Market Value of Top 8 Indian Companies Drops by ₹1.28 Lakh Crore, TCS and Infosys Hit Hardest

Last week, eight of the top 10 most valuable companies in India lost a total of ₹1,28,913.5 crore in market value, according to PTI. The biggest losers were Tata Consultancy Services (TCS) and Infosys due to weak market trends.

Top 10 Most Valued Companies:

1. Reliance Industries (RIL)
2. Tata Consultancy Services (TCS)
3. HDFC Bank
4. Bharti Airtel
5. ICICI Bank
6. State Bank of India (SBI)
7. Infosys
8. Life Insurance Corporation of India (LIC)
9. Hindustan Unilever (HUL)
10. ITC

Biggest Losers:

• TCS: Lost ₹37,971.83 crore, dropping to ₹15,49,626.88 crore.
• Infosys: Lost ₹23,811.88 crore, falling to ₹7,56,250.47 crore.
• ITC: Lost ₹16,619.51 crore, now at ₹6,11,423.11 crore.
• SBI: Lost ₹13,431.54 crore, dropping to ₹7,56,717.85 crore.
• RIL: Lost ₹13,125.49 crore, now at ₹20,28,695.57 crore.
• Bharti Airtel: Lost ₹11,821.5 crore, falling to ₹8,50,389.88 crore.
• ICICI Bank: Lost ₹7,843.75 crore, now at ₹8,42,176.78 crore.
• HUL: Lost ₹4,288 crore, dropping to ₹6,32,862.41 crore.

Gainers:

• HDFC Bank: Gained ₹32,759.37 crore, rising to ₹12,63,601.40 crore.
• LIC: Gained ₹1,075.25 crore, now at ₹7,47,677.98 crore.

Last week, the BSE benchmark fell by 350.77 points or 0.43%.

Market Watch:

• The Nifty 50 index reached 25,000 on August 1 but then dropped by about 1% on August 2 due to profit booking and a broader market selloff.
• Despite the drop, experts are positive about continued growth in the Indian market, supported by strong economic fundamentals, India’s global position, and consistent corporate earnings. These factors are expected to drive further growth and stability.