In a volatile week for Indian markets, six of the top ten most valued companies witnessed a combined erosion of ₹1.55 lakh crore in market capitalization. The downturn mirrored the broader market’s struggle, with the BSE benchmark index slipping by 237.8 points, or 0.29%.
Reliance Industries took the hardest hit, with its market value plunging by ₹74,563.37 crore. The conglomerate now stands at a total market capitalization of ₹17,37,556.68 crore — still India’s most valuable company, but facing investor pressure.
Bharti Airtel followed, losing ₹26,274.75 crore, bringing its valuation down to ₹8,94,024.60 crore. ICICI Bank too wasn’t spared, witnessing a decline of ₹22,254.79 crore and settling at a market cap of ₹8,88,432.06 crore.
ITC shed ₹15,449.47 crore, its value now at ₹5,98,213.49 crore. Life Insurance Corporation (LIC) saw a cut of ₹9,930.25 crore, bringing it to ₹5,78,579.16 crore. Hindustan Unilever rounded off the losses, down by ₹7,248.49 crore at ₹5,89,160.01 crore.
But it wasn’t all red.
Four major players showed gains, led by Tata Consultancy Services (TCS), which added ₹57,744.68 crore and now stands strong at ₹14,99,697.28 crore.
Infosys grew by ₹28,838.95 crore, reaching a valuation of ₹7,60,281.13 crore. State Bank of India (SBI) saw an increase of ₹19,812.65 crore, bringing its market cap to ₹7,52,568.58 crore. HDFC Bank added ₹14,678.09 crore, now standing at ₹13,40,754.74 crore.
Despite the shakeup, Reliance Industries continues to top the valuation chart, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, ITC, Hindustan Unilever, and LIC.
These shifts underscore a clear sentiment of investor caution, influenced by both global cues and domestic uncertainties. As volatility grows, strategic financial planning becomes even more critical for both institutional and retail investors navigating the Indian stock market.
