The combined market value of seven of the top ten most valued companies in India surged by Rs 2,10,254.96 crore, driven by strong momentum in the stock markets last week. Among the biggest gainers were Tata Consultancy Services (TCS) and State Bank of India (SBI).
During the week, the 30-share Sensex rose by 1,134.48 points (1.55%), while the Nifty gained 427.8 points (1.93%). This positive trend contributed to significant increases in the market capitalisations of several large companies.
TCS saw a substantial rise of Rs 46,094.44 crore, pushing its market value to Rs 13,06,599.95 crore, and regaining its position as the second most valued company in India. SBI's market capitalisation grew by Rs 39,714.56 crore, reaching Rs 6,53,951.53 crore, while Bharti Airtel’s valuation rose by Rs 35,276.3 crore to Rs 9,30,269.97 crore, PTI reported.
Other companies that saw gains include ITC, which added Rs 11,425.77 crore to reach a total valuation of Rs 5,05,293.34 crore, and ICICI Bank, whose market value increased by Rs 7,939.13 crore to Rs 8,57,743.03 crore. Hindustan Unilever also saw a rise of Rs 2,819.51 crore, bringing its market value to Rs 5,17,802.92 crore.
On the other hand, some companies experienced declines. HDFC Bank’s market capitalisation dropped by Rs 31,832.92 crore, falling to Rs 12,92,578.39 crore. Bajaj Finance’s valuation decreased by Rs 8,535.74 crore to Rs 5,20,981.25 crore, and Infosys saw a slight dip of Rs 955.12 crore, bringing its market value to Rs 7,00,047.10 crore.
By the end of the week, the most valued companies in India were TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, Bajaj Finance, Hindustan Unilever, and ITC.
What's next ?According to Ajit Mishra, SVP, Research at Religare Broking Ltd, key global factors to watch include updates on tariff negotiations, geopolitical tensions, and their potential impact on the US dollar and crude oil prices.
"Foreign Institutional Investors (FIIs) have slowed their selling in cash markets, but any shift in their stance will remain a crucial indicator for market direction. On the macroeconomic front, the release of the Index of Industrial Production (IIP) and Consumer Price Index (CPI) inflation data will also be closely tracked," Ajit Mishra told ANI.
Meanwhile, Asutosh Mishra, Head of Institutional Equities Research at Ashika Stock Broking, expects the upcoming week to be volatile, with global trade concerns, macroeconomic data, and FII flows playing a key role in determining market direction.
"Investor sentiment will remain cautious, with defensive sectors and large caps likely to outperform in the near term. We expect the consumer, BFSI, and metal sectors to remain in focus," he said.
"While some reversal trends have been observed in broader markets, concerns regarding earnings downgrades and expensive valuations persist, making investors cautious," he further noted.
Investor eyes on China, US inflation dataThe research team at Bajaj Broking, in its weekly outlook note, highlighted that next week will see the release of key economic data from China, India, and the United States, which could influence global markets.
- On March 9, China will release its Consumer Price Index (CPI) and Producer Price Index (PPI) for February, providing insights into inflation trends that may impact commodity prices and trade sentiment.
- On March 12, India will release its CPI (YoY) for February and Industrial Production (YoY) data for January, which will offer insights into inflation and the overall health of the economy. The US will also release its CPI (YoY) for February, a crucial indicator for the Federal Reserve's policy outlook.
(With input from agencies)
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
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