India’s leading companies experienced a mixed but ultimately positive week in the market, with four of the top ten most valued firms collectively adding a staggering ₹95,447.38 crore to their market capitalization (MCap). Reliance Industries emerged as the week’s undisputed leader, driving a substantial portion of this growth.
Among the gainers, Reliance Industries saw its market valuation surge by an impressive ₹47,431.32 crore, bringing its total MCap to ₹20,11,602.06 crore. State Bank of India also posted strong gains, adding ₹30,091.82 crore, which pushed its valuation to ₹8,64,908.87 crore.
Bharti Airtel’s market capitalization climbed by ₹14,540.37 crore, reaching ₹1,71,554.56 crore, while the Life Insurance Corporation of India (LIC) saw a boost of ₹3,383.87 crore, bringing its valuation to ₹5,65,897.54 crore.
However, the week wasn’t without its setbacks for other market heavyweights. HDFC Bank, TCS, ICICI Bank, Bajaj Finance, Infosys, and Hindustan Unilever collectively witnessed a significant erosion of ₹91,685.94 crore from their valuations.
Specifically, Bajaj Finance experienced a tumble of ₹29,090.12 crore, settling at an MCap of ₹6,48,756.24 crore. ICICI Bank’s valuation dropped by ₹21,618.9 crore to ₹9,61,127.86 crore, and Infosys saw a decline of ₹17,822.38 crore, reaching ₹6,15,890 crore.
Hindustan Unilever’s valuation eroded by ₹11,924.17 crore, bringing its MCap to ₹5,79,561.93 crore. HDFC Bank’s valuation decreased by ₹9,547.96 crore to ₹15,18,679.14 crore, while TCS saw a more modest dip of ₹1,682.41 crore, ending at ₹11,06,338.80 crore.
Despite these fluctuations, Reliance Industries maintained its position as the most valued domestic firm. It was followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever, and LIC, in that order, comprising the top ten.