Mumbai, February 22: The combined market valuation of six of India’s top 10 most valuable companies surged by ₹63,478.46 crore last week, reflecting steady investor interest as benchmark indices closed in positive territory.
The 30 share BSE Sensex ended the week higher by 187.95 points, or 0.22 percent, supporting gains in select heavyweights across sectors.
Larsen & Toubro, SBI Emerge as Top Gainers
Among the top performers, Larsen & Toubro recorded the sharpest rise in market capitalization. The company’s valuation climbed by ₹28,523.31 crore, taking its total market cap to ₹6,02,552.24 crore.State Bank of India followed closely, adding ₹16,015.12 crore to reach a valuation of ₹11,22,581.56 crore.
Private sector lender HDFC Bank saw its market capitalization increase by ₹9,617.56 crore, pushing its total valuation to ₹14,03,239.48 crore.
Similarly, Life Insurance Corporation of India gained ₹5,977.12 crore, with its valuation rising to ₹5,52,203.92 crore.
Non banking financial major Bajaj Finance also registered gains, adding ₹3,142.36 crore to reach a market cap of ₹6,40,387 crore.
Bharti Airtel, ICICI Bank Among Decliners
Despite the broader uptick, several blue chip stocks ended the week with lower valuations.Bharti Airtel witnessed the steepest decline among the top firms, with its market capitalization dropping by ₹15,338.66 crore to ₹11,27,705.37 crore.
ICICI Bank saw its valuation fall by ₹14,632.10 crore to ₹9,97,346.67 crore.
Technology majors also faced pressure. Infosys lost ₹6,791.58 crore in market value, bringing its total to ₹5,48,496.14 crore, while Tata Consultancy Services shed ₹1,989.95 crore, taking its valuation down to ₹9,72,053.48 crore.
Most Valued Companies in India
According to the latest ranking of the top 10 most valued firms, the list includes HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India, and Infosys.The reshuffling in market capitalizations reflects sector specific movements across banking, financial services, telecom, engineering, and information technology segments.
Nifty Technical Outlook: Key Resistance and Support Levels
On the technical front, analysts highlighted important levels for the Nifty index.Immediate resistance is placed at 25,800, followed by 26,000 and 26,200. On the downside, key support levels are seen at 25,300 and 25,100. A decisive move below 25,000 could intensify downside momentum and accelerate corrective pressure, according to market commentary.
As benchmark indices hold firm, investors will continue tracking sectoral rotation and index levels for near term cues in the Indian stock market.
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The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.