Top-Ten Titans See ₹2.07 Lakh Crore Wipeout; TCS & Airtel Bear the Brunt
Heavyweights Falter as Sensex Declines Amid Earnings Disillusionment
Combined Valuation Hit by ₹2,07,501.58 Crore
- Eight of the Indian market’s top ten firms lost a cumulative ₹2.07 lakh crore in market capitalization last week.
- The BSE Sensex slid 932.42 points (–1.11%) over the same period, reflecting broad-based profit-booking.
TCS and Bharti Airtel Lead the Decliners
- TCS dipped 3.5% on Friday after underwhelming Q1 results, erasing ₹56,279.35 crore to settle at ₹11,81,450.30 crore.
- Bharti Airtel shed ₹54,483.62 crore, closing at ₹10,95,887.62 crore, as competition and tariff concerns weighed on sentiment.
Reliance & Infosys Also Under Pressure
- Reliance Industries saw its market cap contract by ₹44,048.20 crore to ₹20,22,901.67 crore, despite steady downstream earnings.
- Infosys fell ₹18,818.86 crore, landing at ₹6,62,564.94 crore, as investors awaited clearer margin guidance.
Banks and LIC Trim Valuations
- ICICI Bank plunged ₹14,556.84 crore to ₹10,14,913.73 crore, amid concerns over asset-quality headwinds.
- LIC slipped ₹11,954.25 crore, ending at ₹5,83,322.91 crore, as bond yields continued to climb.
HDFC Bank & SBI See Minor Erosions
- HDFC Bank dipped ₹4,370.71 crore, closing at ₹15,20,969.01 crore, as credit‐growth worries lingered.
- State Bank of India ceded ₹2,989.75 crore to finish at ₹7,21,555.53 crore, with net interest margins under scrutiny.
Bright Spots: HUL and Bajaj Finance Buck the Trend
- Hindustan Unilever jumped ₹42,363.13 crore to ₹5,92,120.49 crore, after naming Priya Nair its first woman CEO and MD—a landmark appointment.
- Bajaj Finance added ₹5,033.57 crore, reaching ₹5,80,010.68 crore, on the back of strong retail‐credit momentum.
“Leadership transitions and sector‐specific tailwinds provided rare relief amid a broader de-risking,” noted a market strategist, pointing to HUL’s board move and Bajaj Finance’s asset-quality resilience.
