Overview of the Recent Market Trends
Last week, the Indian stock market showcased significant growth, particularly reflected in the performance of the BSE Sensex, which soared by 1,027.54 points or 1.21%. On September 27, the Sensex reached an impressive all-time high of 85,978.25 points. This bullish sentiment contributed to a collective market capitalization increase of Rs 1,21,270.83 crore for eight of the top ten most valuable companies in the Sensex.
Key Gainers on the Sensex
Among the prominent gainers, Reliance Industries led the pack with a significant rise in market capitalization, which increased by Rs 53,652.92 crore, bringing its total market cap to Rs 20,65,197.60 crore. Other notable gainers included:
| Company | Market Cap Increase (Rs crore) | Total Market Cap (Rs crore) |
|---|---|---|
| State Bank of India (SBI) | 18,518.57 | 7,16,333.98 |
| Bharti Airtel | 13,094.52 | 9,87,904.63 |
| ITC | 9,927.3 | 6,53,834.72 |
| Tata Consultancy Services (TCS) | 8,592.96 | 15,59,052.00 |
| HDFC Bank | 8,581.64 | 13,37,186.93 |
| Life Insurance Corporation of India (LIC) | 8,443.87 | 6,47,616.51 |
| Infosys | 459.05 | 7,91,897.44 |
Decliners in the Market
In contrast to the upward trend, two companies faced declines in their market capitalization during the same period. ICICI Bank saw a decrease of Rs 23,706.16 crore, bringing its total market cap to Rs 9,20,520.72 crore. Similarly, Hindustan Unilever’s market cap fell by Rs 3,195.44 crore, now totaling Rs 6,96,888.77 crore.
Current Rankings
Following these market movements, the current rankings of the top ten companies in the Sensex are as follows:
- Reliance Industries
- Tata Consultancy Services (TCS)
- HDFC Bank
- Bharti Airtel
- ICICI Bank
- Infosys
- State Bank of India
- Hindustan Unilever
- ITC
- Life Insurance Corporation of India (LIC)
Upcoming Listings
Looking ahead, the week starting September 30 will witness the listing of twelve new companies in the stock market. Manba Finance will debut on the BSE and NSE mainboard on September 30. Additionally, shares of Rapid Valves (India) and WOL 3D will be listed on the NSE SME segment. Other companies set to be listed include Thinking Hats Entertainment Solutions, Unilex Colors and Chemicals, among others, throughout the week.
