The market capitalisation of Tata Consultancy Services (TCS) fell by Rs 18,180.89 crore last week, bringing its total valuation down to Rs 9,53,872.59 crore amidst pressure on equity markets. Overall, nine of the top-10 most valued companies collectively lost Rs 2,18,902.09 crore in market valuation during the week, reflecting a bearish trend in the stock market. The BSE benchmark index saw a significant decline of 1,527.52 points, or 1.84 per cent, over the same period.
According to Ajit Mishra, SVP, Research at Religare Broking Limited, equity markets closed the week under notable pressure due to persistent geopolitical tensions and weakness in technology stocks, impacting overall investor sentiment. Among the major losers, Bharti Airtel experienced the sharpest fall in valuation, with its market cap dropping by Rs 55,852.12 crore to Rs 10,71,853.25 crore. HDFC Bank also witnessed a substantial decline of Rs 37,580.1 crore, bringing its valuation to Rs 13,65,659.38 crore.
The market valuation of Reliance Industries decreased by Rs 34,846.12 crore to Rs 18,86,832.66 crore, while Bajaj Finance lost Rs 20,316.41 crore, with its market cap decreasing to Rs 6,20,070.59 crore. Life Insurance Corporation of India (LIC) saw a decline of Rs 14,990.24 crore in its valuation to Rs 5,37,213.68 crore, and Larsen & Toubro’s market cap fell by Rs 13,714.85 crore to Rs 5,88,837.39 crore. State Bank of India lost Rs 13,061.33 crore, bringing its valuation to Rs 11,09,520.23 crore, and ICICI Bank also experienced a dip in its market cap by Rs 10,360.03 crore to Rs 9,86,986.64 crore.
In contrast, Hindustan Unilever was the only gainer among the top-10 firms, with its market valuation increasing by Rs 5,462.81 crore to Rs 5,49,393.18 crore. Despite the weekly losses, Reliance Industries maintained its position as the most valued company in India, followed by HDFC Bank, State Bank of India, Bharti Airtel, ICICI Bank, and TCS. The list also included Bajaj Finance, Larsen & Toubro, Hindustan Unilever, and LIC.
