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Key Points

The Indian stock market experienced a significant rally last week, with top companies adding substantial market value. HDFC Bank led the surge, gaining over Rs 76,000 crore in market capitalization. The bullish trend was supported by RBI's accommodative monetary policy and positive international trade signals. Foreign portfolio investors also returned to the market, purchasing over $1 billion in Indian equities, further boosting investor confidence.

Key Points: HDFC Bank Leads Rs 3.84 Lakh Crore Market Cap Surge

  • HDFC Bank gains Rs 76,483 crore in market value
  • Equity markets rise over 4% last week
  • Foreign investors buy $1 billion in stocks
  • RBI rate cut boosts market sentiment
2 min read

Market valuation of top-10 companies surges by over 3 lakh core, HDFC Bank biggest gainer

Top 10 Indian companies see massive market valuation jump driven by equity bullishness and RBI policy shifts

"The market capitalisation surge reflects strong investor confidence - Financial Analyst"

Mumbai, April 20

The combined market capitalisation of the top 10 most-valued companies surged by Rs 3.84 lakh crore last week, driven by a bullish trend in equities. HDFC Bank and Bharti Airtel emerged as the top performers.

Despite the two-day holiday, the stock market surged over 4 per cent last week. Nifty rose 1,023 points or 4.48 per cent to close at 23,851 and Sensex rose 3,395 points or 4.52 per cent to close at 78,553.

HDFC Bank's market capitalisation surged by Rs 76,483.95 crore to Rs 14,58,934.32 crore.

Bharti Airtel's market valuation grew by Rs 75,210.77 crore, taking the company's market cap to Rs 10,77,241.74 crore.

ICICI Bank gained Rs 67,597 crore, pushing its valuation to Rs 10,01,948.86 crore, while State Bank of India added Rs 38,420.49 crore, reaching Rs 7,11,381.46 crore.

Tata Consultancy Services (TCS) saw an increase of Rs 24,114.55 crore, bringing its market value to Rs 11,93,588.98 crore.

The market cap of Bajaj Finance rose by Rs 14,712.85 crore to Rs 5,68,061.13 crore.

The market cap of ITC grew by Rs 6,820.2 crore to Rs 5,34,665.77 crore.

The market capitalisation of Infosys rose by Rs 3,987.14 crore to Rs 5,89,846.48 crore.

Hindustan Unilever's valuation climbed Rs 1,891.42 crore to Rs 5,57,945.69 crore.

The announcement of a temporary pause on tariffs by the US and prospects of negotiations with other countries have also contributed to this relief rally. Furthermore, the RBI's 25 bps rate cut on April 9, which brought the repo rate down to 6 per cent, along with a shift in its stance from "neutral" to "accommodative", added fresh momentum to the equity markets as investors priced in further monetary easing.

Over the last three trading sessions, foreign portfolio investors have purchased over $1 billion worth of Indian equities after a prolonged selling streak.

- IANS

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Reader Comments

R
Rahul K.
Incredible rally this week! HDFC Bank and Bharti Airtel really leading the charge. Makes me wish I'd invested more last month. 🚀
P
Priya M.
While the numbers look impressive, I wonder how sustainable this rally is. The market seems to be reacting to short-term factors rather than fundamental growth.
A
Amit S.
Bharti Airtel's performance is no surprise - their 5G rollout has been excellent and customer base keeps growing. Smart investors saw this coming!
S
Sanjana P.
The RBI rate cut was definitely the catalyst we needed. More money in the system = more investment in equities. Simple economics working its magic ✨
V
Vikram J.
FPIs coming back is the real story here. When foreign investors show confidence in Indian markets, it's always a good sign for long-term growth.
N
Neha T.
Interesting to see ITC's modest growth compared to others. Maybe investors are still cautious about their diversification strategy?

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