Market Capitalization of 6 of India's Top-10 Most Valued Firms Drops by Nearly Rs 65,000 Crore; Bharti Airtel Posts Largest Decline
Market Valuation of Top Firms Declines by Rs 64,734.46 Crore in Holiday-Shortened Week
The combined market valuation of six of the top-10 most valued firms in India declined by Rs 64,734.46 crore in a holiday-shortened last week. This decline reflects the broader weakness in the equities market. The BSE benchmark Sensex declined 263.67 points, or 0.35 per cent, and the NSE Nifty fell 106.5 points, or 0.46 per cent.
Markets ended lower for the sixth consecutive week, declining by nearly half a per cent. This reflects heightened volatility driven by a mix of global and domestic uncertainties. The holiday-shortened week began on a weak note as escalating US-Iran tensions and a sharp rise in crude oil prices weighed on sentiment, triggering broad-based selling pressure.
However, markets staged a mid-week recovery supported by easing geopolitical concerns and softer oil prices. Despite this rebound, volatility remained elevated due to fluctuating global cues, continued foreign institutional outflows, rupee weakness, and inflation concerns.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
The market valuation of Bharti Airtel eroded by Rs 29,993.07 crore to Rs 10,20,420.26 crore. ICICI Bank's valuation tanked by Rs 12,845.81 crore to Rs 8,70,705.49 crore. Bajaj Finance lost Rs 11,169.36 crore from its market valuation, which stood at Rs 5,14,226.12 crore.
| Company | Market Valuation (Previous Week) | Market Valuation (Current Week) | Change |
|---|---|---|---|
| HDFC Bank | Rs 11,56,195.90 crore | Rs 11,56,195.90 crore - Rs 7,822.79 crore | - Rs 7,822.79 crore |
| Hindustan Unilever | Rs 4,85,190.60 crore | Rs 4,85,190.60 crore - Rs 2,349.59 crore | - Rs 2,349.59 crore |
| State Bank of India | Rs 9,41,015.31 crore | Rs 9,41,015.31 crore - Rs 553.84 crore | - Rs 553.84 crore |
In contrast, the market valuation of Tata Consultancy Services (TCS) surged by Rs 22,359.78 crore to Rs 8,87,028.43 crore. The market capitalisation of Infosys soared by Rs 12,374.76 crore to Rs 5,27,409.43 crore, and that of Larsen & Toubro added Rs 6,575.43 crore to Rs 4,97,111.62 crore.
The market valuation of Reliance Industries gained Rs 3,518.45 crore to Rs 18,28,034.07 crore. Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, Tata Consultancy Services Ltd, ICICI Bank, Infosys, Bajaj Finance, Larsen & Toubro, and Hindustan Unilever.
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Investor Takeaway
Investors should be cautious of the broader weakness in the equities market.
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