New Delhi: India featured among the world’s top ten contributors to global market capitalisation of $27.4 trillion, even as its largest listed companies recorded steady gains at the start of 2026, led by Reliance Industries.
The global market capitalisation data was highlighted in a December 2025 report by domestic brokerage firm Motilal Oswal. The report noted that despite economic volatility, India’s equity markets remained among the key contributors to global valuations and posted a year-on-year growth of around 2.8 per cent in 2025.
Reflecting this broader trend, weekly market data reported by PTI showed that seven of India’s ten most valued companies together added Rs 123,724.19 crore in market capitalisation in the week ending January 5, 2026.
Reliance Industries emerged as the biggest gainer during the period. The Mukesh Ambani-led company added Rs 45,266.12 crore to its market value, taking its total market capitalisation to Rs 21,54,978.60 crore, supported by its diversified presence across energy, telecom, retail, and digital services.
Larsen and Toubro re-entered the top valuations list after its market value rose by Rs 16,204.34 crore to Rs 5,72,640.56 crore. Other major companies, including HDFC Bank, Bharti Airtel and ICICI Bank, also recorded notable increases in their valuations during the week.
Not all companies ended the week in positive territory. Tata Consultancy Services saw its market capitalisation decline by Rs 10,745.72 crore to Rs 11,75,914.62 crore. Bajaj Finance also recorded a fall, with its valuation dropping by Rs 5,693.58 crore to Rs 6,16,430.43 crore.
Market capitalisation represents the total value of a company’s outstanding shares and is calculated by multiplying the share price by the number of shares in circulation. As share prices move daily, market capitalisation can change significantly over short periods.
The figures cited are based on market data as of January 5, 2026, and are subject to fluctuation with changes in stock prices.
BI Bureau
