Nine Top Firms Lose ₹3.12 Lakh Cr in a Week as Reliance Drops, Airtel Surges
Nine Top Firms Lose ₹3.12 Lakh Cr in a Week as Reliance Drops, Airtel Surges
India's blue-chip pack shed ₹3.12 lakh crore in market value last week as Reliance slid the most, while Bharti Airtel was the sole winner.
The combined market capitalization of nine of the top 10 valued firms eroded by ₹3.12 lakh crore last week, with Reliance Industries taking the biggest hit. The week ended with the Sensex down 2,090.2 points (2.7%) and the Nifty slipping by 532.65 points (2.2%), as crude oil rose above $105 per barrel, intensifying worries about imported inflation and squeezing corporate margins. Markets had been inching out of a three-week consolidation, but global tensions and a weak rupee kept sellers in control.
From the top-10 pack, Reliance Industries tumbled ₹1,34,445.77 crore to ₹18,08,420.81 crore. State Bank of India’s valuation eroded by ₹52,245.3 crore to ₹8,88,862.32 crore. Tata Consultancy Services (TCS) fell ₹47,415.04 crore to ₹8,19,062.65 crore, and Bajaj Finance declined ₹27,892.28 crore to ₹5,66,717.74 crore. HDFC Bank’s market capitalisation dropped by ₹20,630.01 crore to ₹11,82,069.25 crore, ICICI Bank slid ₹14,290 crore to ₹8,92,385.39 crore. Larsen & Toubro lost ₹9,078.87 crore to ₹5,37,542.34 crore, Hindustan Unilever declined ₹3,970.8 crore to ₹5,33,592.18 crore, and LIC dipped ₹2,182.12 crore to ₹5,05,367.32 crore.
Bharti Airtel, however, was the lone bright spot among the top-10, with its market capitalisation jumping ₹42,470.13 crore to ₹11,60,525.16 crore. Reliance Industries remained the most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.
The broader market tone reflected lingering geopolitical tensions in West Asia, a softer rupee, and inflation concerns that cloud margins for large exporters and lenders. Oil’s stubbornly elevated levels kept sentiment fragile, prompting traders to stay cautious as they assess the path for the next quarter. With the week behind them, investors will be watching how oil prices, currency moves, and policy signals influence earnings margins and rebalancing strategies across the blue-chip packs.
