Four of India's top-10 most valued companies experienced significant market capitalisation losses last week, with State Bank of India leading the decline at ₹44,722.34 crore to reach ₹9,41,107.62 crore. According to reports from PTI, Bharti Airtel followed with a ₹31,167.1 crore decline to ₹11,18,055.03 crore, while Tata Consultancy Services saw its valuation drop by ₹28,456.26 crore to ₹8,66,477.69 crore. Larsen & Toubro rounded out the major losers with a ₹5,371.84 crore decline to ₹5,46,621.21 crore.
Despite the losses among major companies, the broader market showed resilience during the same period. As reported by PTI, the BSE Sensex climbed 414.69 points or 0.53% while the NSE Nifty gained 178.6 points or 0.74% last week. However, market sentiment remained cautious throughout the volatile trading week, with early optimism driven by hopes of Middle East de-escalation and easing oil prices quickly fading as renewed US-Iran tensions resurfaced.
Several companies bucked the trend and posted significant gains during the same period. According to PTI reports, Reliance Industries added ₹6,563.28 crore to reach ₹19,42,866.58 crore, maintaining its position as India's most valued company. HDFC Bank jumped ₹15,425.09 crore to ₹12,02,699.26 crore, while Bajaj Finance surged ₹11,486.89 crore to ₹5,94,610.02 crore. Hindustan Unilever added ₹8,763.97 crore to reach ₹5,37,562.98 crore, and LIC gained ₹2,751.37 crore to ₹5,07,549.44 crore.
The net result of these movements left Reliance Industries as India's most valued company, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever, and LIC in the top-10 rankings. As reported by PTI, together, the top-10 companies added ₹46,685.21 crore in market valuation despite the losses among the four major decliners.
