Top-10 Indian Firms Add Rs 88,678 Crore in Market Value; ICICI Bank Leads Gains
During a holiday-shortened week, six of India's top-10 most valued companies collectively gained Rs 88,678.1 crore in market capitalization, led by ICICI Bank with an increase of Rs 29,588.75 crore. HDFC Bank, Reliance Industries, Bajaj Finance, State Bank of India, and Larsen & Toubro also saw gains. Conversely, Bharti Airtel, Life Insurance Corporation of India, Tata Consultancy Services, and Hindustan Unilever experienced declines. Market sentiment was supported by easing crude oil prices, improved geopolitical conditions, and selective foreign institutional investor buying, contributing to modest gains in the BSE Sensex and NSE Nifty.