Roundup 2024: India's Top 10 Companies By Market Cap - List

The Indian stock market navigated a rollercoaster year in 2024, witnessing a mix of record-breaking highs and sharp corrections. The Sensex scaled historic levels, touching 80,000 in July and crossing 85,000 by September. However, concerns over stretched valuations and subdued corporate earnings brought about corrections, especially after the national election results.

2024: A Year of Highs and Lows for Indian Markets
The country’s second-quarter GDP growth slumped to 5.4%, well below the Reserve Bank of India’s forecast of 7%. On the global front, Donald Trump’s US presidential victory influenced market sentiment, with investors anticipating policy shifts including tariff hikes and higher deficits. As the year wraps up, 2024 stands as a reminder of the resilience and volatility of the financial ecosystem.

India’s Top Companies by Market Capitalization
Here’s a closer look at the top 10 Indian companies by market cap, reflecting their prominence and performance in a challenging year:

1. Reliance Industries Limited - Market Cap: ₹16.38 Trillion
Headquartered in Mumbai, Reliance Industries leads the pack with diversified businesses spanning energy, retail, and telecommunications. Its share price stands at Rs 1210.90. Over the past decade, the stock has gained 501.27%, although it recorded a 6.31% decline in the last year.

2. Tata Consultancy Services - Market Cap: ₹15.07 Trillion
A global IT leader, TCS specializes in consulting and business solutions, leveraging technology for transformative change. The company remains a cornerstone of India’s tech prowess.

3. HDFC Bank - Market Cap: ₹13.98 Trillion
As a leading private sector bank, HDFC Bank continues to dominate the financial sector, with robust banking and financial services.

4. Bharti Airtel - Market Cap: ₹9.57 Trillion 
Founded by Sunil Mittal, Bharti Airtel has its headquarters in New Delhi, Airtel is a multinational telecommunications giant providing 5G services across India and operating in 18 countries.

5. ICICI Bank - Market Cap: ₹9.09 Trillion
One of India’s largest private sector banks, ICICI has cemented its position among the world’s top financial institutions.

6. Infosys - Market Cap: ₹7.83 Trillion
Known for its software services and innovative technology solutions, Infosys remains a key player in the global IT space.

7. State Bank of India - Market Cap: ₹7.04 Trillion
The country’s largest public sector bank continues to play a vital role in India’s financial ecosystem.

8. ITC Limited - Market Cap: ₹5.97 Trillion
With a diversified portfolio including FMCG, hotels, and paper products, ITC maintains its reputation as a corporate giant.

9. Life Insurance Corporation of India (LIC) - Market Cap: ₹5.73 Trillion
LIC stands tall as India’s premier life insurance provider, underscoring its dominance in the insurance sector.

10. Hindustan Unilever Limited - Market Cap: ₹5.51 Trillion
A leader in the FMCG sector, Hindustan Unilever’s products remain household staples across India.

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