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The Indian stock market witnessed significant volatility last week, with eight of the top 10 most-valued firms suffering a combined market cap loss of ₹1.65 lakh crore. Tech giant TCS took the biggest hit, while Reliance Industries was the only major gainer amid the downturn.
Market Overview
Both key indices ended the week in the red:
BSE Sensex lost 628.15 points (-0.82%)
Nifty declined 133.35 points (-0.58%)
Biggest Losers: TCS, Bharti Airtel, ICICI Bank Lead the Fall
India’s top companies saw a sharp drop in valuations, with TCS suffering the most:
TCS: - ₹53,185.89 crore (Market Cap: ₹13,69,717.48 crore)
Bharti Airtel: - ₹44,407.77 crore (Market Cap: ₹9,34,223.77 crore)
ICICI Bank: - ₹18,235.45 crore
Hindustan Unilever: - ₹17,962.62 crore
Infosys: - ₹17,086.61 crore
ITC: - ₹11,949.42 crore
HDFC Bank: - ₹2,555.53 crore
State Bank of India (SBI): - ₹401.61 crore
Reliance Industries Defies Market Trend
While most major firms struggled, Reliance Industries emerged as the lone winner, adding ₹14,547.3 crore to its market cap, bringing its valuation to ₹16,61,369.42 crore. Bajaj Finance also saw a modest gain of ₹384.33 crore, reaching ₹5,20,466.75 crore in market capitalization.
Top 10 Most Valued Companies in India (Market Cap Ranking)
Reliance Industries – ₹16,61,369.42 crore
TCS – ₹13,69,717.48 crore
HDFC Bank
Bharti Airtel
ICICI Bank
Infosys
State Bank of India (SBI)
Hindustan Unilever
Bajaj Finance
ITC
What’s Next for the Market?
Market sentiment remains bearish, with global and domestic factors influencing investor confidence. Analysts suggest caution in the coming weeks, as volatility is expected to persist. However, Reliance's resilience signals strength in certain sectors despite the broader downturn.
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