The combined market capitalisation of seven of India’s 10 most valued companies declined by Rs 3.63 lakh crore last week, with Reliance Industries suffering the steepest erosion, as equities remained under sustained selling pressure.
The BSE benchmark index slid 2,185.77 points, or 2.54 per cent, during the week, reflecting broad-based weakness across key sectors.
“Indian equity markets ended last week on a negative note, reflecting heightened risk aversion triggered by renewed US tariff threats and rising geopolitical tensions,” Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.
Among the major laggards, Reliance Industries saw its market valuation tumble by Rs 1,58,532.91 crore to Rs 19,96,445.69 crore, emerging as the biggest drag on overall market capitalisation.
HDFC Bank’s valuation declined by Rs 96,153.61 crore to Rs 14,44,150.26 crore, while Bharti Airtel lost Rs 45,274.72 crore to end the week at Rs 11,55,987.81 crore.
Also read: Mcap of 7 top-10 firms climbs ₹1.23 lakh cr
Bajaj Finance witnessed a contraction of Rs 18,729.68 crore in its market capitalisation to Rs 5,97,700.75 crore. Larsen & Toubro’s valuation slipped by Rs 18,728.53 crore to Rs 5,53,912.03 crore, while Tata Consultancy Services saw its market capitalisation fall by Rs 15,232.14 crore to Rs 11,60,682.48 crore.
Infosys also closed the week lower, with its market valuation dipping by Rs 10,760.59 crore to Rs 6,70,875 crore.
In contrast, three firms bucked the broader trend. ICICI Bank added Rs 34,901.81 crore to its market capitalisation, which rose to Rs 10,03,674.95 crore. Hindustan Unilever’s valuation increased by Rs 6,097.19 crore to Rs 5,57,734.23 crore, while State Bank of India gained Rs 599.99 crore to reach Rs 9,23,061.76 crore.
Despite the erosion, Reliance Industries retained its position as India’s most valued company, followed by HDFC Bank, Tata Consultancy Services, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and Larsen & Toubro.
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