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Key Points

The Indian stock market witnessed a strong rally last week, adding significant value to top companies. TCS led the gains with an impressive Rs 45,678 crore increase in market valuation. While most blue-chip companies saw substantial growth, Hindustan Unilever and LIC surprisingly experienced valuation declines. Market experts are now watching key resistance levels as the Nifty shows promising technical patterns for continued upward movement.

Key Points: Top 8 Firms Gain Rs 1.94 Lakh Crore in Market Rally

  • TCS emerged as biggest gainer adding Rs 45,678 crore to market valuation
  • Infosys followed with Rs 28,125 crore jump while HDFC Bank gained Rs 25,135 crore
  • Bharti Airtel surged Rs 25,089 crore and Bajaj Finance climbed Rs 21,187 crore
  • Hindustan Unilever and LIC saw valuation declines amid overall market optimism
2 min read

Market rally adds Rs 1.94 lakh crore to valuation of top 8 firms

TCS leads with Rs 45,678 crore gain as Sensex surges 1.59%, while HUL and LIC see valuation declines in contrasting market performance.

"On the upside, immediate resistance levels are seen at 25,500, followed by 25,600 and 25,850 - Market Experts"

Mumbai, Oct 12

The combined market valuation of eight of the top 10 most valued companies in India rose by Rs 1,94,148.73 crore last week, supported by a strong rally in the stock market.

Tata Consultancy Services (TCS) emerged as the biggest gainer among them, in line with the positive momentum on Dalal Street.

The benchmark Sensex jumped 1,293.65 points or 1.59 per cent during the week, helping several blue-chip companies register sharp gains in their market capitalisation.

Among the top gainers, TCS added Rs 45,678.35 crore to its market valuation, which rose to Rs 10,95,701.62 crore.

Infosys followed with a jump of Rs 28,125.29 crore, taking its valuation to Rs 6,29,080.22 crore.

HDFC Bank’s market capitalisation increased by Rs 25,135.62 crore to reach Rs 15,07,025.19 crore, while Bharti Airtel’s valuation surged by Rs 25,089.27 crore to Rs 11,05,980.35 crore.

Bajaj Finance also witnessed a strong week, with its market capitalisation climbing Rs 21,187.56 crore to Rs 6,36,995.74 crore.

The State Bank of India (SBI) added Rs 12,645.94 crore, taking its valuation to Rs 8,12,986.64 crore, while ICICI Bank’s market worth went up by Rs 11,251.62 crore to Rs 9,86,367.47 crore.

On the other hand, Hindustan Unilever and Life Insurance Corporation of India (LIC) saw their valuations decline.

The market capitalisation of LIC fell by Rs 4,648.88 crore to Rs 5,67,858.29 crore, while Hindustan Unilever’s valuation dropped by Rs 3,571.37 crore to Rs 5,94,235.13 crore.

At the end of the week, HDFC Bank remained among the most valued company among the top pack, followed by Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever, and LIC.

Meanwhile, commenting on the Nifty outlook, experts said that on the weekly chart, the index has formed a cup and handle pattern, and a decisive breakout of this formation, supported by increasing volumes, would signal the potential for further sustained upside.

“On the upside, immediate resistance levels are seen at 25,500, followed by 25,600 and 25,850. On the downside, support is placed at 25,150 and then at 25,000, with a deeper breakdown below 24,900 likely to trigger additional downside pressure,” they added.

- IANS

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Reader Comments

P
Priya S
While this rally is exciting, I worry about how much of this wealth actually reaches the common man. The gap between corporate profits and ground reality seems to be widening.
A
Arjun K
Bharti Airtel and HDFC Bank both adding over ₹25,000 crore each! Telecom and banking sectors showing strong fundamentals. Good time to invest in these blue chips for long term.
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Sarah B
Interesting to see LIC and HUL losing value while others gained. Shows how selective the rally has been. Need to be careful about which stocks to hold in this market.
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Karthik V
Sensex up 1.59% in a week is fantastic momentum! Hope this continues and we break the 25,500 resistance level soon. Indian markets have strong potential 🇮🇳📈
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Michael C
The cup and handle pattern mentioned by experts is quite promising. Technical analysis suggests we might see further upside if volumes support the breakout. Good time for systematic investment.

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