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From the top-10 pack, Reliance Industries, TCS, Bharti Airtel, ICICI Bank, Infosys, Hindustan Unilever Ltd, Life Insurance Corporation, and Bajaj Finance were the gainers.
Last week, the BSE benchmark jumped 709.19 points or 0.87 per cent.
The combined market valuation of eight of the top-10 most valued firms jumped Rs 1,72,148.89 crore last week, with Reliance Industries leading the pack with the maximum gain, in line with a bullish trend in domestic equities. Last week, the BSE benchmark jumped 709.19 points or 0.87 per cent.
From the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, Infosys, Hindustan Unilever Ltd, Life Insurance Corporation of India (LIC) and Bajaj Finance were the gainers.
However, HDFC Bank and State Bank of India faced erosion in their valuation.
Reliance Industries added Rs 48,107.94 crore, taking its market valuation to Rs 19,07,131.37 crore.
The market capitalisation (mcap) of Hindustan Unilever jumped Rs 34,280.54 crore to Rs 6,17,672.30 crore.
Bharti Airtel’s valuation surged Rs 33,899.02 crore to Rs 11,02,159.94 crore, and that of Bajaj Finance zoomed Rs 20,413.95 crore to Rs 5,55,961.39 crore.
The mcap of Infosys edged higher by Rs 16,693.93 crore to Rs 6,18,004.12 crore, and that of TCS climbed Rs 11,487.42 crore to Rs 11,04,837.29 crore.
ICICI Bank added Rs 6,443.84 crore to its market valuation, which stood at Rs 10,25,426.19 crore.
The market valuation of LIC went up by Rs 822.25 crore to Rs 5,62,703.42 crore.
However, the mcap of HDFC Bank eroded by Rs 20,040.7 crore to Rs 15,08,346.39 crore.
The market valuation of State Bank of India declined by Rs 9,784.46 crore to Rs 7,53,310.70 crore.
Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC and Bajaj Finance.
Stock Market Last Week: Technical View
Dhupesh Dhameja, research analyst (derivatives) of SAMCO Securities, said, “The Nifty index wrapped up the week on a turbulent note, forming a shooting star candlestick pattern on the weekly chart. On Friday, the index not only erased the gains of the previous four sessions but also printed an evening star, like formation, reinforcing signs of fatigue. Crucially, Nifty slipped below its psychological mark and created a classic bull trap scenario. The index declined sharply by 213.65 points, closing at 24,870.10, a move that underscores caution among market participants.”
Currently, the index hovers near its critical support zone of 24,800, a confluence of the 50-day and 20-day exponential moving averages (DEMA) along with gap support. With the broader trend turning sideways-to-weak, any attempt to rise is likely to encounter stiff resistance. The index has carved out a key swing high at 25,150, and unless it decisively reclaims this level, selling pressure at higher zones will persist, he said.
“Price action suggests a cautious undertone, with immediate resistance shifting lower to the 25,000-25,100 band. As long as the Nifty remains range-bound between 24,800 and 25,150, choppy to muted sessions are likely. A breakout beyond these zones, however, may set the stage for directional momentum. Meanwhile, the daily RSI continues to hover just above 50, reflecting a persistent sideways bias,” Dhameja added.
(With Inputs From PTI)
Disclaimer:Network18 and TV18 – the companies that operate news18.com – are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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