Last week, the BSE benchmark Sensex climbed 404.53 points, or 0.51%, and the NSE Nifty went up by 187.05 points, or 0.76%.
“Markets ended the week with modest gains despite heightened volatility, as investors navigated the roll-out of the new Closing Auction Session (CAS) framework for F&O stocks, the Reserve Bank of India’s monetary policy decision, and lingering geopolitical uncertainties,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
From the top-10 pack, Reliance Industries, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro were the gainers, while Bharti Airtel, HDFC Bank, ICICI Bank, Bajaj Finance, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced a combined erosion of ₹1.23 lakh crore from their valuation.
State Bank of India added ₹63,922.03 crore, taking its market valuation to ₹10,11,721.84 crore.
The valuation of Reliance Industries jumped ₹32,816.4 crore to ₹18,01,925.19 crore, and that of TCS surged ₹31,875.35 crore to ₹8,87,770.13 crore.
The market capitalisation (mcap) of Larsen & Toubro climbed ₹14,637.76 crore to ₹5,56,482.45 crore.
However, the valuation of LIC tumbled ₹40,543.23 crore to ₹4,96,891.82 crore.The mcap of Bajaj Finance eroded by ₹37,168.96 crore to ₹6,73,648.55 crore, and that of HDFC Bank dropped ₹24,183.16 crore to ₹11,27,967.47 crore.
The valuation of ICICI Bank declined by ₹9,507.67 crore to ₹10,20,370.63 crore, and that of Bharti Airtel eroded by ₹7,581.65 crore to ₹12,22,423.98 crore.
The mcap of Hindustan Unilever dipped by ₹4,793.16 crore to ₹4,88,808.97 crore.
Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever.
