Bharti Airtel gick på måndagen för en kort stund om HDFC Bank och blev Indiens näst mest värdefulla företag sett till börsvärde. Telekomoperatören nådde ett värde på 11,9 biljoner rupier innan HDFC Bank återtog platsen vid börsens stängning.
Skiftet skedde mitt i en bredare underprestation av traditionella marknadsledare inom sektorer som informationsteknik och bankverksamhet. Bharti Airtels uppgång belyser de förändrade investerarpreferenserna på Dalal Street under handelssessionen.
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Indian equity benchmarks Nifty 50 and Sensex crashed more than 3% on Thursday, their steepest single-day decline since June 2024, closing at 23,002.15 and 74,207.24 respectively. Escalating West Asia conflicts drove crude above $110 a barrel, stoking inflation fears, while HDFC Bank shares tumbled over 5% following chairman Atanu Chakraborty's resignation.
Domestic institutional investors raised their holdings in several large-cap Indian companies during the March 2026 quarter. Buying focused on financial, technology, telecom and industrial names even as share prices fell sharply.
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Several brokerages have identified 10 largecap stocks in India with significant upside potential despite rising oil prices from the US-Iran war. Crude oil has surpassed $125 per barrel, fueling inflation fears and market uncertainty. Stocks like HDFC Bank and Bharti Airtel top the lists from firms including Jefferies and Axis Direct.
Reliance Industries has become the first Indian company to surpass $10 billion in annual profit, reporting a record net profit of Rs 95,610 crore for FY26. The conglomerate's consumer businesses, including Jio and Reliance Retail, drove robust growth despite a quarterly dip in its oil-to-chemicals segment. Reliance Retail has now crossed 20,000 stores.
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Despite weakness in the broader market due to escalating Middle East tensions and hawkish US Federal Reserve signals, certain smallcap stocks in India posted strong gains of up to 41% over five sessions. Crude oil prices rose above $110 per barrel, raising inflation concerns. A selective rally highlighted top performers across various sectors.
Building on February's gains that pushed market cap to N113trn, the Nigerian stock market added N1.72 trillion on March 3, 2026, fueled by strong demand for MTN Nigeria and Dangote Cement shares.
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India's small-cap stocks surged 17.1% in April, marking their best monthly performance in at least a decade. The Nifty Smallcap 250 index rebounded sharply after a steep sell-off in March. Local investors snapped up undervalued stocks with strong growth potential.