Stock Market Today: Banking Stocks Spark Rs. 1.90 Lakh Crore Surge as Sensex Soars 1,284 Points

Indian markets rebound strongly with banking giants like ICICI Bank, HDFC Bank, and SBI driving major gains, supported by RBI liquidity steps and easing global tensions, even as IT and insurance stocks continue to face pressure
Stock Market Today
Written By:
Simran Mishra
Reviewed By:
Achu Krishnan
Published on
Updated on

India’s stock market moved up last week, with eight of the top ten companies adding Rs. 1.90 lakh crore in total value. The rise came mainly from strong performance in banking stocks, where ICICI Bank stood out as the biggest gainer.

The broader market showed a steady upward trend during the week. The BSE Sensex rose by 1,284 points, which equals a 1.73% gain. The NSE Nifty also increased by 256 points, showing about 1% growth.

Global and Domestic Support Boost Sentiment

Positive global news supported the market mood. Hopes around a possible US-Iran peace deal helped reduce worries about global tensions. At the same time, steps taken by the Reserve Bank of India improved liquidity and supported investor confidence.

Among the top firms, ICICI Bank recorded the highest jump in value. Its market capitalization increased by Rs. 56,223 crore, taking its total value to Rs. 9.61 lakh crore. HDFC Bank also showed strong growth with an addition of Rs. 38,571 crore. State Bank of India followed with a rise of Rs. 36,138 crore.

Banking Stocks Lead Weekly Gains

Other companies also recorded gains during the week. Bajaj Finance gained Rs. 18,367 crore, while Bharti Airtel added Rs. 14,380 crore. Larsen & Toubro saw an increase of Rs. 13,241 crore. Hindustan Unilever also moved up by Rs. 10,984 crore.

Reliance Industries remained the most valuable company in India. It added Rs. 2,098 crore and kept its top position in the list.

Two companies recorded declines during the week. Tata Consultancy Services lost Rs. 13,296 crore in value, showing weakness in IT stocks. Life Insurance Corporation of India also saw a small drop of Rs. 822 crore.

IT and Insurance Stocks Face Pressure

The latest rise shows strong confidence in banking and financial stocks. Stable global signals and RBI support may keep the stock market steady, although some sectors still face pressure.

The market also ended a recent losing phase and returned to gains. Banking stocks continue to lead, while IT and insurance stocks show slower movement.

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