₹79,129 Crore Wiped Off Top Firms’ Mcap; Bajaj Finance, ICICI Bank See Sharpest Falls

Last week, the combined market value of 8 of India’s 10 most valuable companies fell by ₹79,129 crore. The decline came amid a broadly weak trend in the stock market, with selling pressure across sectors.

During the same period, the BSE Sensex slipped by nearly 445 points, or 0.51%, reflecting cautious investor sentiment.

Bajaj Finance and ICICI Bank Take the Biggest Hit

Bajaj Finance saw the sharpest drop in valuation, with its market capitalisation falling by ₹19,289.7 crore to ₹6.33 lakh crore.

ICICI Bank was close behind, losing ₹18,516.31 crore in market value, taking its total valuation down to ₹9.77 lakh crore.

Other Major Losers in the Top-10 Pack

Bharti Airtel’s market value declined by ₹13,884.63 crore to ₹11.88 lakh crore. State Bank of India also saw a drop of ₹7,846.02 crore, with its valuation falling to ₹8.89 lakh crore.

Infosys lost ₹7,145.95 crore in market capitalisation, while Tata Consultancy Services (TCS) saw its value fall by ₹6,783.92 crore. HDFC Bank’s valuation dipped by ₹4,460.93 crore during the week.

Life Insurance Corporation of India (LIC) also ended the week lower, with its market value shrinking by ₹1,201.75 crore.

Reliance Industries and L&T Buck the Trend

In contrast to the broader market, Reliance Industries and Larsen & Toubro (L&T) were the only 2 companies among the top 10 to gain market value.

Reliance Industries added ₹20,434.03 crore, taking its valuation to ₹21.06 lakh crore, while L&T gained ₹4,910.82 crore to reach a market value of ₹5.60 lakh crore.

Ranking of India’s Most Valued Firms

Despite the weekly fluctuations, Reliance Industries continues to be India’s most valuable company. It is followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro and LIC.

Also Read: Cabinet Approves ₹11,718.24 Crore for Digital Census 2027!

Conclusion

A weak market sentiment last week led to a sharp erosion in the market value of most top companies, especially in the banking and financial space. While Reliance Industries and L&T managed to post gains, investors remained cautious as broader equity markets stayed under pressure.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.