Share Market Shock: Top 8 Companies Lose ₹2.08 Lakh Crore in Market Cap

Last week, eight of the top 10 most valuable companies saw a combined drop in their market value by ₹2,08,207.93 crore. Among them, Reliance Industries, TCS, and Infosys experienced the biggest declines.

Alongside Reliance Industries, TCS, and Infosys, other companies witnessing a decrease in market cap included ITC, Life Insurance Corporation (LIC), Hindustan Unilever Ltd, Bharti Airtel, and ICICI Bank. However, HDFC Bank and State Bank of India (SBI) were exceptions, showing gains.


Sensex Movement

The BSE Sensex, after a five-day losing streak, dropped by 1,449 points or 1.92%. However, it recovered slightly by 75.71 points, settling at 73,961.31 on Friday.

Reliance Industries saw a significant decrease in market capitalization, dropping by ₹67,792.23 crore to ₹19,34,717.12 crore. Similarly, TCS’s market cap fell by ₹65,577.84 crore to ₹13,27,657.21 crore. Infosys’s valuation slumped by ₹24,338.1 crore to ₹5,83,860.28 crore, and ITC’s went lower by ₹12,422.29 crore to ₹5,32,036.41 crore.

LIC’s market cap declined by ₹10,815.74 crore to ₹6,40,532.52 crore, while HUL’s valuation eroded by ₹9,680.31 crore to ₹5,47,149.32 crore. Bharti Airtel’s market cap fell by ₹9,503.31 crore to ₹7,78,335.40 crore, and ICICI Bank’s dipped by ₹8,078.11 crore to ₹7,87,229.71 crore.

On the other hand, HDFC Bank’s market cap surged by ₹10,954.49 crore to ₹11,64,083.85 crore, and SBI added ₹1,338.7 crore, reaching a market valuation of ₹7,40,832.04 crore.

Reliance Industries retained its position as the most valued firm among the top 10, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, SBI, LIC, Infosys, Hindustan Unilever, and ITC.

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