[sql-server] How to update large table with millions of rows in SQL Server?

First of all, thank you all for your inputs. I tweak my Query - 1 and got my desired result. Gordon Linoff is right, PRINT was messing up my query so I modified it as following:

Modified Query - 1:

SET ROWCOUNT 5
WHILE (1 = 1)
  BEGIN
    BEGIN TRANSACTION

        UPDATE TableName 
        SET Value = 'abc1' 
        WHERE Parameter1 = 'abc' AND Parameter2 = 123

        IF @@ROWCOUNT = 0
          BEGIN
                COMMIT TRANSACTION
                BREAK
          END
    COMMIT TRANSACTION
  END
SET ROWCOUNT  0

Output:

(5 row(s) affected)

(5 row(s) affected)

(4 row(s) affected)

(0 row(s) affected)