The combined market valuation of four of the top 10 valued firms in India surged by Rs 95,447.38 crore last week, with Reliance Industries leading the pack as the biggest gainer. Reliance's market valuation increased by Rs 47,431.32 crore, reaching Rs 20,11,602.06 crore. Other notable gainers included State Bank of India, which added Rs 30,091.82 crore to its valuation, now at Rs 8,64,908.87 crore, and Bharti Airtel, whose market capitalization climbed by Rs 14,540.37 crore to Rs 11,71,554.56 crore. In contrast, several firms, including HDFC Bank, TCS, and Infosys, faced significant losses, resulting in a combined erosion of Rs 91,685.94 crore.
The downturn primarily affected firms such as Bajaj Finance, which saw its valuation tumble by Rs 29,090.12 crore to Rs 6,48,756.24 crore, and ICICI Bank, which lost Rs 21,618.90 crore, bringing its valuation to Rs 9,61,127.86 crore. Infosys' valuation dropped by Rs 17,822.38 crore, while Hindustan Unilever and HDFC Bank also reported significant declines. Despite these fluctuations, Reliance Industries remains the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, and TCS. The market dynamics highlight the volatility and competitive landscape in the Indian corporate sector.