India’s equity markets ended the holiday-curtailed week on a high note, with eight out of the top 10 companies witnessing a combined market capitalization increase of ₹1.87 lakh crore. Analysts attribute this rally to positive sentiments from Iran-US peace negotiations, which eased global tensions and spurred buying activity.
The Sensex rose 1.22% or 943.29 points to 78,493.54, and the Nifty gained 1.26% or 302.95 points to close at 24,353.55 during the April 13-17 trading period, skipping April 14 for Ambedkar Jayanti.
Market cap leaders included LIC, which ballooned by ₹27,608.62 crore to ₹5,32,691.31 crore. TCS added ₹20,731.64 crore, reaching ₹9,34,063.56 crore, while Reliance Industries grew ₹20,231.05 crore to ₹18,47,317.84 crore, solidifying its top spot.
L&T’s valuation leaped ₹18,577.91 crore to ₹5,63,314.50 crore, ICICI Bank rose ₹18,266.82 crore to ₹9,65,008.67 crore, SBI increased ₹12,599.79 crore to ₹9,97,229.77 crore, and Infosys gained ₹10,650.1 crore, hitting ₹5,34,774.50 crore.
In contrast, HDFC Bank’s market cap fell ₹16,163.04 crore to ₹12,31,315.53 crore, and Bajaj Finance dropped ₹9,769.3 crore to ₹5,65,437.17 crore.
The top 10 lineup remains dominated by Reliance, HDFC Bank, Bharti Airtel, SBI, ICICI Bank, TCS, Bajaj Finance, L&T, Infosys, and LIC. This week’s gains highlight how external factors like diplomatic progress can significantly influence domestic markets, setting a bullish tone for investors.
