Mumbai
India’s stock market rally last week added a massive ₹1.94 lakh crore to the combined market value of eight of the country’s top 10 most valued companies. The surge followed strong gains on Dalal Street, where the Sensex jumped 1,293.65 points (1.59%) during the week.
Tata Consultancy Services (TCS) led the winners, gaining ₹45,678.35 crore to reach a market value of ₹10.95 lakh crore. Infosys followed with an increase of ₹28,125.29 crore, taking its valuation to ₹6.29 lakh crore. HDFC Bank added ₹25,135.62 crore to reach ₹15.07 lakh crore, while Bharti Airtel gained ₹25,089.27 crore, reaching ₹11.05 lakh crore.
Bajaj Finance saw its value climb by ₹21,187.56 crore to ₹6.36 lakh crore. State Bank of India added ₹12,645.94 crore to ₹8.12 lakh crore, and ICICI Bank gained ₹11,251.62 crore, reaching ₹9.86 lakh crore.
However, Hindustan Unilever and Life Insurance Corporation of India (LIC) faced losses. LIC’s valuation fell by ₹4,648.88 crore to ₹5.67 lakh crore, while Hindustan Unilever dropped ₹3,571.37 crore to ₹5.94 lakh crore.
At week’s end, HDFC Bank remained India’s most valued company, followed by Bharti Airtel, TCS, ICICI Bank, SBI, Bajaj Finance, Infosys, Hindustan Unilever, and LIC.
Experts said the Nifty index has formed a “cup and handle” pattern, signaling potential further gains. Resistance levels are at 25,500, 25,600, and 25,850, while support lies at 25,150 and 25,000. A fall below 24,900, they warned, could lead to additional downside pressure.
