Five of India’s top 10 valued firms add ₹84,559 crore in market cap: HUL, RIL, ITC lead the gains

Last week, Indian equity market ended marginally lower, powered by strong rally on Friday after U.S. President Donald Trump unexpectedly paused “reciprocal” tariff measures for three months. The BSE Sensex settled the week with a loss of 207 points, or 0.27%, at 75,157 level, and the NSE Nifty50 closed 76 points, 0.33%, lower at 22,829 mark.

The overall market capitalisation (m-cap) of BSE listed companies stood at ₹401.67 lakh crore at the end of trade on April 11. The combined m-cap of five of the top-10 valued firms increased by ₹84,559 crore in a holiday-shortened last week, with Hindustan Unilever , Reliance Industries , and ITC emerging as the top gainers. The domestic stock markets were closed on Thursday for Shri Mahavir Jayanti.

Out of 10 most valued firm in the Sensex pack, Reliance Industries Ltd (RIL), Bharti Airtel , Hindustan Unilever Ltd (HUL), Bajaj Finance , and ITC were the biggest gainers, while the other five - HDFC Bank , Tata Consultancy Services (TCS) , ICICI Bank , State Bank of India (SBI) and Infosys – saw drop in their market valuations.

As per the exchange data, the market value of HUL rose by ₹28,700 crore to ₹5.56 lakh crore, while RIL added ₹19,757 crore, taking its m-cap to ₹16.5 lakh crore. The valuation of ITC climbed by ₹15,330 crore to ₹5.28 lakh crore and that of Bajaj Finance and Bharti Airtel rose by ₹12,760 crore and ₹8,011 crore to ₹5.53 lakh crore and ₹10.02 lakh crore, respectively.

On the other hand, TCS, the country’s most valued IT company, saw its m-cap dropping by ₹24,295 crore to ₹11.69 lakh crore. The market value of Infosys, the second largest software exporter, dropped by ₹17,319 crore to ₹5.86 lakh crore. The weakness in IT heavyweights was in sync with broader IT index as investors remained concerns about slowing economy and sticky inflation amid escalating global trade war after Trump’s aggressive tariff policy.

Meanwhile, banking heavyweights SBI, ICICI Bank, and HDFC Bank saw their market value falling by ₹12,271 crore, ₹8,913 crore, and ₹7,958 crore, respectively. At the end of trade on April 11, the m-caps of SBI, ICICI Bank, and HDFC Bank stood at ₹6.73 lakh crore, ₹9.34 lakh crore, and ₹13.82 lakh crore, respectively.

Reliance Industries continues to remain the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, Bajaj Finance and ITC.

The D-Street experts believe that the current market texture is extremely volatile and uncertain; therefore, level-based trading would be the ideal strategy for positional traders. The stock markets will remain shut for two days next week to observe Dr. Baba Saheb Ambedkar Jayanti (April 14) and Good Friday (April 19).

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