In addition to the surge in foreign portfolio investments in the Indian debt market, the Indian government holds stakes worth over Rs 48.12 lakh crore in Indian equities. Over 67% of the government's market value in equities comes from the financial and industrial sectors. The government's market value in the financial sector exceeds Rs 21.08 lakh crore, with its largest holdings in Life Insurance Corp. of India, State Bank of India, and Indian Overseas Bank. In the industrial sector, the government owns shares in 22 publicly traded companies, with Hindustan Aeronautics Ltd. and Indian Railway Finance Corp. having the highest market value. The government also holds stakes in the utilities and energy sectors, with its largest shareholding in NTPC. The central government has a majority controlling stake in 73 out of the 78 publicly listed companies it owns, with the highest shareholding in KIOCL Ltd, Punjab & Sind Bank, and Life Insurance Corp of India. The government's stake in 56 out of 78 companies is valued at over Rs 10,000 crore. The government's stake in Life Insurance Corporation of India stands the highest at Rs 6.76 lakh crore [adbc889d].
This significant holding of stakes by the Indian government in Indian equities reflects its strong presence in the country's financial and industrial sectors. The government's majority controlling stake in a majority of the publicly listed companies it owns demonstrates its influence and control over these sectors. The government's stake in Life Insurance Corporation of India, one of the largest insurance companies in the country, is particularly noteworthy. The government's holdings in these sectors contribute to its overall market value and highlight its role as a major player in the Indian equities market. This information provides further insight into the composition and influence of the Indian equities market, showcasing the government's significant presence and impact [adbc889d].
Meanwhile, the top 10 most valued firms in India gained Rs 31,000 crore in market capitalization this week. Infosys gained Rs 36,000 crore, taking its market value to Rs 7.80 lakh crore, while ITC gained Rs 35,000 crore, taking its market value to Rs 6.28 lakh crore. Reliance Industries Ltd.'s market cap declined by Rs 62,000 crore to Rs 20.42 lakh crore. RIL remained the most valued firm, followed by Tata Consultancy Services Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Bharti Airtel Ltd., State Bank of India, Infosys Ltd., Hindustan Unilever Ltd., ITC, and Larsen and Toubro Ltd. Foreign portfolio investors bought stocks worth Rs 2,546.4 crore, while domestic institutional investors bought equities worth Rs 2,774.3 crore [13c8d1a1].