MOHAMMAD ZIYAUDDIN
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New Delhi: The combined market capitalization (mcap) of five of India’s top-10 most valued companies declined by ₹93,357.52 crore last week, with IT giants Infosys and Tata Consultancy Services (TCS) suffering the biggest losses. This came amid a weak trend in domestic equities, as the BSE Sensex and NSE Nifty registered declines.
Stock Market Recap (Last Week):
- Sensex fell by 503.67 points (0.68%)
- Nifty dropped 155.3 points (0.69%)
- Markets remained closed on Friday for Holi
Market Cap Decline: Five Firms Lose ₹93,357 Crore
Infosys: ₹44,226.62 crore loss → New mcap: ₹6,55,820.48 crore
TCS: ₹35,800.98 crore loss → New mcap: ₹12,70,798.97 crore
Hindustan Unilever: ₹6,567.11 crore loss → New mcap: ₹5,11,235.81 crore
State Bank of India (SBI): ₹4,462.31 crore loss → New mcap: ₹6,49,489.22 crore
Reliance Industries: ₹2,300.50 crore loss → New mcap: ₹16,88,028.20 crore
TCS slipped to third place in India's most valuable companies list, losing its position to HDFC Bank.
Gainers: Five Firms Add ₹49,833 Crore in Market Cap
ICICI Bank: ₹25,459.16 crore gain → New mcap: ₹8,83,202.19 crore
HDFC Bank: ₹12,591.60 crore gain → New mcap: ₹13,05,169.99 crore
ITC: ₹10,073.34 crore gain → New mcap: ₹5,15,366.68 crore
Bajaj Finance: ₹911.22 crore gain → New mcap: ₹5,21,892.47 crore
Bharti Airtel: ₹798.30 crore gain → New mcap: ₹9,31,068.27 crore
India’s Top 10 Most Valued Companies (As of Last Week)
Reliance Industries – ₹16.88 lakh crore
HDFC Bank – ₹13.05 lakh crore
TCS – ₹12.70 lakh crore
Bharti Airtel – ₹9.31 lakh crore
ICICI Bank – ₹8.83 lakh crore
Infosys – ₹6.55 lakh crore
State Bank of India – ₹6.49 lakh crore
Bajaj Finance – ₹5.21 lakh crore
ITC – ₹5.15 lakh crore
Hindustan Unilever – ₹5.11 lakh crore
With IT giants facing declines and banks leading the gains, market trends indicate shifting investor sentiment amid global uncertainties and domestic market fluctuations.
