8 of the Top 10 Indian Firms Lose ₹2.03 Lakh Crore in Market Capitalisation

The combined market valuation of eight of India’s 10 most valued domestic firms plummeted by ₹2,03,952.65 crore last week, with Reliance Industries suffering the most significant loss.

This decline aligns with the continued bearish trend in the broader stock market, as equity benchmark indices Sensex and Nifty extended their losing streak for the eighth consecutive session on Friday.

Sensex and Nifty See Downtrend 

Over the past eight trading days, the BSE benchmark Sensex has fallen by 2,644.6 points or 3.36%, while the NSE Nifty has declined by 810 points or 3.41%, reflecting weak investor sentiment.

Reliance, TCS, HDFC Bank Top Losers 

Reliance Industries witnessed the steepest decline, with its m-cap plunging by ₹67,526.54 crore to ₹16,46,822.12 crore. TCS lost ₹34,950.72 crore, bringing its valuation down to ₹14,22,903.37 crore, while HDFC Bank’s m-cap eroded by ₹28,382.23 crore, settling at ₹12,96,708.35 crore.

ITC suffered a decline of ₹25,429.75 crore, reducing its valuation to ₹5,13,699.85 crore. Infosys saw a loss of ₹19,287.32 crore, bringing its market valuation to ₹7,70,786.76 crore.

State Bank of India’s m-cap fell by ₹13,431.55 crore to ₹6,44,357.57 crore. Hindustan Unilever’s valuation shrank by ₹10,714.14 crore, down to ₹5,44,647 crore, while Bajaj Finance saw a drop of ₹4,230.4 crore, settling at ₹5,20,082.42 crore.

Bharti Airtel and ICICI Bank Top Gainers

Despite the widespread losses, Bharti Airtel and ICICI Bank emerged as gainers in the top-10 ranking. Bharti Airtel’s m-cap jumped by ₹22,426.2 crore to ₹9,78,631.54 crore, while ICICI Bank’s valuation climbed by ₹1,182.57 crore to ₹8,88,815.13 crore.

Reliance Retains Top Spot Among Most Valued Companies 

Despite its significant loss, Reliance Industries maintained its position as India’s most valued firm, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, Bajaj Finance, and ITC in the top-10 ranking.

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