Did 4 of India’s Top 10 Companies Add Rs 95,447 Crore in Market Value Last Week?
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Synopsis
Discover how four of India's most valued companies gained a combined Rs 95,447 crore last week, led by Bharti Airtel, SBI, and LIC. Despite this surge, many others faced losses, highlighting the mixed trends in the market. Read on for key insights into the shifting landscape of India's corporate giants.
Key Takeaways
- Four top companies added Rs 95,447 crore in market value.
- SBI and Bharti Airtel led the gains.
- Six companies experienced a loss of Rs 91,685.94 crore.
- The Nifty index declined by 0.28 percent.
- Volatility continues in the Indian equity market.
Mumbai, Nov 2 (NationPress) Last week, four of India's ten highest valued companies experienced a surge in their cumulative market valuation, increasing by Rs 95,447.38 crore. This uptick was primarily fueled by significant gains in Bharti Airtel, State Bank of India (SBI), and Life Insurance Corporation of India (LIC).
In contrast, six other major corporations, including HDFC Bank, TCS, ICICI Bank, Bajaj Finance, Infosys, and Hindustan Unilever, collectively saw their market value decline by Rs 91,685.94 crore.
The market capitalization for SBI rose by Rs 30,091.82 crore, reaching a total of Rs 8,64,908.87 crore, while Bharti Airtel's valuation increased by Rs 14,540.37 crore to Rs 11,71,554.56 crore.
LIC's market value also grew by Rs 3,383.87 crore, bringing its total to Rs 5,65,897.54 crore.
However, the overall trend among other leading firms was negative. Bajaj Finance suffered the largest drop, with its valuation decreasing by Rs 29,090.12 crore to Rs 6,48,756.24 crore.
ICICI Bank experienced a decline of Rs 21,618.9 crore, resulting in a valuation of Rs 9,61,127.86 crore, while Infosys lost Rs 17,822.38 crore, settling at Rs 6,15,890 crore.
Hindustan Unilever saw its valuation drop by Rs 11,924.17 crore to Rs 5,79,561.93 crore, and HDFC Bank experienced a decrease of Rs 9,547.96 crore, bringing its market cap to Rs 15,18,679.14 crore.
TCS also reported a small loss of Rs 1,682.41 crore, with its valuation now at Rs 11,06,338.80 crore.
Among the ten most valued Indian companies, HDFC Bank maintained its second position, followed by Bharti Airtel, TCS, ICICI Bank, SBI, Bajaj Finance, Infosys, Hindustan Unilever, and LIC.
Analysts indicated that this mixed trend in valuations mirrors the current volatility in the Indian equity markets, with certain banking and telecom stocks attracting investor interest, while technology and consumer stocks faced selling pressure.
The Nifty index concluded at 25,722.10, marking a 0.28 percent decline compared to the previous week's close.
On a technical note, analysts suggested that the index's weekly chart indicates a sideways pattern, as it struggled to maintain levels above 25,800, hinting at potential retracement or consolidation in the near future.
Point of View
It is crucial to acknowledge the mixed performance in the Indian equity market this past week. While certain companies have showcased resilience, the broader landscape reflects ongoing volatility. Such dynamics are vital for both investors and stakeholders to consider as they navigate these uncertain times. NationPress remains dedicated to providing comprehensive insights into these developments.
NationPress
02/11/2025
Frequently Asked Questions
Which companies gained in market value last week?
Last week, Bharti Airtel, State Bank of India (SBI), and Life Insurance Corporation of India (LIC) were among the top gainers.
How much did India's top companies lose in market value?
Six major companies collectively lost Rs 91,685.94 crore in market value.
What was the performance of the Nifty index?
The Nifty index closed at 25,722.10, reflecting a 0.28 percent decline from the previous week.
What trends were observed in the market?
The market exhibited mixed trends, with banking and telecom stocks gaining while technology and consumer stocks faced selling pressure.
What does the technical outlook suggest?
Analysts suggest a sideways setup in the index, indicating potential retracement or consolidation ahead.
