Last week painted a tale of winners and laggards among India’s top 10 firms, where six amassed a hefty ₹63,478.46 crore in market cap growth. Infrastructure leader L&T and banking titan SBI spearheaded the rally, buoyed by macroeconomic tailwinds and earnings optimism.
Aligning with the trend, BSE Sensex rose 187.95 points or 0.22%. L&T’s market cap ballooned by ₹28,523.31 crore to ₹6,02,552.24 crore, riding high on order inflows. SBI surged ₹16,015.12 crore to ₹11,22,581.56 crore, aided by digital banking strides.
HDFC Bank’s cap expanded ₹9,617.56 crore to ₹14,03,239.48 crore, LIC grew ₹5,977.12 crore to ₹5,52,203.92 crore on policy sales momentum, and Bajaj Finance lifted ₹3,142.36 crore to ₹6,40,387 crore.
Decliners included Bharti Airtel, down ₹15,338.66 crore to ₹11,27,705.37 crore due to ARPU challenges; ICICI Bank fell ₹14,632.10 crore to ₹9,97,346.67 crore; Infosys retreated ₹6,791.58 crore to ₹5,48,496.14 crore; TCS slipped ₹1,989.95 crore to ₹9,72,053.48 crore.
Key players: HDFC Bank, Airtel, SBI, ICICI Bank, TCS, Bajaj Finance, L&T, LIC, Infosys. Nifty’s chart signals caution: 25,800 as near-term barrier, eyeing 26,000/26,200 next. Key floors at 25,300/25,100; sustained breach below 25,000 could spark corrective weakness and broader sell-offs.