Top-10 valued Indian firms see mixed week; Airtel gains most while some stocks decline

Last week, the BSE benchmark Sensex climbed 582.06 points, or 0.75%, and the NSE Nifty went up by 127.4 points, or 0.52%

Last week marked a significant uplift in the market valuation of five of the top 10 firms, appreciating by Rs 1.54 lakh crore. Tata Consultancy Services claimed the spotlight, boosting its valuation by Rs 72,072.3 crore. ICICI Bank and Reliance Industries also experienced notable increases. However, the tide turned for HDFC Bank and Bharti Airtel, which faced declines. Overall, Indian equity markets concluded the week on a robust note.

Mumbai: India's stock market ended the week on a positive note, helping five of the country's 10 most valuable listed companies add a combined Rs 1.54 lakh crore to their market capitalisation (mcap). Among them, Tata Consultancy Services (TCS) emerged as the biggest wealth creator after reporting strong quarterly earnings and giving an optimistic business outlook.The benchmark BSE Sensex rose 582.06 points (0.75 percent), while the Nifty 50 gained 127.4 points (0.52 percent) during the week.TCS Drives the RallyTCS saw the biggest jump in market value, adding Rs 72,072.30 crore to take its total market capitalisation to Rs 8.21 lakh crore.The rally came after the IT major reported a 4.61 percent rise in June quarter net profit to Rs 13,349 crore. The company also indicated that demand, which had been affected by the West Asia crisis, is expected to improve in the current quarter.Reliance, ICICI Bank Also ShineApart from TCS, several heavyweight companies recorded healthy gains.ICICI Bank added Rs 29,062.06 crore, taking its valuation to Rs 10.34 lakh crore. Top-10 Firms Add Mixed Wealth, HDFC Bank and Bharti Airtel Lead ₹92,995 Crore Market Cap Gains Despite Weak WeekReliance Industries gained Rs 23,884.93 crore, pushing its market capitalisation to Rs 17.95 lakh crore, retaining its position as India's most valuable listed company.Bajaj Finance added Rs 21,946.50 crore, while State Bank of India (SBI) gained Rs 7,338.34 crore during the week.Five Companies Lose Market ValueNot every blue-chip stock ended the week higher.Larsen & Toubro (L&T) saw the biggest decline, losing Rs 18,097.72 crore in market value.Life Insurance Corporation of India (LIC) lost Rs 12,080.75 crore, followed by Bharti Airtel, which shed Rs 7,706.45 crore.HDFC Bank also witnessed a decline of Rs 7,084.61 crore, while Hindustan Unilever lost Rs 1,221.79 crore in market value. Top-10 Firms Add ₹88,678 Crore In Market Value, ICICI Bank Leads Gains with ₹29,589 Crore Jump Despite Losses In Four CompaniesTop-10 Ranking Remains UnchangedDespite the weekly changes, the ranking of India's most valuable companies remained unchanged. Reliance Industries continued to lead the list, followed by HDFC Bank, Bharti Airtel, ICICI Bank, SBI, TCS, Bajaj Finance, LIC, L&T, and Hindustan Unilever. Strong IT earnings and steady domestic fundamentals helped keep overall market sentiment positive.

Reliance Industries remain the most valued firm followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, LIC, Larsen & Toubro and Hindustan Unilever

The combined market valuation of five of the top-10 most valued firms jumped Rs 1.54 lakh crore last week, with IT major TCS emerging as the biggest winner, in line with a positive trend in equities. Last week, the BSE benchmark Sensex climbed 582.06 points, or 0.75 per cent, and the NSE Nifty went up by 127.4 points, or 0.52 per cent. "Indian equity markets ended the week on a firm footing, extending their recovery despite heightened geopolitical tensions, elevated crude oil prices, and persistent uncertainty surrounding the global interest-rate outlook. "Sentiment remained supported by encouraging Q1 FY27 earnings from the IT sector as TCS closed with nearly 10 per cent of weekly gains, renewed buying interest in financial stocks, and resilience in domestic economic fundamentals," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, ICICI Bank, State Bank of India, Tata Consultancy Services (TCS) and Bajaj Finance emerged as the gainers, HDFC Bank, .

New Delhi, July 16: India's midcap private-sector banks clocked double-digit gains in the June quarter. All seven private-sector banks in the top 20 with market capitalisations below Rs 1 trillion posted double-digit gains in the three months ended June 30, as per S&P Global Market Intelligence data report.The midcap lenders emerged as the biggest gainers in a broader stock market rally that followed a temporary ceasefire between Iran and the US.As per the report, "Yes Bank Ltd.'s market cap rose about 40% quarter over quarter, while IDBI Bank Ltd. gained 35.8%."This marked a recovery for IDBI Bank Ltd., which bounced back from a 40 per cent decline in the previous three months after the government halted its divestment process.Also Watch:Midcap Banks See Strong RecoveryThe data noted that Mumbai-based RBL Bank Ltd. entered the top 20 ranking after its market capitalisation surged 219 per cent to Rs 571.5 billion.Large-cap private banks also registered growth. HDFC Bank Ltd., the country's largest lender by market capitalisation, saw its market value rise 9.13 per cent during the quarter. This increase followed a 26 per cent decline in the January-to-March period.Meanwhile, ICICI Bank Ltd. gained 14.19 per cent, reclaiming its position as India's second-largest bank by market cap from State Bank of India. Axis Bank Ltd. and Kotak Mahindra Bank Ltd. also recorded growth, rising 15.9 per cent and 11.3 per cent, respectively.Top-10 Firms Add Mixed Wealth, HDFC Bank and Bharti Airtel Lead ₹92,995 Crore Market Cap Gains Despite Weak WeekPublic Sector Banks Lag BehindState-owned banks, meanwhile, underperformed the broader rally, with most posting sub-10 per cent gains. State Bank of India rose 4.85 per cent, while Bank of Baroda Ltd. gained about 10 per cent. Punjab National Bank grew by 6.1 per cent, and Canara Bank registered a 1.7 per cent increase.Indian Bank was the only lender among the top 20 to post a decline, with its shares falling 3.44 per cent during the quarter. Other public sector lenders like Indian Overseas Bank and Bank of India Ltd. recorded lower gains at 8.6 per cent and 2.5 per cent, respectively.Data from the report showed that the aggregate market capitalisation for the top 20 Indian banks stood at Rs 53,135.42 billion at the end of the June quarter.(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)