SBI & HDFC Lead Market Rally: Top Gainers This Week

The Indian stock market witnessed a strong rally this week, driven largely by banking giants SBI and HDFC Bank. The combined market capitalization of the top five companies surged by ₹60,675.94 crore, with SBI and HDFC leading the gains.

State Bank of India (SBI) saw its valuation increase by ₹20,445.82 crore, reaching ₹7,63,095.16 crore. Its growth was fueled by a 15% rise in home loans, adding ₹1.1 lakh crore to its loan book, making it a leader in Q1 lending. Additionally, strategic investments, including a 125% return from the JSW Cement IPO, strengthened its market position.

HDFC Bank also performed strongly, with its market capitalization rising by ₹14,083.51 crore to ₹15,28,387.09 crore. The bank’s solid quarterly earnings and bonus share issues further boosted investor confidence.

Other notable contributors included Infosys and Bharti Airtel, whose valuations grew by ₹9,887.17 crore and ₹8,410.6 crore, respectively. The Nifty Bank index surged 505 points (0.92%), highlighting the banking sector’s pivotal role in the market rally.

Overall, the rally reflects strong investor confidence in India’s financial sector. With strategic investments, robust earnings, and continued sectoral growth, SBI and HDFC are poised to drive future market gains.