The combined market capitalisation of three of India’s ten most valued companies rose by ₹75,855.43 crore in a holiday-shortened week, led by strong gains in State Bank of India and Infosys, even as broader equity markets remained largely flat.
During the week, the BSE Sensex slipped marginally by 5.89 points, while the NSE Nifty edged up 11.05 points, reflecting a subdued trading environment.
Among the top ten firms, ICICI Bank, State Bank of India and Infosys recorded gains, while the remaining seven companies saw a combined erosion of ₹75,549.89 crore in market value. The losses of these seven firms were marginally lower than the cumulative gains posted by the three advancing stocks.
State Bank of India emerged as the biggest gainer, with its market valuation rising by ₹39,045.51 crore to ₹9,62,107.27 crore. Infosys followed, adding ₹31,014.59 crore to take its valuation to ₹7,01,889.59 crore, while ICICI Bank’s market capitalisation increased by ₹5,795.33 crore to ₹10,09,470.28 crore.
Also read: Seven top firms lose ₹3.63 lakh-cr in mcap, Reliance hit hardest
In contrast, Reliance Industries saw its valuation decline by ₹23,952.48 crore to ₹19,72,493.21 crore, remaining the biggest drag among the top companies. Larsen & Toubro lost ₹23,501.8 crore, with its market capitalisation slipping to ₹5,30,410.23 crore.
HDFC Bank witnessed a decline of ₹11,615.35 crore, while Bharti Airtel lost ₹6,443.38 crore. The market value of Bajaj Finance fell by ₹6,253.59 crore, Hindustan Unilever by ₹3,312.93 crore, and Tata Consultancy Services by ₹470.36 crore.
Despite the week’s volatility, Reliance Industries retained its position as India’s most valued company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and Larsen & Toubro.
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