5 of Top 10 Most Valued Firms Add Rs 60,675 Cr as Market Recovers From Trump Tariff Fears; SBI, RIL Top Gainer

Five of the ten most valued firms added nearly Rs 60,675 crore to the stock market valuation last week as the Indian stock market recovered from losses post Donald Trump tariffs announcement. Sensex surged around 360 points last week, whereas Nifty 50 surged around 11.95 points in past five trading sessions.

The State Bank of India, HDFC, Reliance Industries Limited, Infosys, Bharti Airtel, etc saw their market capitalisation surge during the last five trading sessions. Whereas, Tata Consultancy Services (TCS), ICIC Bank, Hindustan Unilever, Life Insurance Corporation of India (LIC) and Bajaj Finance saw a decline in their MCap during the same period. Here are all the details about top BSE heavyweights which saw a maximum surge in their Mcap last week.

SBI

State Bank of India shares closed 0.55% higher at Rs 826.7 per share on BSE on Thursday. The stock's valuation has increased around 2.52% in past five trading sessions. With this, the PSU bank stock's market capitalisation increased by Rs 20,445.82 crore to Rs 7,63,095.16 crore.

HDFC Bank

HDFC Bank shares closed 0.61% higher at Rs 1991 per share on BSE on Thursday with a market capitalisation of Rs 15,28,387.09 crore. The Mcap of HDFC Bank increased by Rs 14,083.51 crore to Rs 15,28,387.09 crore. The bank recently gave update on record date for bonus issue. HDFC Bank has fixed Augsut 27 as the record date for the bonus share issuance in the ratio of Rs 1:1.

Infosys

Infosys shares closed 1.5% higher at Rs 1,447.45 per share on BSE on Thursday with a market capitalisation of Rs 6,01,310.19 crore. The stock's return on equity (RoE) stood at Rs 31.32%. The Narayana Murthy-led IT giant added Rs 9,887.17 crore, taking its valuation to Rs 6,01,310.19 crore.

Bharti Airtel

Bharti Airtel shares declined nearly 0.03% in past five trading sessions. Despite the marginal decline, the telecom giant saw its market capitalisation surge during the week. Bharti Airtel shares closed 0.29% higher at Rs 1,873.45 per share on BSE on Thursday.With this, the mcap of Bharti Airtel surged Rs 8,410.6 crore to Rs 10,68,260.92 crore.

Reliance Industries Limited

RIL shares closed 0.64% lower at Rs 1,373 per share on BSE on Thursday with a market capitalisation of Rs 18,59,023.43 crore. Reliance Industries valuation went up by Rs 7,848.84 crore to Rs 18,59,023.43 crore.

Top Laggards on BSE This Week

Despite the increase in mcap of top 5 of the most valued firm on BSE, other heavyweights including LIC, Bajaj Finance, etc saw a decline in their valuation. The mcap of LIC tumbled Rs 15,306.5 crore to Rs 5,61,881.17 crore. Bajaj Finance faced an erosion of Rs 9,601.08 crore to Rs 5,35,547.44 crore, while ICICI Bank's valuation declined by Rs 6,513.34 crore to Rs 10,18,982.35 crore. The mcap of TCS fell by Rs 4,558.79 crore to Rs 10,93,349.87 crore, and that of Hindustan Unilever dipped by Rs 3,630.12 crore to Rs 5,83,391.76 crore.

Will Trump Tariff Continue To Threaten Investors' Sentiment?

US President Donald Trump's move to impose 50% tariffs on Indian imports can't be a reason to sell Indian equities, Jefferies' global head of equity strategy, Christopher Wood, said earlier this week. The statement indicates that stock market sentiment may improve in the coming days amid Trump tariff uncertainty. Wood also mentioned that it is a reason to buy Indian equities since "it is only a matter of time before Trump backs off the stance," reported Economic Times.