India’s equity benchmarks lit up last week with a powerful surge, boosting the combined market cap of eight out of the top 10 companies by over ₹4.13 lakh crore. From March 6-10, the Sensex rocketed 5.77% or 4,230.70 points to 77,550.25, and Nifty advanced 5.89% or 1,337.50 points to 24,050.60, reflecting strong buying across sectors.
HDFC Bank stole the show, with its valuation soaring ₹91,282.67 crore to a massive ₹12,47,478.57 crore. ICICI Bank posted the second-highest gain of ₹76,036.36 crore, climbing to ₹9,46,741.85 crore. Bajaj Finance’s market cap swelled by ₹60,980.35 crore to ₹5,75,206.47 crore, highlighting NBFC strength.
Engineering giant L&T added ₹47,624.97 crore to reach ₹5,44,736.59 crore. Telecom leader Bharti Airtel’s value jumped ₹45,873.43 crore to ₹10,66,293.69 crore. SBI’s market cap grew ₹43,614.67 crore to ₹9,84,629.98 crore, TCS gained ₹26,303.49 crore to ₹9,13,331.92 crore, and HUL rose ₹21,287.29 crore to ₹5,06,477.89 crore.
In contrast, Infosys lost ₹3,285.03 crore, settling at ₹5,24,124.40 crore, while Reliance Industries edged down ₹947.28 crore to ₹18,27,086.79 crore. Reliance still holds the top spot, followed by HDFC Bank, Airtel, SBI, ICICI, and TCS in the valuation leaderboard.
The rally points to robust domestic demand and positive sentiment towards financials and consumer goods. With corporate results on the horizon, this upswing could set the tone for broader market recovery, drawing global investors back to Indian shores.
