Reliance, LIC Among Top Firms Losing ₹1.25 Lakh Crore Market Valuation Last Week

The combined market valuation of four of the top 10 most-valued firms declined by ₹1,25,397.45 crore last week, reflecting weak investor sentiment at Dalal Street. The BSE benchmark index fell by 428.87 points (0.55%), while the Nifty dipped by 111 points (0.47%) during the week.

Major Losers: Reliance Industries Takes the Biggest Hit

Reliance Industries recorded the steepest decline, with its market valuation slumping by ₹74,969.35 crore to ₹16,85,998.34 crore. Life Insurance Corporation of India (LIC) saw its valuation erode by ₹21,251.99 crore to ₹5,19,472.06 crore. State Bank of India (SBI) experienced a decline of ₹17,626.13 crore, bringing its valuation to ₹6,64,304.09 crore. ICICI Bank’s market valuation also dropped by ₹11,549.98 crore, settling at ₹8,53,945.19 crore.

Gainers: Infosys and HDFC Bank Lead the Surge

In contrast, Infosys’ market capitalisation (mcap) surged by ₹24,934.38 crore to ₹7,78,612.76 crore, marking the highest gain among the top 10 firms. HDFC Bank added ₹9,828.08 crore to reach a valuation of ₹12,61,627.89 crore.

Bharti Airtel’s valuation jumped by ₹9,398.89 crore to ₹9,36,413.86 crore, while Tata Consultancy Services (TCS) climbed by ₹9,262.3 crore to ₹15,01,976.67 crore. Hindustan Unilever’s m-cap rose by ₹3,442.15 crores to ₹5,56,594.67 crore, and ITC’s valuation increased by ₹1,689.08 crores to ₹5,52,392.01 crore.

Reliance Remains the Most Valued Firm

Despite the decline, Reliance Industries retained its position as the country’s most valued firm by market capitalisation, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, Hindustan Unilever, ITC, and LIC.

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