India’s stock market heavyweights just witnessed a blockbuster week. Eight of the country’s top-10 most valued companies collectively added a staggering ₹1.72 lakh crore in market capitalisation, fueled by a bullish wave in domestic equities.
At the heart of this surge was Reliance Industries, which alone contributed ₹48,107.94 crore to the rally, reaffirming its status as the country’s most valuable firm with an mcap of ₹19.07 lakh crore.
Who Gained the Most?
The week wasn’t short of winners.
- Reliance Industries: +₹48,107.94 crore → ₹19,07,131.37 crore
- Hindustan Unilever: +₹34,280.54 crore → ₹6,17,672.30 crore
- Bharti Airtel: +₹33,899.02 crore → ₹11,02,159.94 crore
- Bajaj Finance: +₹20,413.95 crore → ₹5,55,961.39 crore
- Infosys: +₹16,693.93 crore → ₹6,18,004.12 crore
- TCS: +₹11,487.42 crore → ₹11,04,837.29 crore
- ICICI Bank: +₹6,443.84 crore → ₹10,25,426.19 crore
- LIC: +₹822.25 crore → ₹5,62,703.42 crore
Together, these firms mirrored the rally in the BSE benchmark, which climbed 709.19 points (0.87%) during the week.
The Losers: HDFC Bank & SBI
Not all giants shared the momentum.
- HDFC Bank saw its market cap shrink by ₹20,040.70 crore, sliding to ₹15,08,346.39 crore.
- State Bank of India (SBI) lost ₹9,784.46 crore, with its valuation dipping to ₹7,53,310.70 crore.
The Current Top 10 Ranking
- Reliance Industries – ₹19.07 lakh cr
- HDFC Bank – ₹15.08 lakh cr
- TCS – ₹11.04 lakh cr
- Bharti Airtel – ₹11.02 lakh cr
- ICICI Bank – ₹10.25 lakh cr
- SBI – ₹7.53 lakh cr
- Infosys – ₹6.18 lakh cr
- Hindustan Unilever – ₹6.17 lakh cr
- LIC – ₹5.62 lakh cr
- Bajaj Finance – ₹5.55 lakh cr
The Bigger Picture
The surge underscores investor confidence as India’s corporate titans ride on a strong domestic market sentiment. Reliance’s dominance was once again reinforced, but the pressure on banking giants like HDFC and SBI raises questions about shifting investor priorities.
🔥 Curious Takeaway: With Reliance powering ahead and banks losing ground, could India’s stock market be entering a new phase where consumer and tech-driven giants outshine traditional lenders?
