Market Cap of Six Top Firms Falls ₹1.36 Trillion; Reliance Industries Hit Hardest
Broad equity weakness weighs on top corporates
The combined market valuation of six of India’s ten most valued companies fell by ₹1,36,151.24 crore last week, in line with a sixth consecutive week of market losses. Reliance Industries recorded the sharpest decline.
The BSE Sensex dropped 742.12 points (0.92%), while the NSE Nifty lost 202.05 points (0.82%) during the week, reflecting broad-based selling pressure.
Biggest losers
From the top 10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, and Hindustan Unilever saw declines in market capitalisation (mcap):
| Company | Weekly Mcap Loss (₹ crore) | New Mcap (₹ crore) |
|---|---|---|
| Reliance Industries | 34,710.80 | 18,51,174.59 |
| HDFC Bank | 29,722.04 | 15,14,303.58 |
| ICICI Bank | 24,719.45 | 10,25,495.69 |
| Infosys | 19,504.31 | 5,91,423.02 |
| Bharti Airtel | 15,053.55 | 10,59,850.32 |
| Hindustan Unilever | 12,441.09 | 5,87,021.88 |
Gainers bucking the trend
Four companies posted valuation gains:
| Company | Weekly Mcap Gain (₹ crore) | New Mcap (₹ crore) |
|---|---|---|
| LIC | 17,678.37 | 5,77,187.67 |
| TCS | 11,360.80 | 10,97,908.66 |
| SBI | 9,784.46 | 7,42,649.34 |
| Bajaj Finance | 186.43 | 5,45,148.52 |
Market positioning remains stable at the top
Despite the losses, Reliance Industries continues to lead as India’s most valued company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Hindustan Unilever, LIC, and Bajaj Finance.
Outlook
Analysts point to continued global headwinds, FPI outflows, and trade tensions as short-term risks for market valuations. The concentration of losses among top corporates underscores broad market fragility ahead of key macroeconomic data releases this week.
