HDFC Bank and Bharti Airtel drove a combined market capitalization increase of ₹92,995.48 crore across four of India's top-10 most valuable firms last week, according to data from Livemint and Hindu Businessline.
The gains highlight a rotation into financials and telecommunications, with the two lenders and telecom operators emerging as the primary beneficiaries of the rally.
This week's activity follows a similar pattern from the prior week, when ICICI Bank led a rally that added ₹88,678.
The valuation expansion came as other heavyweight constituents faced headwinds.
ICICI Bank, State Bank of India, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, and Hindustan Unilever collectively shed ₹49,294.13 crore in value during the same period.
The divergence underscores a selective market environment where large-cap performance is increasingly driven by sector-specific momentum rather than broad-based index lifts.
This week's activity follows a similar pattern from the prior week, when ICICI Bank led a rally that added ₹88,678.1 crore to the valuations of six top-10 firms.