Daijiworld Media Network - Mumbai

Mumbai, Nov 16: India’s equity markets staged a robust rebound last week, helping eight of the country’s top 10 most valued firms collectively add Rs 2,05,185.08 crore to their market capitalisation. Bharti Airtel and Reliance Industries emerged as the biggest contributors to the surge.

The upbeat sentiment pushed the BSE Sensex up by 1,346.5 points (1.62%) while the NSE Nifty rose 417.75 points (1.64%), ending the week firmly in the green after a period of volatility.

Bharti Airtel recorded the sharpest jump, with its market value soaring by Rs 55,652.54 crore, taking its mcap to Rs 11,96,700.84 crore.

Close behind, Reliance Industries Ltd (RIL) added Rs 54,941.84 crore, strengthening its position as India’s most valued company with a market capitalisation of Rs 20,55,379.61 crore.

IT major Tata Consultancy Services (TCS) saw its valuation climb by Rs 40,757.75 crore to Rs 11,23,416.17 crore, while ICICI Bank added Rs 20,834.35 crore, taking its market cap to Rs 9,80,374.43 crore.

Among others,

• State Bank of India gained Rs 10,522.9 crore (mcap: Rs 8,92,923.79 crore)

• Infosys added Rs 10,448.32 crore (mcap: Rs 6,24,198.80 crore)

• HDFC Bank rose by Rs 9,149.13 crore (mcap: Rs 15,20,524.34 crore)

• Hindustan Unilever increased by Rs 2,878.25 crore (mcap: Rs 5,70,187.06 crore)

However, two companies ended the week in the red. Bajaj Finance saw its market value fall by Rs 30,147.94 crore to Rs 6,33,573.38 crore, while Life Insurance Corporation of India (LIC) dipped by Rs 9,266.12 crore to Rs 5,75,100.42 crore.

Reliance retained its crown as the country’s most valued firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, SBI, Bajaj Finance, Infosys, LIC, and Hindustan Unilever.