Markets: ₹95,000 Crore Wiped Off Top 10 Most Valued Companies in One Day

Market Valuation of Top-10 Firms Declines by ₹64,734.46 Crore

The Indian equities market witnessed a decline in the combined market valuation of six of the top-10 most valued firms, amounting to ₹64,734.46 crore in a holiday-shortened last week. This reflects the broader weakness in the equities market. The BSE benchmark Sensex declined by 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, reflecting 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.

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The market valuation of key firms witnessed significant changes. Bharti Airtel's valuation eroded by ₹29,993.07 crore to ₹10,20,420.26 crore, while ICICI Bank's valuation tanked by ₹12,845.81 crore to ₹8,70,705.49 crore. Bajaj Finance lost ₹11,169.36 crore from its market valuation, which stood at ₹5,14,226.12 crore.

On the other hand, the market valuation of Tata Consultancy Services (TCS) surged by ₹22,359.78 crore to ₹8,87,028.43 crore. The mcap of Infosys soared by ₹12,374.76 crore to ₹5,27,409.43 crore, and that of Larsen & Toubro added ₹6,575.43 crore to ₹4,97,111.62 crore. Reliance Industries gained ₹3,518.45 crore to ₹18,28,034.07 crore.

The current ranking of the top-10 most valued firms remains unchanged, with Reliance Industries retaining the title, 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