Now Reading: Four top firms gain Rs 1.43 lakh crore, SBI biggest winner
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Four top firms gain Rs 1.43 lakh crore, SBI biggest winner
Last week, the combined market valuation of four of India's top-10 most valued firms jumped Rs 1.43 lakh crore, with State Bank of India leading the gainers. The Economic Times reports SBI…
The Story in Brief
Last week, the combined market valuation of four of India's top-10 most valued firms jumped Rs 1.43 lakh crore, with State Bank of India leading the gainers. The Economic Times reports SBI added Rs 63,922 crore, while Reliance Industries, TCS and Larsen & Toubro also saw gains.
However, six other firms including LIC, Bajaj Finance and HDFC Bank faced a combined erosion of Rs 1.23 lakh crore. The BSE Sensex rose 404.53 points and Nifty gained 187.05 points during the week.
The Indian Opinion
The weekly market cap shuffle shows a split: PSU banks like SBI surged while insurers and private lenders fell. The hype around SBI crossing Rs 10 lakh crore may mask broader volatility from RBI's policy and the new CAS framework. The real test is next month's quarterly earnings for these heavyweights, not just a weekly snapshot.
Source: economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
