stock market
The Indian stock market remained under pressure last week due to increasing tension in West Asia and fluctuations in crude oil prices. Despite this, four of the country’s 10 most valuable listed companies added significantly to investors’ wealth. HDFC Bank, Bharti Airtel, Reliance Industries and LIC together registered an increase of about Rs 92,995 crore in their market cap.
However, during the week, BSE Sensex closed with a fall of 194.52 points or 0.25 percent and Nifty 50 closed with a fall of 63.95 points or 0.26 percent. Due to this, the rising trend in the market which had been going on for four consecutive weeks also stopped.
HDFC Bank and Airtel were the biggest value creators
HDFC Bank emerged as the largest value creator during the week. The market cap of the company increased by about Rs 35,808 crore to Rs 12.69 lakh crore. At the same time, the market value of Bharti Airtel increased by Rs 34,897 crore and its market cap reached Rs 11.98 lakh crore.
Apart from this, the market cap of LIC increased by Rs 16,065 crore and the market cap of Reliance Industries increased by Rs 6,225 crore. Reliance remains the most valuable company in the country with a market cap of around Rs 17.71 lakh crore.
These companies suffered losses
On the other hand, a total decline of Rs 49,294 crore was recorded in the market cap of six big companies. Hindustan Unilever suffered the biggest loss, whose market cap declined by Rs 12,089 crore. Apart from this, the market value of Larsen & Toubro (L&T), TCS, Bajaj Finance, ICICI Bank and State Bank of India (SBI) also declined.
However, there was no change in the ranking of the country’s most valuable companies. Reliance stood first, followed by HDFC Bank, Bharti Airtel, ICICI Bank, SBI and TCS.
Q1 results will decide the movement of the market
Now investors will keep an eye on the results of the first quarter (Q1FY27) of the financial year 2026-27. More than 140 companies will declare their quarterly results next week. The direction of the market will largely depend on these results and the future estimates of the companies.
The week will start with the results of HCL Technologies. After this, companies like Tata Elxsi, L&T Technology Services, Wipro, Tech Mahindra, Jio Financial Services, HDFC AMC, HDFC Life, ICICI Prudential Life and Groww will release their results.
Reliance and big banks will be under maximum attention
At the end of the week, most of the discussion will be about the results of Reliance Industries. Investors will keep an eye on the performance of the company’s oil-to-chemical (O2C), retail, telecom and new energy businesses.
On July 18, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and Yes Bank will present their quarterly results. The market will keep a special eye on the loan growth, asset quality, profits and management outlook of these banks. Experts believe that on the basis of these results, the direction of the stock market can be decided in the coming days.
