essentially the most valued agency, adopted by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and ITC.