Home / Business and Economy / Sensex Climbs Nearly 1% as SBI, HDFC Bank Lead Gains in Holiday-Shortened Week
Sensex Climbs Nearly 1% as SBI, HDFC Bank Lead Gains in Holiday-Shortened Week
17 Aug
Summary
- Sensex and Nifty rise over 1% in holiday-shortened week
- Top 5 firms gain $8.5 billion in market valuation
- SBI and HDFC Bank emerge as top gainers
In the week leading up to August 17, 2025, the Indian stock market experienced a strong performance despite the holiday-shortened trading period. The benchmark Sensex index climbed 739.87 points, or 0.92%, while the Nifty edged higher by 268 points, or 1.10%.
The gains were driven by a positive trend in equities, with five of the top-10 most valued firms seeing their combined market valuation increase by ₹60,675.94 crore (approximately $8.5 billion). State Bank of India (SBI) and HDFC Bank emerged as the lead gainers, with SBI's valuation jumping ₹20,445.82 crore and HDFC Bank's surging ₹14,083.51 crore.
Other top performers included Infosys, which added ₹9,887.17 crore to its market capitalization, and Bharti Airtel, whose valuation increased by ₹8,410.6 crore. Reliance Industries also saw its market cap go up by ₹7,848.84 crore.
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However, not all the news was positive, as the market valuation of Life Insurance Corporation of India (LIC) tumbled ₹15,306.5 crore, and Bajaj Finance faced an erosion of ₹9,601.08 crore. ICICI Bank and Tata Consultancy Services (TCS) also saw declines in their market capitalization.
Despite these mixed results, the overall trend in the Indian stock market remained positive, with the Sensex and Nifty both posting gains in the holiday-shortened week.
