Bharti Airtel, SBI, LIC boost top 10 companies’ valuation by Rs 95,447 crore amid mixed market trends
Published on 02/11/2025 02:13 PM
The combined market valuation of four of India's top 10 most-valued companies increased by Rs 95,447.38 crore last week. The gains were led by Bharti Airtel, State Bank of India (SBI) and Life Insurance Corporation of India (LIC). Meanwhile, the market capitalisation of six other major companies, including HDFC Bank, TCS, ICICI Bank, Bajaj Finance, Infosys and Hindustan Unilever, collectively declined by Rs 91,685.94 crore.
SBI's market capitalisation rose by Rs 30,091.82 crore to Rs 8,64,908.87 crore, while Bharti Airtel's valuation rose by Rs 14,540.37 crore to Rs 11,71,554.56 crore. LIC also gained Rs 3,383.87 crore, taking its total market value to Rs 5,65,897.54 crore.
However, the broader trend among other top companies was negative. Bajaj Finance was the biggest loser, losing Rs 29,090.12 crore in market capitalisation to Rs 6,48,756.24 crore.
ICICI Bank's valuation fell by Rs 21,618.9 crore to Rs 9,61,127.86 crore and Infosys' valuation fell by Rs 17,822.38 crore to Rs 6,15,890 crore.
Hindustan Unilever's valuation fell by Rs 11,924.17 crore to Rs 5,79,561.93 crore, while HDFC Bank's market capitalisation declined by Rs 9,547.96 crore to Rs 15,18,679.14 crore.
TCS also reported a marginal loss of Rs 1,682.41 crore, taking its valuation to Rs 11,06,338.80 crore.
Among the top 10 most valuable Indian companies, HDFC Bank ranked second, followed by Bharti Airtel, TCS, ICICI Bank, SBI, Bajaj Finance, Infosys, Hindustan Unilever and LIC.
“The mixed movement in valuations reflects the ongoing volatility in Indian equity markets, with select banking and telecom stocks attracting investor interest while technology and consumer stocks faced selling pressure,” analysts said.
Meanwhile, the Nifty index closed at 25,722.10, down 0.28 per cent from last week's close.
Commenting on the technical outlook, analysts said that, "On the weekly chart, the index reflects a sideways setup, as it failed to sustain above the 25,800 mark, indicating the possibility of some retracement or consolidation in the near term."
With IANS Inputs