Which companies saw their market valuation increase last week?

State Bank of India, Infosys, and ICICI Bank saw their market valuations increase last week.

What was the overall trend in the equity market last week?

The overall trend in the equity market was sluggish, with the BSE Sensex dipping slightly.

How much did Reliance Industries' market valuation decrease?

Reliance Industries' market valuation decreased by ₹23,952.48 crore.

Home / Business and Economy / Market Cap Surge: SBI, Infosys Lead Gains Amidst Dip

Market Cap Surge: SBI, Infosys Lead Gains Amidst Dip

18 Jan

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Summary

Combined market valuation of top firms jumped ₹75,855 crore.
SBI and Infosys were the biggest gainers last week.
Equity markets saw a sluggish trend with minor Sensex dip.

Market Cap Surge: SBI, Infosys Lead Gains Amidst Dip

The combined market valuation of three prominent Indian companies experienced a substantial increase of ₹75,855.43 crore during the past holiday-shortened trading week. State Bank of India (SBI) and Infosys led this surge, with SBI's market capitalization alone jumping by ₹39,045.51 crore to over ₹9.62 lakh crore. Infosys also saw a significant rise, adding ₹31,014.59 crore to its valuation.

This significant gain for SBI, Infosys, and ICICI Bank contrasted with a broader sluggish trend in the equity markets. The benchmark BSE Sensex dipped by 5.89 points, while the NSE Nifty saw a modest increase of 11.05 points. However, the collective increase in valuation for the top three firms outpaced the erosion experienced by other major companies.