Mumbai: The Indian stock market continued its losing streak for the sixth straight week, pulling down the market value of six of the country’s ten most valuable companies. Together, they lost Rs 1,36,151.24 crore last week. The benchmark BSE Sensex fell by 742.12 points (0.92 percent), while the NSE Nifty dropped 202.05 points (0.82 percent).
Reliance Leads the Losses
Reliance Industries faced the steepest decline, with its market capitalisation (mcap) dropping by Rs 34,710.8 crore to Rs 18,51,174.59 crore. Despite the fall, Reliance remained the most valuable company in India.
HDFC Bank followed with a loss of Rs 29,722.04 crore, bringing its mcap down to Rs 15,14,303.58 crore. ICICI Bank’s valuation fell by Rs 24,719.45 crore to Rs 10,25,495.69 crore.
Tech and Consumer Giants Also Hit
IT major Infosys saw its valuation fall by Rs 19,504.31 crore to Rs 5,91,423.02 crore. Telecom leader Bharti Airtel lost Rs 15,053.55 crore, slipping to Rs 10,59,850.32 crore. FMCG heavyweight Hindustan Unilever shed Rs 12,441.09 crore, with its valuation now at Rs 5,87,021.88 crore.
Bright Spots in a Weak Week
Four companies bucked the trend. LIC saw the biggest gain, adding Rs 17,678.37 crore to reach a valuation of Rs 5,77,187.67 crore. Tata Consultancy Services (TCS) rose by Rs 11,360.8 crore to Rs 10,97,908.66 crore. State Bank of India’s value climbed by Rs 9,784.46 crore to Rs 7,42,649.34 crore. Bajaj Finance added Rs 186.43 crore, taking its valuation to Rs 5,45,148.52 crore.
Top 10 Most Valued Firms – Order Unchanged
Despite the mixed results, the ranking of the top 10 most valued firms remained the same: Reliance Industries, HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC, and Bajaj Finance.
