Market Rally Pushes Valuations Higher; Bharti Airtel Only Laggard
New Delhi, May 18 – In a week marked by a strong market rally, nine of India’s ten most valued companies added a combined ₹3.35 lakh crore to their market capitalisation, with Reliance Industries leading the pack. The bullish sentiment lifted major players across banking, IT, FMCG, and finance sectors.The BSE benchmark index surged by 2,876.12 points, or 3.61 percent, reflecting widespread optimism in the equity markets.
Reliance Industries Adds Over ₹1 Lakh Crore.
Reliance Industries emerged as the biggest gainer, with its market valuation jumping ₹1,06,703.54 crore to reach ₹19,71,139.96 crore. The oil-to-telecom conglomerate maintained its position as the most valuable listed company in India.ICICI Bank and TCS See Significant Gains
ICICI Bank’s market capitalisation rose by ₹46,306.99 crore, closing the week at ₹10,36,322.32 crore. Tata Consultancy Services (TCS) followed closely, adding ₹43,688.40 crore to reach ₹12,89,106.49 crore.Other major gainers included:
- Infosys: Up ₹34,281.79 crore to ₹6,60,365.49 crore
- HDFC Bank: Gained ₹34,029.11 crore, totalling ₹14,80,323.54 crore
- Bajaj Finance: Rose by ₹32,730.72 crore to ₹5,69,658.67 crore
- ITC: Added ₹15,142.09 crore, hitting ₹5,45,115.06 crore
- State Bank of India (SBI): Increased by ₹11,111.15 crore to ₹7,06,696.04 crore
- Hindustan Unilever: Up by ₹11,054.83 crore to ₹5,59,437.68 crore
Bharti Airtel Declines
Bharti Airtel was the only company among the top ten to see a drop in valuation, losing ₹19,330.14 crore. Its market capitalisation fell to ₹10,34,561.48 crore.Updated Rankings by Valuation
As of the end of the week, the top companies by market capitalisation were:- Reliance Industries
- HDFC Bank
- TCS
- ICICI Bank
- Bharti Airtel
- State Bank of India
- Infosys
- Bajaj Finance
- Hindustan Unilever
- ITC
