Mumbai, April 12 (NationPress) The Indian stock markets experienced a significant surge last week, resulting in an impressive increase of Rs 4,13,003.23 crore in the combined market capitalization of eight of the top ten most valued firms.

This remarkable growth was primarily driven by substantial gains in major banking institutions, notably HDFC Bank and ICICI Bank.

The positive market sentiment was mirrored in the benchmark indices, with the Sensex skyrocketing by 4,230.7 points or 5.77%, while the Nifty advanced by 1,337.5 points or 5.88% throughout the week.

As per Ajit Mishra from Religare Broking Limited, the market mood remained optimistic, influenced by expectations surrounding a temporary ceasefire between the U.S. and Iran.

Nonetheless, ongoing geopolitical uncertainties limited the speed of these gains in the latter part of the week.

Mishra also pointed out that a notable decline in crude oil prices below the $100 threshold alleviated domestic concerns and helped boost a broad resurgence in equity markets.

Among the standout performers, HDFC Bank emerged as the top gainer, enhancing its market capitalization by Rs 91,282.67 crore to reach Rs 12,47,478.57 crore.

ICICI Bank closely followed, with its market valuation increasing by Rs 76,036.36 crore to Rs 9,46,741.85 crore.

In the financial services sector, Bajaj Finance experienced a surge of Rs 60,980.35 crore, bringing its market value to Rs 5,75,206.47 crore, while engineering powerhouse Larsen & Toubro added Rs 47,624.97 crore, elevating its valuation to Rs 5,44,736.59 crore.

Telecommunications leader Bharti Airtel gained Rs 45,873.43 crore, achieving a market capitalization of Rs 10,66,293.69 crore.

Public sector bank State Bank of India also saw a robust increase, with its market valuation rising by Rs 43,614.67 crore to Rs 9,84,629.98 crore.

In the technology sector, Tata Consultancy Services added Rs 26,303.49 crore, bringing its market cap to Rs 9,13,331.92 crore.

Consumer goods giant Hindustan Unilever also demonstrated growth, with its valuation increasing by Rs 21,287.29 crore to Rs 5,06,477.89 crore.

However, not every company benefitted from the upswing. Infosys experienced a decline in its market capitalization, which dropped by Rs 3,285.03 crore to Rs 5,24,124.40 crore.

Additionally, Reliance Industries faced a slight decrease of Rs 947.28 crore, reducing its valuation to Rs 18,27,086.79 crore.

Despite these setbacks, Reliance Industries maintained its status as the most valued firm in India, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, and Tata Consultancy Services.