Mumbai’s stock market delivered a mixed bag for India’s top 10 most valuable companies last week, with six powerhouses posting substantial gains totaling ₹63,478.46 crore in market capitalization. Leading the charge were engineering giant Larsen & Toubro (L&T) and public sector behemoth State Bank of India (SBI), showcasing investor confidence amid broader market positivity.
The BSE Sensex, comprising 30 key stocks, climbed 187.95 points or 0.22% to close on a high note, reflecting sustained buying interest. L&T’s market cap surged by an impressive ₹28,523.31 crore, reaching ₹6,02,552.24 crore, underscoring its robust order book and infrastructure push. SBI followed closely, with its valuation jumping ₹16,015.12 crore to ₹11,22,581.56 crore, bolstered by strong lending growth and asset quality improvements.
HDFC Bank added ₹9,617.56 crore to hit ₹14,03,239.48 crore, while Life Insurance Corporation of India (LIC) gained ₹5,977.12 crore, now at ₹5,52,203.92 crore. Bajaj Finance rounded out the winners with a ₹3,142.36 crore increase to ₹6,40,387 crore.
Not all giants shared the spoils. Bharti Airtel shed ₹15,338.66 crore, settling at ₹11,27,705.37 crore, pressured by competitive telecom dynamics. ICICI Bank lost ₹14,632.10 crore to ₹9,97,346.67 crore, Infosys dropped ₹6,791.58 crore to ₹5,48,496.14 crore, and TCS trimmed ₹1,989.95 crore to ₹9,72,053.48 crore.
The top 10 roster features HDFC Bank, Bharti Airtel, SBI, ICICI Bank, TCS, Bajaj Finance, L&T, LIC, and Infosys. Market watchers eye Nifty’s technicals closely: 25,800 acts as immediate resistance, with 26,000 and 26,200 as key hurdles ahead. Supports lie at 25,300 and 25,100; a decisive break below 25,000 could trigger sharper corrections and heightened volatility.