Market Cap of Top Firms Surges ₹1 Lakh Crore Post-Muhurat Trading, SBI and ICICI Bank Lead Gains 

In total, six of India's top 10 most valuable companies reported a scorching rally in mcap last week. Their aggregate mcap surged by ₹1,07,366.05 crore. Of these, SBI and ICICI Bank were at the forefront. It was indeed a good start to new Samvat 2081 after the special Muhurat Trading session both on November 1st. Organized by BSE as well as NSE to usher in Diwali celebrations.

The BSE Sensex benchmark rose by 321.83 points (0.40 percent) during the last week of the previous month. Elevation was seen in major companies such as Reliance Industries, ITC, LIC, and Hindustan Unilever, excluding SBI and ICICI Bank. Growth did not filter through to all high-profile firms, as decline in valuation was seen by Tata Consultancy Services, HDFC Bank, Bharti Airtel, and Infosys.

Gainers: SBI and ICICI Bank
SBI emerged as the gainer with its market valuation surging by ₹36,100.09 crore, thus pushing its mcap to ₹7,32,755.93 crore. ICICI Bank was the next in the fray with a jump of ₹25,775.58 crore, thus taking its market valuation to ₹9,10,686.85 crore. These gains bring out the great performance by India's banking sector, especially the public and private sector leaders like SBI and ICICI.

Other Significant Gainers: LIC, Reliance Industries, ITC, and Hindustan Unilever
Life Insurance Corporation (LIC) also rose by ₹16,887.74 crore to ₹5,88,509.41 crore. The largest domestic company in the country is Reliance Industries, which increased its mcap by ₹15,393.45 crore, taking it to ₹18,12,120.05 crore. ITC added ₹10,671.63 crore and Hindustan Unilever ₹2,537.56 crore to ₹5,96,408.50 crore.

Losers: TCS, Infosys, Bharti Airtel, HDFC Bank
Not all companies were benefitted from last week's trading, as some of the most valued companies had their market caps decreased. Infosys was the most affected one with a reduction of ₹38,054.43 crore, thereby bringing its valuation to ₹7,31,442.18 crore. Bharti Airtel and TCS saw declines of ₹27,299.54 crore and ₹26,231.13 crore respectively, while Bharti Airtel mcap is at ₹9,20,299.35 crore and TCS at ₹14,41,952.60 crore. Valuations of HDFC Bank declined as well, with a decrease of ₹3,662.78 crore at ₹13,26,076.65 crore.

Reliance Industries Still at No
Reliance Industries continues to be the largest in India, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, SBI, Infosys, ITC, Hindustan Unilever, and LIC. Results from the Muhurat Trading session indicate that the market had a good Diwali start with investors showing confidence, mainly in the financial and insurance sectors.

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