Market Recap: Top 10 Indian Companies Witness ₹1.25 Lakh Crore Decline in Market Cap, 6 Show Gains
In a mixed week for India’s equity markets, the market capitalization (market cap) of four of the top 10 most valued companies declined by a total of ₹1.25 lakh crore. Meanwhile, the remaining six companies recorded a combined gain of ₹58,554.88 crore. The week’s sharpest loss was observed by Reliance Industries, while Infosys emerged as the biggest gainer.
Weekly Performance Highlights
Gainers: Market Cap Increases
- Infosys
- Gain: ₹24,934.38 crore
- New Market Cap: ₹7,78,612.76 crore
- HDFC Bank
- Gain: ₹9,828.08 crore
- New Market Cap: ₹12,61,627.89 crore
- Bharti Airtel
- Gain: ₹9,398.89 crore
- New Market Cap: ₹9,36,413.86 crore
- Tata Consultancy Services (TCS)
- Gain: ₹9,262.30 crore
- New Market Cap: ₹15,01,976.67 crore
- Hindustan Unilever (HUL)
- Gain: ₹3,442.15 crore
- New Market Cap: ₹5,56,594.67 crore
- ITC
- Gain: ₹1,689.08 crore
- New Market Cap: ₹5,52,392.01 crore
Losers: Market Cap Declines
- Reliance Industries
- Loss: ₹74,969.35 crore
- New Market Cap: ₹16,85,998.34 crore
- Life Insurance Corporation of India (LIC)
- Loss: ₹21,251.99 crore
- New Market Cap: ₹5,19,472.06 crore
- State Bank of India (SBI)
- Loss: ₹17,626.13 crore
- New Market Cap: ₹6,64,304.09 crore
- ICICI Bank
- Loss: ₹11,549.98 crore
- New Market Cap: ₹8,53,945.19 crore
Market Context
The BSE Sensex dropped 428.87 points (0.55%), while the NSE Nifty declined by 111 points (0.47%) during the week. The losses were largely attributed to profit-booking and global economic concerns, impacting major players like Reliance Industries and LIC. On the other hand, IT and telecom stocks outperformed, bolstering Infosys and Bharti Airtel.
Top 10 Most Valued Companies in India by Market Cap
- Reliance Industries: ₹16,85,998.34 crore
- TCS: ₹15,01,976.67 crore
- HDFC Bank: ₹12,61,627.89 crore
- Bharti Airtel: ₹9,36,413.86 crore
- ICICI Bank: ₹8,53,945.19 crore
- Infosys: ₹7,78,612.76 crore
- SBI: ₹6,64,304.09 crore
- Hindustan Unilever (HUL): ₹5,56,594.67 crore
- ITC: ₹5,52,392.01 crore
- LIC: ₹5,19,472.06 crore
Market Recap: Top 10 Indian Companies Witness ₹1.25 Lakh Crore Decline in Market Cap, 6 Show Gains
