India’s equity markets saw a mixed week for large-cap companies as four of the country’s ten most-valued firms added a combined ₹95,447.38 crore in market capitalisation, led by strong gains in Reliance Industries, Bharti Airtel, State Bank of India, and Life Insurance Corporation of India (LIC). Meanwhile, six others, including HDFC Bank, TCS, ICICI Bank, Bajaj Finance, Infosys, and Hindustan Unilever, collectively lost ₹91,685.94 crore in valuation.
Reliance Industries Ltd (RIL) was the standout performer, adding ₹47,431.32 crore to reach a market capitalisation of ₹20,11,602.06 crore, reaffirming its position as the country’s most-valued company. The conglomerate’s rise was supported by strong investor sentiment ahead of its upcoming quarterly performance and continued optimism around its telecom and retail arms.
Among other gainers, State Bank of India (SBI) saw its valuation increase by ₹30,091.82 crore, taking its total market capitalisation to ₹8,64,908.87 crore, reflecting improved investor confidence in the banking major’s asset quality and credit growth outlook. Bharti Airtel added ₹14,540.37 crore during the week, pushing its valuation to ₹11,71,554.56 crore, as the telecom operator continued to attract institutional buying amid its 5G expansion strategy and robust subscriber growth. LIC, meanwhile, gained ₹3,383.87 crore, taking its total valuation to ₹5,65,897.54 crore, supported by a gradual recovery in stock performance and improving policy premium collections.
In contrast, Bajaj Finance recorded the sharpest decline among the top 10, with its market capitalisation slipping ₹29,090.12 crore to ₹6,48,756.24 crore, as investors continued to book profits following a recent rally in non-banking financial stocks. ICICI Bank lost ₹21,618.90 crore, reducing its valuation to ₹9,61,127.86 crore, while Infosys fell ₹17,822.38 crore to ₹6,15,890 crore, amid global weakness in the IT sector and cautious guidance.
Hindustan Unilever (HUL) also saw its valuation decline by ₹11,924.17 crore to ₹5,79,561.93 crore, while HDFC Bank shed ₹9,547.96 crore, settling at ₹15,18,679.14 crore. Tata Consultancy Services (TCS) recorded a marginal drop of ₹1,682.41 crore, with its market capitalisation at ₹11,06,338.80 crore by week’s end.
Despite the mixed performance, Reliance Industries maintained its lead as the most-valued listed company in India, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever, and LIC. Analysts noted that the overall market sentiment remains cautious amid global volatility, though select heavyweight stocks continue to drive market resilience, particularly in the energy, telecom, and banking sectors.
