SBI and HDFC Bank Lead Market-Cap Gains as Top 10 Companies See Mixed Trend
Five of India’s top-10 most valued firms added nearly ₹60,676 crore in market value last week, with SBI and HDFC Bank driving the rally.
SBI and HDFC Bank drove market-cap gains of ₹60,676 crore last week; Reliance, Infosys, Airtel also rose while LIC, TCS, ICICI Bank declined.
Markets End the Week on a Positive Note
Indian equities maintained momentum in a holiday-shortened week. The Sensex gained 739.87 points (0.92%) and the Nifty advanced 268 points (1.10%), supporting overall positive sentiment in large-cap stocks.
Amid this backdrop, the combined market capitalisation of five of the country’s top-10 companies rose by ₹60,675.94 crore, even as others posted declines.
Top Market-Cap Gainers
- State Bank of India (SBI): Biggest gainer, adding ₹20,445.82 crore to reach a market cap of ₹7,63,095.16 crore.
- HDFC Bank: Rose ₹14,083.51 crore, pushing valuation to ₹15,28,387.09 crore.
- Infosys: Up ₹9,887.17 crore at ₹6,01,310.19 crore.
- Bharti Airtel: Gained ₹8,410.6 crore, now valued at ₹10,68,260.92 crore.
- Reliance Industries: Added ₹7,848.84 crore, maintaining its lead with a valuation of ₹18,59,023.43 crore.
Top Market-Cap Losers
- Life Insurance Corporation of India (LIC): Sharpest fall, losing ₹15,306.5 crore to ₹5,61,881.17 crore.
- Bajaj Finance: Declined ₹9,601.08 crore to ₹5,35,547.44 crore.
- ICICI Bank: Market cap slipped ₹6,513.34 crore to ₹10,18,982.35 crore.
- Tata Consultancy Services (TCS): Down ₹4,558.79 crore to ₹10,93,349.87 crore.
- Hindustan Unilever (HUL): Dropped ₹3,630.12 crore to ₹5,83,391.76 crore.
Current Top 10 by Market Value
- Reliance Industries – ₹18.59 lakh crore
- HDFC Bank – ₹15.28 lakh crore
- TCS – ₹10.93 lakh crore
- Bharti Airtel – ₹10.68 lakh crore
- ICICI Bank – ₹10.18 lakh crore
- SBI – ₹7.63 lakh crore
- Infosys – ₹6.01 lakh crore
- Hindustan Unilever – ₹5.83 lakh crore
- LIC – ₹5.61 lakh crore
- Bajaj Finance – ₹5.35 lakh crore
Outlook
- Banking & Financials: SBI and HDFC Bank’s strong showing reflects optimism around credit growth and stable asset quality.
- IT & FMCG: Pressure on TCS and HUL signals cautious investor mood amid margin concerns.
- Energy & Telecom: Reliance and Airtel remain key long-term growth plays, benefiting from sectoral demand.
- Insurance & NBFCs: LIC and Bajaj Finance declines highlight investor caution after strong past rallies.
Overall, the top-10 companies continue to dominate India’s equity market, with Reliance Industries holding its crown as the country’s most valuable firm.
Disclaimer: This article is for informational purposes only. It is not investment advice. Investors should consult SEBI-registered advisors before taking market positions.
