Stock Market Surge: RIL and Airtel Drive Massive Gains as Sensex Climbs 1.5% in a Week
The Indian stock market witnessed a significant rally last week, with the BSE Sensex surging by approximately 1,289.6 points or 1.58%. This uptrend added substantial value to leading companies, with Reliance Industries Limited (RIL) and Bharti Airtel emerging as the top contributors to the overall market capitalization growth.
Telecom and Energy Lead the Charge
Bharti Airtel and RIL were key drivers of last week’s gains. Bharti Airtel added an impressive ₹54,056 crore to its market value, closing the week with a total market capitalization of ₹11.04 lakh crore. The company’s stock price rose nearly 4%, closing at ₹1,934 per share. The surge was largely attributed to strong investor confidence in the telecom sector, driven by increasing data consumption and the company’s expanding 5G network.
Reliance Industries also posted a strong performance, adding about ₹50,070 crore in market value, pushing its total market capitalization to approximately ₹19.82 lakh crore. Reliance’s shares advanced by 2.5%, ending the week at ₹1,464.10 per share. Analysts attribute this growth to optimism surrounding Reliance’s energy, retail, and telecom segments, as well as positive market sentiment regarding its future growth trajectory.
Financial and IT Stocks Join the Rally
Besides telecom and energy, several major financial and IT companies also contributed to the market’s upward movement. HDFC Bank, India’s largest private lender, saw its market capitalization increase by approximately ₹38,504 crore, closing the week with a valuation of around ₹15.07 lakh crore. The bank’s continued focus on improving asset quality and stable growth in its loan book have kept investors positive.
Infosys, one of India’s leading IT services companies, added about ₹8,433 crore in market value, with a closing valuation of ₹6.74 lakh crore. The gains in IT stocks like Infosys were supported by expectations of steady demand for digital services and improved revenue pipelines despite global macroeconomic uncertainties.
ICICI Bank also participated in the rally, adding around ₹8,012 crore to its market value and reaching a total market capitalization of approximately ₹10.18 lakh crore. Investor confidence in ICICI Bank remains strong, driven by its consistent financial performance and digital banking initiatives.
State Bank of India (SBI), the country’s largest public sector bank, experienced a market cap addition of ₹3,213 crore, ending the week with a valuation of around ₹7.10 lakh crore. The stock’s resilience continues to reflect the strength of India’s banking sector recovery and SBI’s strategic growth plans.
Losses in Select Companies
While many large-cap stocks posted gains, a few significant players experienced a decline in their market capitalization. Bajaj Finance saw a loss of approximately ₹17,876 crore, reflecting investor caution despite the company’s robust lending business. Tata Consultancy Services (TCS) recorded a drop of about ₹4,613 crore, while Hindustan Unilever Limited (HUL) and Life Insurance Corporation (LIC) lost ₹3,336 crore and ₹1,107 crore respectively.
The minor setbacks in these companies are seen as part of normal market fluctuations, as investors rotated funds into more aggressively growing sectors like telecom and energy.
Top 10 Most Valued Companies
By the end of the week, the ten most valued Indian companies included Reliance Industries, HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance, and HUL. These companies continue to dominate the Indian corporate landscape in terms of market capitalization and investor attention.
Overall Market Outlook
The broader market rally highlights growing investor confidence in key sectors such as telecom, banking, energy, and information technology. The significant addition to market capitalizations indicates robust participation from institutional investors, supported by positive domestic economic indicators and expectations of continued earnings growth.
Experts believe the stock market could maintain its upward trajectory in the coming weeks, especially if key companies continue to report solid quarterly results and global market conditions remain stable. However, they also caution that intermittent corrections may occur, driven by profit booking and global uncertainties.
Conclusion: Strong Weekly Gains Led by Market Heavyweights
The Indian stock market’s performance last week showcased a strong rally powered by heavyweight companies like Bharti Airtel and Reliance Industries. While some companies faced moderate declines, the overall sentiment remained bullish. With multiple sectors contributing to the gains, the Sensex’s 1.5% weekly surge reflects both sectoral strength and investor optimism about India’s economic prospects.
:
The image added is for representation purposes only