India’s equity market witnessed a solid jump last week as the combined market capitalisation (m-cap) of six of the country’s top-10 most-valued firms increased by ₹63,478.46 crore. The surge reflects renewed buying interest in select heavyweight stocks, especially in banking and infrastructure sectors.
Market capitalisation is the total value of a company’s shares in the stock market. When m-cap rises sharply, it usually means investors are confident and expect better profits. The latest weekly data shows that large companies received steady investment even though global markets were mixed.
Engineering and banking giants saw strong buying during the week. Shares of Larsen & Toubro rose sharply, increasing its total market value. The company gained support from new project orders, steady government spending on infrastructure, and positive outlook for capital investment in India.
Public sector banking major State Bank of India also saw a sharp jump in valuation. Its market capitalisation rose by more than ₹16,000 crore during the week. Healthy loan growth, stable asset quality, and improving profitability supported investor sentiment toward the stock.
Private sector lenders also remained firm. Strong credit demand in retail and corporate segments has continued to strengthen the earnings outlook for major banks. The financial sector overall played a central role in lifting the total valuation of top companies.
While banking and infrastructure companies advanced, the information technology segment showed weakness. Some of the country’s largest IT exporters experienced a fall in valuation.
Tata Consultancy Services saw its market capitalisation decline by nearly ₹6,800 crore during the week. Another major IT player, Infosys, witnessed a drop of around ₹2,000 crore in its valuation. The fall came amid cautious global demand trends and slower discretionary technology spending in overseas markets.
Although Indian IT firms continue to invest in artificial intelligence and digital services, short-term investor sentiment remained selective. Recent commentary from company leadership highlighted growing revenue from AI-based services, but overall sector movement stayed uneven.
Among India’s most-valued companies, Reliance Industries stayed at the top. Its total market value was about ₹19.22 lakh crore after a small weekly increase. Its strong presence in energy, telecom, and retail businesses helps it remain the most valuable company.
HDFC Bank continued to be one of the top private banks by market value. Steady profits and good deposit growth kept investor confidence strong.
Telecom company Bharti Airtel saw a slight fall in its valuation during the week. Some investors booked profits, and money moved to other sectors.
At the same time, Life Insurance Corporation of India gained market value. Better premium collections and growing interest in insurance stocks supported the rise. Non-banking finance company Bajaj Finance also saw its value increase as demand for loans and consumer finance stayed strong.
Many reasons helped the market value rise by more than ₹63,000 crore. First, strong economic data improved investor confidence. India’s growth outlook is steady compared to many other countries.
Second, good quarterly results from banks and capital goods companies encouraged investors to buy shares. Higher profits, stable loan quality, and strong order books supported this trend.
Third, foreign institutional investors invested carefully in leading stocks. Even though global markets were volatile, India’s large companies attracted steady investment because their earnings outlook looks clear.
Government spending on infrastructure projects also boosted confidence in engineering and construction companies. Continued support for manufacturing and capital investment further improved overall market sentiment.
The recent rise in market capitalisation shows that investors are moving toward sectors like banking and infrastructure. These sectors usually benefit when the economy improves and interest rates change. Investors are choosing companies that have strong finances and steady profit growth.
At the same time, not all sectors moved up together. Gains were seen mainly in a few large companies, while others did not see much change. This shows that the market is being selective.
The ₹63,478.46 crore increase in the combined m-cap of six top firms shows that India’s equity market remains strong. Technology stocks faced some short term pressure, but banking and infrastructure companies supported the market.
If company profits continue to grow and the economy stays stable, large company valuations may remain steady in the coming weeks. The latest data shows that investors are positive but still careful, focusing on companies with clear growth and stable performance.