Market Valuation of Top Firms Rises by ₹2.20 Lakh Crore, Reliance Leads Gains
Mcap of four of top-10 most valued firms surges by Rs 2.20 lakh cr; Reliance biggest winner
The Economic Times
Image: The Economic Times
In a holiday-shortened week, the combined market capitalization of four of India's top ten firms increased by ₹2.20 lakh crore, with Reliance Industries emerging as the largest gainer, adding ₹1.39 lakh crore to its valuation. Despite this, several major banks and companies saw declines in their market value.
- 01Reliance Industries gained ₹1,39,655.8 crore, reaching a valuation of ₹19,36,303.30 crore.
- 02The overall market capitalization of four top firms increased by ₹2.20 lakh crore.
- 03HDFC Bank, State Bank of India, and others experienced a combined loss of ₹1.24 lakh crore.
- 04The BSE benchmark Sensex rose by 0.32% amid mixed market cues.
- 05Geopolitical tensions eased, but rising crude oil prices and FII outflows capped gains.
Advertisement
In-Article Ad
Last week, the combined market capitalization of four of the top ten most valued firms in India surged by ₹2.20 lakh crore. Reliance Industries emerged as the biggest winner, adding ₹1,39,655.8 crore to reach a market valuation of ₹19,36,303.30 crore. Other gainers included Bharti Airtel, Tata Consultancy Services (TCS), and Bajaj Finance, whose valuations rose by ₹43,503.51 crore, ₹27,569.83 crore, and ₹9,432.32 crore respectively. However, several major firms faced losses, with HDFC Bank, State Bank of India, and ICICI Bank collectively losing ₹1.24 lakh crore in market value. The BSE benchmark Sensex climbed 249.29 points or 0.32%, reflecting a volatile trading environment influenced by easing geopolitical tensions and steady progress in quarterly earnings. Despite initial positive sentiment, gains were limited by rising crude oil prices and persistent foreign institutional investor (FII) outflows.
Advertisement
In-Article Ad
The rise in market capitalization indicates a positive sentiment in the stock market, which could lead to increased investment and consumer confidence. However, the losses faced by major banks may impact their lending capacity and overall economic growth.
Advertisement
In-Article Ad
Reader Poll
Do you think the stock market will continue to rise in the coming weeks?
Connecting to poll...
More about Reliance Industries
शेयर बाजार में चार प्रमुख कंपनियों का मार्केट कैप बढ़ा, रिलायंस सबसे आगे
Business Standard • May 3, 2026
Market Valuation of Top Firms Rises by ₹2.20 Trillion, Reliance Industries Leads Gains
Business Standard • May 3, 2026
वेनेजुएला का कच्चा तेल निर्यात: भारत और अमेरिका की बढ़ती मांग
Nbt Navbharattimes • May 2, 2026
Read the original article
Visit the source for the complete story.