Market Capitalization of Five Top-10 Valued Companies Declines by ₹1 Lakh Crore

Market Valuation Update: Top 10 Firms

Last week, the Indian stock market saw a mixed performance, with the combined market valuation of five top-10 firms eroding by ₹1,02,771.87 crore. The BSE Sensex dipped 30.96 points, or 0.04 per cent, and the NSE Nifty slipped 36.6 points, or 0.15 per cent.

The market ended the week on a largely flat note with a negative bias, reflecting underlying caution among participants. HDFC Bank took the biggest hit, with its valuation tumbling by ₹56,124.48 crore to ₹12,01,267.28 crore. Other laggards included ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, and Hindustan Unilever, with market capitalization declines of ₹6,171.72 crore, ₹7,127.63 crore, ₹15,338.42 crore, and ₹18,009.62 crore, respectively.

On the other hand, Reliance Industries emerged as a winner, with its valuation jumping by ₹45,942.75 crore to ₹19,14,235.92 crore. Other gainers included Bharti Airtel, State Bank of India, Infosys, and Life Insurance Corporation of India (LIC), with market capitalization increases of ₹24,462.03 crore, ₹10,707.52 crore, ₹2,473.79 crore, and ₹2,624.88 crore, respectively.

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As of the end of the week, the ranking of the top 10 firms remained unchanged, with Reliance Industries retaining its position as the most-valued firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Infosys, LIC, and Hindustan Unilever Ltd.