Three of India's ten most valuable listed companies saw their combined market capitalisation surge by Rs 75,855.43 crore during the holiday-shortened trading week. State Bank of India and Infosys led this impressive gain, even as the broader equity market remained largely flat.
Benchmark Indices Show Limited Movement
The benchmark indices displayed minimal changes throughout the week. The BSE Sensex slipped marginally by 5.89 points, while the NSE Nifty edged up by 11.05 points. This reflected a sluggish overall trend in equities with limited trading activity.
Winners and Losers Among Top Ten Firms
According to news agency PTI, SBI, Infosys and ICICI Bank were the only gainers among the top ten companies by market value. In contrast, seven heavyweight firms witnessed their valuations decline.
The three gainers added substantial value:
- SBI's market valuation jumped by Rs 39,045.51 crore to Rs 9,62,107.27 crore
- Infosys saw its market capitalisation rise by Rs 31,014.59 crore to Rs 7,01,889.59 crore
- ICICI Bank added Rs 5,795.33 crore, taking its valuation to Rs 10,09,470.28 crore
Seven Companies Face Valuation Erosion
Seven major companies together saw their valuations fall by Rs 75,549.89 crore. This erosion was still lower than the total value added by the three gainers.
The biggest declines occurred in:
- Reliance Industries - dropped Rs 23,952.48 crore to Rs 19,72,493.21 crore
- Larsen & Toubro - fell Rs 23,501.80 crore to Rs 5,30,410.23 crore
- HDFC Bank - lost Rs 11,615.35 crore to Rs 14,32,534.91 crore
Other companies facing declines included Bharti Airtel (down Rs 6,443.38 crore), Bajaj Finance (down Rs 6,253.59 crore), and Hindustan Unilever (down Rs 3,312.93 crore). Tata Consultancy Services saw a relatively modest fall of Rs 470.36 crore.
Infosys Guidance Boosts IT Sector Sentiment
Market sentiment toward IT stocks received significant support during the week. Infosys raised its revenue growth guidance for FY26, a move that helped lift its share price and market value. This positive development came at a time when investors remained generally cautious.
Pecking Order Remains Unchanged
Despite the weekly fluctuations, Reliance Industries maintained its position as India's most valued listed company. The overall ranking among corporate heavyweights remained consistent with HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Bajaj Finance, Hindustan Unilever and Larsen & Toubro following in that order.
The holiday-shortened week created an interesting dynamic where three companies managed significant gains while the broader market showed little movement. This highlights how specific corporate developments can drive substantial value creation even during generally flat market conditions.
