The combined market valuation of eight of the top-10 most valued firms surged by Rs 1,87,497.45 crore in a holiday-shortened last week, with Bharti Airtel emerging as the biggest gainer, in line with a positive trend in equities.
Last week, the BSE benchmark Sensex jumped 943.29 points or 1.21 per cent, and the NSE Nifty climbed 302.95 points or 1.25 per cent.
“Markets ended the truncated week with notable gains, extending their uptrend for the second consecutive week, supported by easing geopolitical tensions and improving risk sentiment. Optimism surrounding a potential USIran peace agreement underpinned market confidence, while stable domestic fundamentals further aided momentum,” Ajit Mishra SVP, Research, Religare Broking Ltd, said.
The market valuation of Bharti Airtel jumped Rs 58,831.52 crore to Rs 11,25,125.21 crore, the most among the top-10 firms.
The valuation of Life Insurance Corporation of India (LIC) surged Rs 27,608.62 crore to Rs 5,32,691.31 crore.
Tata ConsultaThe combined market valuation of eight of the top-10 most valued firms surged by Rs 1,87,497.45 crore in a holiday-shortened last week, with Bharti Airtel emerging as the biggest gainer, in line with a positive trend in equities.
Last week, the BSE benchmark Sensex jumped 943.29 points or 1.21 per cent, and the NSE Nifty climbed 302.95 points or 1.25 per cent.
“Markets ended the truncated week with notable gains, extending their uptrend for the second consecutive week, supported by easing geopolitical tensions and improving risk sentiment. Optimism surrounding a potential USIran peace agreement underpinned market confidence, while stable domestic fundamentals further aided momentum,” Ajit Mishra SVP, Research, Religare Broking Ltd, said.
The market valuation of Bharti Airtel jumped Rs 58,831.52 crore to Rs 11,25,125.21 crore, the most among the top-10 firms.
The valuation of Life Insurance Corporation of India (LIC) surged Rs 27,608.62 crore to Rs 5,32,691.31 crore.
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