Market Slump Hits Big Players, ₹94,000 Cr Wiped Off From 6 Top Companies


Key Highlights:

- TCS lost the most — Rs 27,335 crore in market value

- Reliance and HDFC Bank also saw major declines

- SBI, ICICI Bank, Bajaj Finance, and LIC registered gains

Mumbai: The stock market closed weak last week, with the BSE Sensex falling by 742 points (0.90 percent). This fall had a visible impact on some of the country’s biggest companies. Out of the top 10 most valued firms, 6 companies saw a combined market cap erosion of Rs 94,433 crore.

TCS and Reliance Lead the Losers

Tata Consultancy Services (TCS) took the hardest hit, with its market value dropping by Rs 27,335 crore, bringing it down to Rs 11.54 lakh crore.

Reliance Industries, India’s most valued firm, also suffered a sharp fall of Rs 24,358 crore, with its market capitalisation now at Rs 19.98 lakh crore.

Other Major Losers: HDFC Bank, Airtel, Infosys, HUL

- HDFC Bank saw a loss of Rs 20,052 crore, reducing its value to Rs 15 lakh crore.

- Bharti Airtel declined by Rs 11,889 crore, now valued at Rs 10.84 lakh crore.

- Infosys lost Rs 3,469 crore, while Hindustan Unilever (HUL) dropped Rs 7,331 crore in value.

Four Companies Managed to Stay in Green

Despite the broader market weakness, 4 companies recorded gains:

- State Bank of India (SBI) rose the most, with a jump of Rs 13,208 crore.

- Bajaj Finance added Rs 5,282 crore, and

- ICICI Bank increased by Rs 3,095 crore.

- LIC also saw a modest gain of Rs 506 crore.

Updated Ranking by Market Value

Reliance continues to be India’s most valued company, followed by HDFC Bank, TCS, Airtel, ICICI Bank, SBI, Infosys, Bajaj Finance, HUL, and LIC.

(With PTI Inputs)