The combined market valuation of nine of the top-10 most-valued firms jumped Rs 2.51 lakh crore last week, with Bajaj Finance emerging as the biggest winner, in tandem with a positive trend in equities.

Last week, the BSE benchmark Sensex climbed 2,034.87 points, or 2.67 per cent, and the NSE Nifty surged 616.15 points, or 2.59 per cent.

“Markets staged a strong rebound during the week, snapping their recent losing streak as easing crude oil prices, improving geopolitical sentiment, encouraging Q1 FY27 earnings, and renewed foreign institutional investor (FII) buying lifted risk appetite,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.

While Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers from the top-10 pack, Hindustan Unilever emerged as the only laggard.

The market valuation of Bajaj Finance surged Rs 80,345.97 crore to Rs 7,10,817.51 crore, the most among the top-10 firms. Shares of NBFC Bajaj Finance on Friday ended over 8 per cent higher after the firm reported a 28 per cent year-on-year rise in consolidated profit after tax (PAT) for the June quarter of FY27.

Bharti Airtel’s valuation soared Rs 44,959.5 crore to reach Rs 12,30,005.63 crore.
The market valuation of TCS jumped Rs 40,414.03 crore to Rs 8,55,894.78 crore and that of Reliance Industries climbed Rs 39,447.35 crore to Rs 17,69,108.79 crore.The market capitalisation (mcap) of Larsen & Toubro rallied Rs 21,096.8 crore to Rs 5,41,844.69 crore and that of State Bank of India edged higher by Rs 10,845.97 crore to Rs 9,47,799.81 crore.

HDFC Bank’s mcap advanced Rs 8,164.73 crore to Rs 11,52,150.63 crore.

The valuation of LIC went up Rs 4,427.49 crore to Rs 5,37,435.05 crore and that of ICICI Bank climbed Rs 1,660.37 crore to Rs 10,29,878.30 crore.

However, the mcap of Hindustan Unilever declined Rs 10,326.46 crore to Rs 4,93,602.13 crore.

Reliance Industries remained the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC, and Hindustan Unilever.

After four straight months of selling, foreign investors turned net buyers of Indian equities in July, pumping in Rs 20,200 crore, aided by attractive valuations, improving corporate earnings and easing global headwinds.

The latest inflow marks a sharp reversal from the preceding months, when Foreign Portfolio Investors (FPIs) withdrew Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 lakh crore in March, according to data from the Central Depository Services (India) Ltd (CDSL).

Prior to the four-month selling spree, FPIs had invested Rs 22,615 crore in Indian equities in February.

Despite the turnaround in July, foreign investors have pulled out a net Rs 2.54 lakh crore from Indian equities so far in 2026, way more than the Rs 1.66 lakh crore withdrawn during the whole of 2025.

Market experts attributed the renewed foreign investor interest to relatively stable domestic markets, reasonable large-cap valuations, improving earnings prospects and a more favourable global environment.

V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said excessive volatility in markets such as South Korea and Taiwan, coupled with concentration risk in the “chip trade”, is prompting FPIs to look for relatively stable markets like India.
The stability of the rupee and fair valuations of India’s large-cap stocks are other factors facilitating renewed FPI inflows into the country, he added.Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said improving earnings prospects also strengthened investor sentiment, with June quarter results showing signs of recovery across key sectors.

IT stocks, in particular, witnessed a sharp re-rating as better-than-expected earnings helped ease concerns over the impact of artificial intelligence on the sector’s growth prospects, he said.

At the same time, easing pressure from the US dollar and expectations that US interest rates are near their peak have improved the investment environment for emerging markets, Gupte added.

Foreign investor interest was not limited to equities, with the debt market continuing to attract significant inflows during the month.

FPIs invested Rs 29,212 crore in debt through the general route and another Rs 3,033 crore through the fully accessible route in July.

Going forward, the trajectory of foreign flows is likely to be influenced by both global developments and domestic triggers.

Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking, said investors in the coming month will closely track crude oil price movements and developments in the ongoing US-Iran geopolitical tensions.

On the domestic front, the Q1FY27 earnings season and the RBI’s monetary policy scheduled for August 5 will remain in focus, he added.

Nearly 23,000 pounds of Ukrop’s Homestyle Foods baked spaghetti and chicken cobbler products are being recalled over concerns they may be contaminated with metal slivers, federal regulators said.

The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) said the recalled products were sold in Virginia, North Carolina and West Virginia, as well as through Department of War commissaries and online sales.

According to FSIS, the products may be contaminated with a foreign material, specifically metal slivers.

The recall was initiated after a customer found a piece of metal in one of the products.

FROZEN BURRITOS SOLD AT COSTCO PROMPT PUBLIC HEALTH ALERT OVER UNDECLARED ALLERGEN

“The problem was discovered after the establishment received a consumer complaint regarding a metal piece found in a fully cooked product,” FSIS said in its recall announcement.

No injuries have been confirmed, according to FSIS.

“Anyone concerned about an injury should contact a healthcare provider,” the agency said.

PUBLIX EXPANDS FROZEN BERRY RECALL AMID E COLI OUTBREAK THAT SICKENED 12

The recall affects products manufactured between July 1 and July 29, 2026.

The recalled products include 62.4-ounce bulk pans and 4.8-ounce single-serving trays of Ukrop’s Baked Spaghetti, along with 48-ounce family-size pans and 11.6-ounce single-serving trays of Ukrop’s Chicken Cobbler.

All affected products carry “best by” dates ranging from July 8 through Aug. 5.

Consumers who purchased the recalled products, including those stored in freezers, should throw them away or return them to the place of purchase for a full refund.

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The recall comes after Rich Products Corp. recalled thousands of cases of its Farm Rich Pizza Cheese Crunchers in June because the frozen snacks may have contained metal pieces.

More than 160,000 pounds of the frozen snacks were recalled across 21 states, according to the U.S. Food and Drug Administration.

FOX Business’ Brie Stimson contributed to this report.

To the Editor:
The reshoring of supply chains and enhancement in domestic manufacturing will also be needed to support ongoing growth in the automotive, defense, and semiconductor industries (“Beyond AI: 10 Ways to Cash In on the Global Building Boom,” Cover Story, July 23). Large foreign corporations like Taiwan Semiconductor Manufacturing and Samsung Electronics are focusing on expanding their onshore semiconductor footprint in the U.S. to avoid 100% tariffs on imported semiconductors and complying with changing global trade regulations.

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As many as 573 companies are set to announce their earnings for the April-June quarter (Q1 FY27) this week, with notable names including Westside and Zudio-parent Trent, public lender SBI, ecommerce major Nykaa, telecom giant Bharti Airtel, Titan and others.

These companies will announce their first quarter earnings between August 3 (Monday) and August 8 (Saturday). This comes after Sun Pharma, Maruti Suzuki, Bajaj Finserv, ITC and several other companies released their quarterly results on Friday.

August 3 (Monday)

Realty player DLF is set to report its Q1 FY27 results on Monday. EV scooter maker Ather Energy and power company Torrent Power will also announce their June-quarter earnings, along with Jindal Stainless, UPL, Sundaram Finance, KEI Industries and GSK Pharma.

August 4 (Tuesday)

Telecom major Bharti Airtel is scheduled to announce its first quarter earnings on Tuesday, along with Bharti Hexacom. Stock exchange BSE and Nykaa-parent FSN E-Commerce are also on the list. Other major companies which are scheduled to announce their Q1 results on Tuesday include FMCG major Marico, Fevicol maker Pililite Industries, NHPC and MCX India.
August 5 (Wednesday)Pharma major Biocon will report its June-quarter earnings on Wednesday. Paint-maker Berger Paints will also announce its results. Other key companies on the earnings calendar include Cummins India, GE T&D India, Aurobindo Pharma, Navin Fluorine and Neuland Labs.

August 6 (Thursday)

Zudio and Westside-parent Trent will announce its Q1 earnings on Thursday, along with FMCG major Britannia Industries and two wheeler-maker Hero MotoCorp. Other notable names announcing June quarter earnings on Thursday include Samvardhana Motherson International, Lupin, Premier Energies, Emcure Pharma and Blue Star.

August 7 (Friday)

India’s largest public sector lender State Bank of India (SBI) is all set to announce its June earnings on Friday. Jewellery major Titan Company will also announce quarterly earnings on this day. Other notable companies include Hindalco Industries, ABB Power, PFC, Godrej Consumer Products, Oil India and Ramco Cements.

Also read |Jio Financial Services sets record date for dividend. Check details

August 8 (Saturday)

Anant Raj will announce its Q1 earnings on Saturday, winding up the Q1 earnings cycle for the week. The following week will see several companies including Info Edge, Hindustan Copper, Tata Motors and Lenskart release their quarterly results.

Market outlook

Looking ahead, the sustainability of the domestic market recovery will depend on the easing of global uncertainties, stability in crude oil prices, and a broadening of earnings growth beyond a handful of sectors, said Vinod Nair, Head of Research at Geojit Investments. He further said that investors will closely track U.S. labour market data in the coming week, while domestically, the RBI’s policy decision and PMI releases will provide key cues on growth and inflation trends.

“We continue to favour a gradual accumulation of quality companies with strong earnings visibility,” according to the analyst.

Also read | F&O Talk: Nifty lacks direction on charts, says Sudeep Shah; outlines Bajaj Finance, Eternal strategy after Q1

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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