India's top nine most-valued companies witnessed a combined market capitalization surge of ₹3.06 lakh crore last week, riding on a bullish equity market. ICICI Bank and Bharti Airtel emerged as the biggest gainers, contributing significantly to the rally.
Key Highlights:
ICICI Bank: Added ₹64,426.27 crore to reach ₹9,47,628.46 crore in market cap.
Bharti Airtel: Gained ₹53,286.17 crore, taking its valuation to ₹9,84,354.44 crore.
HDFC Bank: Increased by ₹49,105.12 crore to ₹13,54,275.11 crore.
Reliance Industries: Retained its position as the most valued firm with a market cap of ₹17,27,339.74 crore after adding ₹39,311.54 crore.
BSE Sensex and NSE Nifty: Rose by 4.16% and 4.25%, respectively.
Other major contributors included Bajaj Finance (+₹30,953.71 crore), Tata Consultancy Services (+₹24,259.28 crore), and State Bank of India (+₹22,534.67 crore). However, ITC saw a decline of ₹7,570.64 crore in its valuation.
This rally underscores investor confidence amid improving market conditions and robust corporate performance.
Sources: Times of India, Business Standard, Moneycontrol, March 23, 2025