Bharti Airtel briefly overtakes HDFC Bank in India’s market-cap rankings during intra-day trading, though the order reverses later in the session. Multiple outlets report that Bharti Airtel reaches a peak market capitalisation of about ₹11.9 lakh crore on Monday, temporarily surpassing HDFC Bank. However, as HDFC Bank shares rebound and Bharti’s valuation declines, HDFC Bank returns to the second position before the market close.
At the end of trading, the companies are close in value: Bharti Airtel is reported at about ₹11.81 lakh crore versus HDFC Bank at about ₹11.83 lakh crore. Reliance Industries remains the top company by market capitalisation at around ₹18.06 lakh crore.
Outlets also connect the reshuffle to broader relative underperformance across other large sectors, including information technology and banks. They note that TCS previously occupied the second spot but fell amid sell-off tied to uncertainty around AI-related disruption. The day’s moves align with reported year-to-date performance gaps, with Bharti Airtel down less than HDFC Bank over the period cited in the reports.
