Five of India’s top-10 most valued firms added a combined ₹72,285 crore in market capitalisation last week. TCS and Infosys emerged as the biggest gainers, while Reliance, HDFC Bank, SBI, L&T, and LIC saw declines. The overall market remained flat, reflecting sector-specific momentum rather than broad-based growth.
Inside the announcement
According to Telangana Today, The Hindu Business Line, and Financial Express, Tata Consultancy Services (TCS) and Infosys drove the surge, adding nearly ₹36,000 crore and ₹23,400 crore respectively. Bharti Airtel, ICICI Bank, and Bajaj Finance also posted gains, while Reliance Industries and major banks faced valuation erosion. The BSE benchmark rose marginally by 5.7 points, while NSE Nifty dipped 16.5 points, underscoring the mixed sentiment across sectors.
Notable updates
• TCS added ₹35,909 crore, taking its market cap to ₹11.71 lakh crore
• Infosys gained ₹23,404 crore, reaching ₹6.71 lakh crore in valuation
• Bajaj Finance rose ₹6,720 crore, while Bharti Airtel added ₹3,792 crore
• ICICI Bank’s market cap climbed ₹2,458 crore
• Reliance, HDFC Bank, SBI, L&T, and LIC saw declines in valuation
• Benchmark indices remained largely flat despite sectoral gains
Major takeaway
The surge highlights the resilience of IT and financial services amid broader market stagnation. With TCS and Infosys leading, investor confidence in technology-driven growth remains strong, even as traditional heavyweights like Reliance and banks face pressure.
Sources: Telangana Today, The Hindu Business Line, Financial Express