The Indian stock market experienced notable movements with the BSE share price reaching a new intraday high of ₹2,670, reflecting an 8.3% rally on the National Stock Exchange. Reliance Power shares surged as much as 16%, hitting a 10-year high and rising 111% over the past year, driven by increased trading volumes. Reliance Infrastructure also saw an 11% increase, trading near its 52-week high. The Nifty PSU Bank index rallied 3%, adding approximately Rs 3.7 lakh crore to investor wealth, with major public sector banks such as SBI, Punjab National Bank, Indian Overseas Bank, Canara Bank, and Union Bank gaining between 2% and 4%. SBI shares specifically rose more than 2% off their lows. Conversely, some blue-chip stocks like Infosys, Mahindra & Mahindra, and ICICI Bank declined by 1.43%, 0.90%, and 0.73%, respectively. Other top gainers included Eternal (+4.98%), HDFC Bank (+0.73%), L&T (+0.46%), and Dr Reddy's (+0.22%), while Bajaj Auto (-3.10%), Hindalco Industries (-2.51%), HCL Tech (-1.99%), Shriram Finance (-1.98%), and Nestle India (-1.69%) were among the top losers. Market capitalization of four of the top-10 most valued firms increased by over Rs 1 lakh crore, with LIC leading gains by surging Rs 59,233.61 crore to Rs 6,03,120.16 crore. SBI's market cap rose by Rs 19,589.54 crore to Rs 7,25,036.13 crore, Bharti Airtel's by Rs 14,084.2 crore to Rs 10,58,766.92 crore, and HDFC Bank's by Rs 8,462.15 crore to Rs 14,89,185.62 crore. However, TCS saw a decline of Rs 17,909.53 crore to Rs 12,53,486.42 crore, Bajaj Finance dropped Rs 4,061.05 crore to Rs 5,70,146.49 crore, ICICI Bank fell Rs 2,605.81 crore to Rs 10,31,262.20 crore, Hindustan Unilever Ltd decreased by Rs 1,973.66 crore to Rs 5,52,001.22 crore, and Infosys also experienced a market cap decline. Q4FY25 earnings indicated a broad-based profit after tax rebound led by infrastructure, pharma, and capital goods sectors, despite muted consumption in autos and FMCG, with margin pressures in IT and uneven demand suggesting a non-linear recovery. Additionally, five sectors are projected to drive earnings growth in FY26 according to a portfolio manager.
#MarketsWithMC | Market valuation of four of top-10 most valued firms jumps Rs 1 lakh cr; LIC biggest gainer📊 More details 👇 https://t.co/KSMN7orifH #LIC #Markets #Firms
Market valuation of four of top-10 most valued firms jumps ₹1 lakh crore; LIC biggest gainer https://t.co/EK8LTUxsG6
The mcap of Bajaj Finance dropped by Rs 4,061.05 crore to Rs 5,70,146.49 crore and that of ICICI Bank declined by Rs 2,605.81 crore to Rs 10,31,262.20 crore. The valuation of Hindustan Unilever Ltd diminished by Rs 1,973.66 crore to Rs 5,52,001.22 crore and that of Infosys dived