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Six of India’s ten most valuable listed companies added a combined ₹1 lakh crore to their market capitalisation during the past trading week, driven by strong investor sentiment and gains in the equity markets. Telecom major Bharti Airtel emerged as the biggest contributor to the rally, while Bajaj Finance, ICICI Bank, HDFC Bank, LIC, and Hindustan Unilever also posted significant gains in their market valuations.

According to the latest market data, Bharti Airtel recorded the highest increase in market capitalisation during the week. The company’s valuation rose by ₹36,529 crore, taking its total market value to approximately ₹11.64 lakh crore. Strong buying interest in telecom stocks and positive market sentiment helped Airtel emerge as the top performer among India’s most valuable companies.

Bajaj Finance followed closely with a weekly gain of ₹33,059 crore, pushing its market capitalisation to ₹6.43 lakh crore. Private sector lender ICICI Bank also witnessed strong investor confidence as its valuation increased by ₹16,084 crore, taking its total market cap beyond ₹10.11 lakh crore.

State-owned insurance giant Life Insurance Corporation (LIC) added ₹8,602 crore to its market value during the week, while HDFC Bank, India’s largest private lender by market capitalisation, gained ₹7,665 crore, raising its overall valuation to ₹12.34 lakh crore. Consumer goods major Hindustan Unilever Limited (HUL) also registered positive momentum, with its market cap increasing by ₹6,461 crore to reach ₹5.17 lakh crore.

However, not all heavyweight companies ended the week on a positive note. Four of the country’s top ten listed firms witnessed a decline in their market valuations despite the broader market rally.

Engineering and infrastructure major Larsen & Toubro (L&T) suffered the biggest erosion in market value, losing ₹26,572 crore during the week. Its total market capitalisation declined to ₹5.54 lakh crore.

India’s most valuable company, Reliance Industries, also witnessed a decline in investor wealth. The Mukesh Ambani-led conglomerate’s market capitalisation fell by ₹18,945 crore, although it continued to retain its position as the country’s largest listed company with a market value of ₹17.65 lakh crore.

State Bank of India (SBI) registered a decline of ₹4,846 crore in market capitalisation, reducing its valuation to ₹9.60 lakh crore, while information technology major Tata Consultancy Services (TCS) lost ₹1,031 crore, ending the week with a market cap of ₹7.57 lakh crore.

Despite these declines, the overall ranking of India’s most valuable companies remained largely unchanged. Reliance Industries continued to occupy the top position, followed by HDFC Bank in second place. Bharti Airtel strengthened its hold on the third position after its strong weekly gains, while ICICI Bank remained fourth. SBI occupied the fifth position, followed by TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever in the top ten list.

The gains in market capitalisation came alongside a positive week for the Indian stock market. During the week, the BSE Sensex advanced 663.44 points, while the Nifty 50 gained 214.85 points. On Friday, the Sensex climbed 261 points to close at 77,764, whereas the Nifty ended the session 95 points higher at 24,270, reflecting sustained buying across several sectors.

Market capitalisation, commonly known as market cap, represents the total value of a company’s outstanding shares. It is calculated by multiplying the current share price by the total number of shares available in the market. As stock prices rise or fall, a company’s market value changes accordingly.

Several factors influence market capitalisation, including financial performance, quarterly earnings, investor sentiment, economic conditions, corporate announcements, mergers, acquisitions and overall market trends. Positive developments generally lead to higher share prices and increased market value, while weak earnings, negative news or adverse economic conditions can result in a decline.

For companies, a higher market capitalisation enhances their ability to raise funds, secure loans and pursue expansion or acquisition opportunities. For investors, rising market value generally translates into appreciation in the value of their investments, while a decline in market capitalisation can reduce shareholder wealth and affect investment returns.

The latest weekly movement reflects continued investor preference for banking, financial services and telecom stocks, even as select large-cap companies witnessed profit booking during the period.

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