Did Seven of the Top-10 Companies Gain Rs 1.23 Lakh Crore in Market Cap Last Week?
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Synopsis
In a remarkable week for the Indian stock market, seven of the top-10 companies gained a staggering Rs 1.23 lakh crore in market capitalization, driven by a bullish sentiment. Discover the details of the gains and losses among these corporate giants.
Key Takeaways
- Seven of the top-10 companies gained a total of Rs 1.23 lakh crore.
- The Sensex increased by 720.56 points.
- State Bank of India was the biggest gainer with Rs 30,414.89 crore.
- Some companies, like TCS and Infosys, saw declines in their valuations.
- Analysts are monitoring key resistance and support levels for future market trends.
Mumbai, Jan 4 (NationPress) The total market capitalization of seven out of the top-10 most valuable companies surged by Rs 1.23 lakh crore last week, reflecting a positive trend in the equity markets as key indices recorded substantial gains.
This optimistic sentiment propelled the Sensex up by 720.56 points, or 0.84 percent, over the week, indicating widespread buying interest across various sectors.
Among the leading companies, the stock values of HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Larsen & Toubro, and Hindustan Unilever concluded the week with increased valuations.
The State Bank of India emerged as a significant gainer, with its market cap increasing by Rs 30,414.89 crore to reach Rs 9,22,461.77 crore.
Larsen & Toubro added Rs 16,204.34 crore, bringing its valuation to Rs 5,72,640.56 crore, while Hindustan Unilever saw its market cap rise by Rs 14,626.21 crore to Rs 5,51,637.04 crore.
The market capitalization of HDFC Bank increased by Rs 13,538.43 crore to reach Rs 15,40,303.87 crore.
ICICI Bank also experienced gains, with its valuation climbing by Rs 3,103.99 crore to Rs 9,68,773.14 crore.
Bharti Airtel saw its market value rise by Rs 570.21 crore, bringing its total to Rs 12,01,262.53 crore.
Conversely, a few companies experienced a decline in their market capitalization despite the overall market strength.
Tata Consultancy Services saw a drop of Rs 10,745.72 crore, lowering its valuation to Rs 11,75,914.62 crore.
Infosys recorded a decrease of Rs 6,183.25 crore, bringing its market cap to Rs 6,81,635.59 crore, while Bajaj Finance lost Rs 5,693.58 crore, reducing its valuation to Rs 6,16,430.43 crore.
In the context of the Nifty's technical outlook, an analyst remarked that “immediate resistance is at 26,400, followed by 26,500 and 26,600. Conversely, support is observed at 26,200 and then at 26,100.
The Bank Nifty concluded the session with steady bullish momentum, achieving a new all-time high of 60,203 and gaining 439 points before finishing the week at 60,150.95.
“However, if selling pressure resurfaces and the index decisively falls below the 59,900 mark, it may lead to a deeper corrective move toward the 59,700–59,500 range, with further downside possible if weakness intensifies,” the analyst stated.
“On the upside, immediate resistance is identified at 60,300, followed by 60,500 and 60,700. The weekly RSI stands at 69.31 and continues to trend upward,” according to the analyst.
Point of View
It’s crucial to observe that the recent surge in market capitalization for leading companies reflects a broader positive trend in the equity markets. This development signifies investor confidence and can be seen as a hopeful indicator for the economic landscape in India. It is essential to monitor these trends closely as they can impact future financial decisions and market dynamics.
NationPress
05/01/2026
Frequently Asked Questions
What caused the increase in market capitalization?
The increase in market capitalization is attributed to a positive sentiment in the equity markets, with benchmark indices showing healthy gains.
Which companies experienced the highest gains?
State Bank of India, Larsen & Toubro, and Hindustan Unilever were among the top gainers in market capitalization.
Did any companies lose market value?
Yes, companies like Tata Consultancy Services, Infosys, and Bajaj Finance saw a decline in their market capitalization despite the overall market strength.
What is the current market outlook?
Analysts suggest that immediate resistance levels for Nifty are at 26,400 and support levels are at 26,200, indicating a cautious but optimistic market outlook.
