Market recap: Top-10 firms add Rs 2.51 lakh crore; Bajaj Finance biggest winner
India's top-valued companies saw a significant market rally last week, with Bajaj Finance leading the gains following strong quarterly earnings. The overall market sentiment improved due to easing oil prices and increased foreign institutional investment.
Why it matters
Market performance of top-tier Indian firms is a key indicator of the country's economic health and investor confidence in the region.
India's biggest listed companies added Rs 2.51 lakh crore in market value last week as a rally on Dalal Street lifted nine of the top-10 most-valued firms. Bajaj Finance emerged as the biggest gainer after its June-quarter earnings, while Hindustan Unilever was the only company to end the week with a lower valuation.BSE Sensex climbed 2,034.87 points, or 2.67%, during the week, while NSE Nifty gained 616.15 points, or 2.59%."Markets staged a strong rebound during the week, snapping their recent losing streak as easing crude oil prices, improving geopolitical sentiment, encouraging Q1 FY27 earnings, and renewed foreign institutional investor (FII) buying lifted risk appetite," Ajit Mishra – SVP, Research, Religare Broking Ltd, told PTI.Nine of the 10 most-valued companies ended the week with higher market valuations.
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