Last week, the BSE benchmark Sensex jumped 4,230.7 points or 5.77 per cent, and the NSE Nifty surged 1,337.5 points or 5.88 per cent.
“Sentiment remained buoyant amid optimism surrounding a temporary US–Iran ceasefire, although lingering geopolitical uncertainties capped the pace of gains as the week progressed,” Ajit Mishra, SVP, Research, Religare Broking Ltd, said.
A sharp decline in crude oil prices below the USD 100 mark eased domestic concerns and triggered a strong rebound across markets, he added.
From the top-10 pack, HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Reliance Industries and Infosys faced erosion from their valuation.
HDFC Bank added ₹91,282.67 crore, taking its market valuation to ₹12,47,478.57 crore.
The valuation of ICICI Bank jumped ₹76,036.36 crore to ₹9,46,741.85 crore, and that of Bajaj Finance surged by ₹60,980.35 crore to ₹5,75,206.47 crore.
The market capitalisation (mcap) of Larsen & Toubro zoomed by ₹47,624.97 crore to ₹5,44,736.59 crore, and that of Bharti Airtel climbed ₹45,873.43 crore to ₹10,66,293.69 crore.
State Bank of India’s mcap soared ₹43,614.67 crore to ₹9,84,629.98 crore, and that of TCS edged higher by ₹26,303.49 crore to ₹9,13,331.92 crore.
The market valuation of Hindustan Unilever rallied ₹21,287.29 crore to ₹5,06,477.89 crore.
However, the mcap of Infosys declined by ₹3,285.03 crore to ₹5,24,124.40 crore.
The valuation of Reliance Industries diminished by ₹947.28 crore to ₹18,27,086.79 crore.
Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Infosys and Hindustan Unilever.
