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Bharti Airtel rings loud on D-St, briefly tops HDFC Bank in m-cap
The telecom operator‘s market capitalisation hit a high of ₹11.9 lakh crore earlier in the day, surpassing the bank’s valuation at that point. But a rebound in HDFC Bank shares and a decline in Bharti brought the lender back to the second spot.
At Monday’s close, Bharti Airtel’s market value stood at ₹11.81 lakh crore against HDFC Bank’s at ₹11.83 lakh crore. At ₹18.06 lakh crore, Reliance Industries retained the top spot in the market cap table.
later a rebound in Bank shares and Telco’s fall restores status quo
Bharti gained as much as 2.6% before ending 1.8% higher at ₹1,938.1. Shares of HDFC Bank ended 0.1% higher at ₹768.55 after declining as much as 2.1% earlier in the day.
The reshuffle in the market cap rankings follows the underperformance of traditional heavyweights such as information technology and banks. Before HDFC Bank, TCS occupied the second spot, but the sell-off in the stock amid uncertainty over AI-related disruption eroded its market value by almost half.
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Shares of the telecom giant have dropped 8.2% this year, while HDFC Bank is down 22.4% in 2026. The Nifty 50 has declined 9.6% in this period.
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