Daijiworld Media Network - Mumbai

Mumbai, Jun 21: The combined market valuation of nine of the top-10 most valued Indian companies increased by Rs 2.15 lakh cr last week, driven by improved global investor sentiment and easing concerns over geopolitical tensions.

The BSE benchmark Sensex gained 1,274.95 points, or 1.68 per cent, during the week.

“Indian equity markets extended their recovery during the week, supported by easing geopolitical concerns, softer crude oil prices, and improving global risk sentiment. Although negotiations remain ongoing and the agreement is yet to be fully implemented, the reduction in geopolitical uncertainty has significantly improved market sentiment,” said Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm.

Bharti Airtel emerged as the biggest gainer among the top-10 firms, with its market capitalisation rising by Rs 52,432.67 cr to Rs 11,62,963.30 cr .

Life Insurance Corporation of India (LIC) added Rs 51,675.23 cr , taking its valuation to Rs 5,56,726.30 cr .

Bajaj Finance saw its market value rise by Rs 26,553.71 cr to Rs 5,98,501.25 cr , while Reliance Industries gained Rs 22,464.02 cr , reaching a valuation of Rs 17,71,882.96 cr .

Larsen & Toubro’s market capitalisation increased by Rs 21,929.12 cr to Rs 5,79,126.95 cr , while State Bank of India added Rs 16,753.57 cr to touch Rs 9,55,415.07 cr .

HDFC Bank’s valuation climbed by Rs 11,948.72 cr to Rs 12,01,263.14 cr , while Hindustan Unilever gained Rs 6,661.1 cr , taking its market value to Rs 5,15,946.75 cr .

ICICI Bank’s market capitalisation rose by Rs 4,724.22 cr to Rs 9,66,021.99 cr .

However, Tata Consultancy Services (TCS) was the only company among the top-10 to witness a decline, with its market value falling by Rs 12,699.49 cr to Rs 7,69,350.13 cr .

Reliance Industries continued to remain India’s most valued domestic company, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever.