HDFC Bank, TCS, SBI market cap drops by nearly ₹1 lakh crore; RIL and ITC lead the gainers

The combined market valuation of four of India’s top-10 most valued companies—HDFC Bank, ICICI Bank, TCS, and SBI—declined significantly this week, registering a collective loss of ₹96,605.66 crore.

HDFC Bank saw the sharpest decline with its market capitalization falling by ₹37,025.46 crore to ₹13,37,919.84 crore. ICICI Bank followed, losing ₹29,324.55 crore, bringing its valuation to ₹8,93,378.50 crore. TCS also experienced a drop of ₹24,856.26 crore, reducing its market value to ₹14,83,144.53 crore. State Bank of India (SBI) witnessed a decline of ₹5,399.39 crore, with its valuation now at ₹7,08,168.60 crore.

Reliance Industries and ITC Emerge as Top Gainers

On the other hand, Reliance Industries Limited (RIL) strengthened its position as India’s most valued company, gaining ₹41,138.41 crore to achieve a market cap of ₹16,93,373.48 crore. ITC added ₹3,878.63 crore to its valuation, continuing its positive trajectory.

Other notable gainers included Hindustan Unilever, which saw an increase of ₹15,331.08 crore, LIC with a gain of ₹13,282.49 crore, and Infosys, which added ₹9,031.19 crore. Bharti Airtel also contributed to the upward trend, increasing its market cap by ₹199.36 crore.

Broader Market Momentum

The broader market reflected a positive sentiment as the BSE benchmark index rose by 524.04 points (0.66%), and the Nifty index climbed 191.35 points (0.80%) over the week.

This week’s market performance underlines the dynamic nature of equity valuations, where gains and losses continue to define the competitive rankings of India's top corporations.