Blue-Chip Boom: Four of India’s Top-10 Firms Surge by ₹1 Lakh Crore in Market Cap

Despite a generally subdued trend in the equity markets, four of India’s top-10 most valued companies collectively saw their market capitalization (mcap) surge by an impressive ₹1,01,369.5 crore last week. Life Insurance Corporation of India (LIC) led the charge as the biggest gainer, highlighting renewed investor confidence in select blue-chip stocks.

 

Key Highlights

 

•⁠  ⁠LIC Leads the Rally: LIC’s market valuation skyrocketed by ₹59,233.61 crore, reaching ₹6,03,120.16 crore—the highest gain among the top-10 companies.

 

•⁠  ⁠Other Major Gainers: State Bank of India (SBI) added ₹19,589.54 crore, Bharti Airtel’s mcap rose by ₹14,084.2 crore, and HDFC Bank climbed ₹8,462.15 crore, rounding out the quartet of outperformers.

 

•⁠  ⁠Market Contrast: While these four firms saw robust gains, six others—including Reliance Industries, TCS, ICICI Bank, Infosys, Bajaj Finance, and Hindustan Unilever—suffered a combined valuation drop of ₹34,852.35 crore.

 

•⁠  ⁠Benchmark Movement: The BSE Sensex declined by 270.07 points (0.33%) during the same period, underscoring the selective nature of the rally.

 

Outlook

 

The divergent performance among India’s top companies signals shifting investor sentiment and sectoral preferences. As markets remain cautious, the resilience of financial and telecom giants suggests continued investor trust in these sectors, setting the stage for potential leadership rotation in the months ahead.

 

Source: Economic Times, Times of India, Outlook Business