The combined market capitalisation of nine of India’s 10 most-valued companies surged by ₹2.51 lakh crore last week, with Bajaj Finance emerging as the biggest gainer, according to livemint.com. The domestic equity markets ended the week strongly, with the BSE Sensex rising 2,034.87 points (2.67%) and the NSE Nifty advancing 616.15 points (2.59%).
The market rally was driven by robust gains across key sectors, boosting valuations of leading firms including Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, and State Bank of India. Bajaj Finance recorded the largest increase among the top-10 firms, reflecting strong investor interest. The overall market sentiment was positive, supported by favorable economic data and corporate earnings reports, as reported by livemint.com.
This rise in market capitalisation underscores the resilience of India’s equity markets amid global uncertainties. The surge in valuations of major companies highlights investor confidence in the country’s growth prospects. Compared to previous weeks, the ₹2.51 lakh crore jump marks a significant shift, reinforcing India’s position as a key destination for equity investment, according to thehindubusinessline.com.
The BSE Sensex closed at 78,094.64 points, up 166.49 points, while the NSE Nifty ended at 24,383.60 points, gaining 66.45 points, as per thehindubusinessline.com. These figures reflect the sustained momentum in the Indian stock market during the week ending August 1.