Weekly Market Summary: Mcap of six of top 10 valued companies rises by Rs 63,478 crore; L&T, SBI are in lead & more related News Here

The market capitalization of six of the ten most valued companies rose by Rs 63,478.46 crore last week, led by strong gains in Larsen & Toubro and State Bank of India. The broader market also rose marginally, with the 30-share BSE Sensex rising 187.95 points or 0.22% during the week. Among the top companies, Larsen & Toubro, State Bank of India (SBI), HDFC Bank, Life Insurance Corporation of India (LIC), Bajaj Finance and Reliance Industries registered gains. However, valuations of Bharti Airtel, ICICI Bank, Infosys and Tata Consultancy Services declined. Larsen & Toubro added Rs 28,523.31 crore in weekly profit, taking its market valuation to Rs 6,02,552.24 crore. State Bank of India also recorded significant growth, with its mcap rising by Rs 16,015.12 crore to Rs 11,22,581.56 crore. HDFC Bank’s valuation rose by Rs 9,617.56 crore to Rs 14,03,239.48 crore, while LIC added Rs 5,977.12 crore, taking its market cap to Rs 5,52,203.92 crore. The market capitalization of Bajaj Finance increased by Rs 3,142.36 crore to Rs 6,40,387 crore. Reliance Industries saw a marginal increase of Rs 202.99 crore, taking its total valuation to Rs 19,21,678.78 crore. On the downside, Bharti Airtel was the sharpest decliner among the laggards, with its mcap falling by Rs 15,338.66 crore to Rs 11,27,705.37 crore. ICICI Bank stood second with a decline of Rs 14,632.10 crore, taking its valuation to Rs 9,97,346.67 crore. The market valuation of Infosys declined by Rs 6,791.58 crore to Rs 5,48,496.14 crore, while that of Tata Consultancy Services (TCS) declined by Rs 1,989.95 crore to Rs 9,72,053.48 crore. Reliance Industries continues to hold the top position among the most valuable companies of the country. This was followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India and Infosys.