The combined market value of seven of India’s top 10 companies dropped by Rs 1.25 lakh crore in the past week. During this time, the Sensex fell by 532.4 points, and the Nifty slipped by 181.05 points.
Reliance Industries Limited experienced the most significant decline, with its market capitalization decreasing by Rs 39,718 crore to Rs 17,47,321.40 crore. Despite this, it remained the most valued listed company in India.
Tata Consultancy Services also saw a notable decrease in valuation, losing Rs 20,134.66 crore to settle at Rs 7,95,346.09 crore. Bharti Airtel’s market capitalization declined by Rs 18,736.04 crore, bringing it down to Rs 10,96,150.49 crore.
Larsen & Toubro, an infrastructure major, faced pressure as its valuation slipped by Rs 16,880.2 crore to Rs 5,43,956.44 crore. Life Insurance Corporation of India lost Rs 14,610.74 crore, reducing its market value to Rs 5,05,873.32 crore.
In the financial sector, Bajaj Finance witnessed a decline of Rs 9,681.36 crore, while Hindustan Unilever Limited lost Rs 5,909.23 crore in market capitalization over the week.
Despite these losses, State Bank of India gained Rs 12,692.09 crore in valuation, reaching Rs 9,02,523.63 crore. ICICI Bank and HDFC Bank also saw increases in their market capitalization by Rs 4,484.86 crore and Rs 4,101.47 crore, respectively.
Reliance Industries maintained its position as the most valued Indian company, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, LIC, and Hindustan Unilever among the top 10 firms by market capitalization.
