Nine of top-10 most-valued firms add ₹2.51 lakh crore in market cap
Synopsis
Bajaj Finance's blockbuster Q1 FY27 earnings — a 28% profit jump — were the week's standout catalyst, single-handedly accounting for ₹80,345 crore of the ₹2.51 lakh crore added by India's nine largest companies. With Reliance still anchoring the top spot at ₹17.69 lakh crore, the week's rally signals that earnings quality, not just macro tailwinds, is driving large-cap re-rating.
Key Takeaways
Nine of India's top-10 most-valued firms added a combined ₹2.51 lakh crore in market cap during the week ended 2 August .
Bajaj Finance led gains, adding ₹80,345.97 crore after reporting a 28% year-on-year profit rise for Q1 FY27 .
Reliance Industries remained India's most-valued company at ₹17,69,108.79 crore .
The BSE Sensex rose 2,034.87 points (2.67%) and the Nifty50 gained 616.15 points (2.59%) for the week.
Hindustan Unilever was the only top-10 company to lose value, shedding ₹10,326.46 crore .
Nine of India's 10 most-valued companies collectively added ₹2.51 lakh crore in market capitalisation during the week ended 2 August, riding a broad-based rally that pushed benchmark indices to strong weekly gains. The surge underscores renewed investor confidence in large-cap equities across banking, telecom, and financial services.
Benchmark Rally Fuels the Surge
The BSE Sensex advanced 2,034.87 points, or 2.67%, over the week, while the Nifty50 climbed 616.15 points, or 2.59%. The broad-based advance lifted valuations across sectors, with only one heavyweight — Hindustan Unilever — ending the week in the red.
Bajaj Finance Leads the Gainers
Bajaj Finance recorded the sharpest single-week rise, with its market capitalisation surging by ₹80,345.97 crore to reach ₹7,10,817.51 crore. The non-banking financial company reported a 28% year-on-year jump in consolidated profit after tax for the June quarter of FY27, sending its shares more than 8% higher on Friday alone.
Bharti Airtel was the second-biggest gainer, adding ₹44,959.5 crore to its valuation, which now stands at ₹12,30,005.63 crore. Tata Consultancy Services (TCS) followed, adding ₹40,414.03 crore to reach a market cap of ₹8,55,894.78 crore.
Key Movers: Reliance, SBI, HDFC Bank
Reliance Industries posted a gain of ₹39,447.35 crore, lifting its valuation to ₹17,69,108.79 crore — retaining its position as India's most-valued company. Larsen & Toubro (L&T) added ₹21,096.8 crore to reach ₹5,41,844.69 crore, while State Bank of India (SBI) gained ₹10,845.97 crore, taking its market cap to ₹9,47,799.81 crore.
HDFC Bank rose by ₹8,164.73 crore to ₹11,52,150.63 crore. Life Insurance Corporation of India (LIC) added ₹4,427.49 crore to reach ₹5,37,435.05 crore, while ICICI Bank posted a modest gain of ₹1,660.37 crore, taking its valuation to ₹10,29,878.30 crore.
Hindustan Unilever Bucks the Trend
Hindustan Unilever was the lone laggard in the top-10, with its market capitalisation declining by ₹10,326.46 crore to ₹4,93,602.13 crore. The FMCG major's slip stands in contrast to the financial and infrastructure heavyweights that dominated the week's gains.
Top-10 Ranking at Week's End
At the close of the week, the top-10 most-valued Indian companies by market cap were, in order: Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, SBI, TCS, Bajaj Finance, L&T, LIC, and Hindustan Unilever. With earnings season in full swing, market direction next week will likely hinge on further quarterly results and global cues.
Point of View
But Bajaj Finance's outsized ₹80,345 crore contribution — driven by a single earnings beat — reveals how concentrated the market's reward mechanism has become. Strip out Bajaj Finance, and the remaining eight gainers collectively added just over ₹1.7 lakh crore, a more modest haul relative to the Sensex's 2.67% move. Hindustan Unilever's slip is worth watching: FMCG demand signals have been mixed, and if rural consumption stays sluggish, the consumer staples segment could increasingly diverge from the financial and infrastructure names that led this week's charge.
NationPress
2 Aug 2026
Frequently Asked Questions
Which company added the most market cap among India's top-10 last week?
Bajaj Finance added the most, with its market capitalisation rising by ₹80,345.97 crore to ₹7,10,817.51 crore during the week ended 2 August. The jump followed the company's Q1 FY27 results, which showed a 28% year-on-year rise in consolidated profit after tax.
How much did the Sensex and Nifty gain during the week?
The BSE Sensex advanced 2,034.87 points, or 2.67%, while the Nifty50 climbed 616.15 points, or 2.59%, for the week ended 2 August. The strong weekly performance underpinned the broad rise in large-cap market valuations.
Which was the only top-10 company to lose market cap during the week?
Hindustan Unilever was the sole laggard, with its market capitalisation declining by ₹10,326.46 crore to ₹4,93,602.13 crore. All other nine companies in the top-10 posted gains.
What is Reliance Industries' market cap after this week's gains?
Reliance Industries' market capitalisation rose by ₹39,447.35 crore to ₹17,69,108.79 crore, keeping it firmly in position as India's most-valued company at the end of the week.
Why did Bajaj Finance shares surge during the week?
Bajaj Finance shares rose more than 8% on Friday after the non-banking financial company reported a 28% year-on-year increase in consolidated profit after tax for the June quarter of FY27. The strong earnings print triggered a re-rating of the stock and drove the bulk of its weekly market cap gain.
