Investor appetite propelled six among India’s top 10 companies to a combined market cap gain of ₹63,478.46 crore last week, even as the pack showed divergence. L&T and SBI stole the show with outsized advances, highlighting sector-specific momentum in a market closing positively.
The BSE Sensex eked out a 0.22% gain of 187.95 points, underscoring steady inflows. L&T’s valuation rocketed ₹28,523.31 crore higher to ₹6,02,552.24 crore, fueled by defense and metro project buzz. SBI amassed ₹16,015.12 crore, hitting ₹11,22,581.56 crore on improved NPAs and treasury gains.
Joining the winners, HDFC Bank rose ₹9,617.56 crore to ₹14,03,239.48 crore, LIC advanced ₹5,977.12 crore to ₹5,52,203.92 crore, and Bajaj Finance notched ₹3,142.36 crore to ₹6,40,387 crore amid festive lending ramps.
On the flip side, Bharti Airtel tumbled ₹15,338.66 crore to ₹11,27,705.37 crore, grappling with 5G capex. ICICI Bank shed ₹14,632.10 crore to ₹9,97,346.67 crore, Infosys lost ₹6,791.58 crore to ₹5,48,496.14 crore on IT spending worries, and TCS dipped marginally ₹1,989.95 crore to ₹9,72,053.48 crore.
The marquee group includes HDFC Bank, Airtel, SBI, ICICI, TCS, Bajaj Finance, L&T, LIC, and Infosys. Technically, Nifty faces 25,800 resistance; breakthroughs could target 26,000+. Supports at 25,300/25,100 hold sway—a drop under 25,000 may unleash selling pressure and deepen market pullbacks.