Stock Market Weekly Review: HDFC Bank and Bharti Airtel Shine as ITC, SBI, and TCS Suffer Losses

The Indian stock market witnessed a strong performance last week, with six out of the top 10 companies registering a significant increase in their market capitalization. However, four companies, including ITC, SBI, Hindustan Unilever, and TCS, faced heavy losses.

Market Overview

During the week, the BSE Sensex gained 354.23 points (0.45%), while the Nifty added 77.8 points (0.33%). Despite the weekly gains, both indices closed lower on Friday. The Sensex declined by 198 points (0.25%), settling at 77,860, while the Nifty lost 43 points (0.18%), closing at 23,560.

Top Gainers of the Week

Among the top-performing companies, HDFC Bank and Bharti Airtel emerged as the biggest gainers, witnessing a remarkable increase in their market capitalization.

Biggest Losers of the Week

Four major companies experienced a decline in their market capitalization, with ITC leading the losses.

India’s Most Valuable Companies

Despite market fluctuations, Reliance Industries retained its position as the most valuable company in India. Below is the latest ranking of the top 10 companies based on market capitalization:

1. Reliance Industries – ₹17,14,348.66 crore
2. TCS – ₹14,57,854.09 crore
3. HDFC Bank – ₹13,25,090.58 crore
4. Bharti Airtel – ₹9,56,205.34 crore
5. ICICI Bank – ₹8,87,632.56 crore
6. Infosys – ₹7,90,074.08 crore
7. SBI – ₹6,57,789.12 crore
8. Hindustan Unilever – ₹5,55,361.14 crore
9. ITC – ₹5,39,129.60 crore
10. Bajaj Finance – ₹5,24,312.82 crore

The stock market remained volatile throughout the week, with banking and telecom stocks performing well while FMCG and IT stocks saw losses. Investors will be keenly watching the upcoming sessions for further trends and economic cues.