Top 4 firms gain ₹2.20 lakh crore in market cap in holiday week
Synopsis
Four of India's ten most valued companies added a combined ₹2.20 lakh crore in a single holiday-shortened week, with Bharti Airtel's ₹43,503 crore surge standing out. But the week was far from a clean sweep — banking heavyweights ICICI Bank, SBI, and HDFC Bank all bled value, highlighting a sharp sectoral divergence between telecom and IT on one side and financials on the other.
Key Takeaways
Four of India's top-10 firms collectively added ₹2.20 lakh crore in market capitalisation in the week ending 3 May 2025 .
Bharti Airtel was the top gainer, adding ₹43,503.51 crore to reach a valuation of ₹11,49,222.13 crore .
ICICI Bank recorded the steepest weekly decline, losing ₹45,364.62 crore in market cap.
HDFC Bank and SBI also shed ₹20,951.31 crore and ₹30,922.57 crore respectively.
The BSE Sensex gained 249.29 points or 0.32% for the week.
Analysts peg 24,300–24,400 as Nifty's immediate resistance and 23,800 as key support.
The combined market capitalisation of four of India's top-10 most valued companies surged by ₹2.20 lakh crore during a holiday-shortened week ending 3 May 2025, driven largely by a sharp rally in heavyweight stocks. The benchmark BSE Sensex ended the week on a modestly positive note, gaining 249.29 points or 0.32%.
Top Gainers of the Week
Telecom major Bharti Airtel led the pack, with its market valuation rising by ₹43,503.51 crore to ₹11,49,222.13 crore — the biggest single-week addition among the top-10 firms. Tata Consultancy Services (TCS) followed, with its market cap climbing ₹27,569.83 crore to ₹8,94,933.95 crore, while Bajaj Finance added ₹9,432.32 crore, taking its valuation to ₹5,83,123.13 crore.
Banking and Financial Stocks Under Pressure
In contrast, banking and financial stocks faced notable selling pressure during the week. ICICI Bank recorded the steepest decline, with its market capitalisation eroding by ₹45,364.62 crore to ₹9,04,980.78 crore. State Bank of India (SBI) lost ₹30,922.57 crore to settle at ₹9,85,829.96 crore, while HDFC Bank — India's largest private lender — saw its valuation fall by ₹20,951.31 crore to ₹11,87,274.17 crore.
Hindustan Unilever, the FMCG major, also witnessed a decline of ₹18,420.79 crore, bringing its market cap down to ₹5,28,799.01 crore. Life Insurance Corporation of India (LIC) lost ₹8,222.49 crore in valuation to ₹5,04,798.07 crore, and infrastructure giant Larsen & Toubro saw a marginal dip of ₹178.83 crore to ₹5,51,993.05 crore.
Current Rankings of India's Most Valued Firms
Despite the mixed weekly trend, Reliance Industries continued to lead India's most valued companies list, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever, and LIC. Notably, Airtel's strong weekly performance has cemented its position as the third most valued firm, underscoring the sustained investor appetite for telecom amid India's ongoing 5G expansion.
Nifty Outlook: Key Levels to Watch
Market analysts flagged the 24,300–24,400 range on the Nifty50 as an immediate and strong resistance zone. According to analysts, a sustained move above this band would be required to revive upward momentum toward the 24,600–24,800 levels. On the downside, 23,800 remains a key support level, with a breach potentially opening the path toward 23,600–23,400, which analysts describe as a likely demand area. This comes amid broader global uncertainty, with markets remaining sensitive to geopolitical developments and foreign institutional investor flows.
Point of View
300–24,400 supply zone, the path of least resistance is still sideways, and any fresh global shock could test the 23,800 support faster than consensus expects.
NationPress
28 Jun 2026
Frequently Asked Questions
Which companies gained the most market cap in the week ending 3 May 2025?
Bharti Airtel led all gainers with a ₹43,503.51 crore rise in market capitalisation, followed by TCS at ₹27,569.83 crore and Bajaj Finance at ₹9,432.32 crore. Together with a fourth gainer, these firms added a combined ₹2.20 lakh crore in a holiday-shortened week.
Which stock saw the biggest market cap decline this week?
ICICI Bank recorded the steepest decline, losing ₹45,364.62 crore in market capitalisation to settle at ₹9,04,980.78 crore. SBI and HDFC Bank also saw significant erosions of ₹30,922.57 crore and ₹20,951.31 crore respectively.
What is the current ranking of India's most valued companies?
As of the week ending 3 May 2025, Reliance Industries tops the list, followed by HDFC Bank, Bharti Airtel, SBI, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever, and LIC.
What are the key Nifty levels analysts are watching?
Analysts have identified 24,300–24,400 as an immediate resistance zone for the Nifty50. A sustained break above this band could push the index toward 24,600–24,800, while a fall below 23,800 could open a move toward the 23,600–23,400 demand zone.
How did the Sensex perform in the holiday-shortened week?
The BSE Sensex ended the week with a gain of 249.29 points or 0.32%, closing on a modestly positive note despite mixed performance across sectors.
