Heavy Volatility in Stock Market: Sensex and Nifty Close with Gains; SBI, Reliance Lead Profitability

The Indian stock market witnessed intense fluctuations last week, yet both benchmark indices—BSE Sensex and NSE Nifty—managed to close in the positive. The Sensex gained 404 points over five trading sessions, while the Nifty rose by 187 points.

Key Highlights:
- Top Gainers: State Bank of India (SBI) led the pack, adding nearly 64,000 crore rupees to its market cap, followed by Reliance Industries, Tata Consultancy Services (TCS), and Larsen & Toubro (L&T), which collectively brought massive gains to investors.
- Top Losers: Six out of the top ten most valuable companies suffered a combined loss of 1.23 lakh crore rupees. Life Insurance Corporation of India (LIC) faced the steepest valuation drop of 40,543 crore rupees, followed by Bajaj Finance, HDFC Bank, ICICI Bank, Bharti Airtel, and HUL.
- Market Rankings: Reliance Industries retained its position as India's most valuable company by market capitalization at the end of the week.