Market Cap of 6 Top Sensex Companies Falls by ₹78,166 Cr: The Indian stock market faced bearish pressure this past week, with major indices reflecting cautious investor sentiment:
- BSE Sensex declined by 609.51 points, or 0.74%.
- NSE Nifty fell by 166.65 points, a drop of 0.66%.
These declines underline the impact of global uncertainties, mixed domestic signals, and consolidation near recent highs. Experts believe that investors are now taking a more selective approach, eyeing quality stocks with strong fundamentals rather than speculative bets.
Top Companies That Lost Market Cap
Market Cap of 6 Top Sensex Companies Falls by ₹78,166 Cr. Six of the top 10 Sensex heavyweights lost significant market capitalization, totalling ₹78,166.08 crore in value erosion:
1. Reliance Industries (RIL)
- Lost ₹40,800.4 crore in market value.
- New market cap: ₹19,30,339.56 crore.
- Biggest loser among the pack.
The fall in RIL was largely due to sectoral pressures and muted performance in the oil-to-chemical segment, which is one of the company’s core drivers.
2. Tata Consultancy Services (TCS)
- Market cap down by ₹17,710.54 crore.
- New valuation: ₹12,71,395.95 crore.
IT stocks faced some selling pressure amid uncertainty in global client spending and mixed cues from the US tech sector.
3. Infosys
- Market cap declined by ₹10,488.58 crore.
- Final market value: ₹6,49,876.91 crore.
Like TCS, Infosys also bore the brunt of cautious sentiment around outsourcing and tech budgets.
4. Hindustan Unilever (HUL)
- Lost ₹5,462.8 crore.
- Total market cap now: ₹5,53,974.88 crore.
HUL’s decline is being attributed to weakness in rural demand and pressure on margins due to high raw material costs.
5. ICICI Bank
- ₹2,454.31 crore wiped out.
- Market cap: ₹10,33,868.01 crore.
ICICI Bank remained strong fundamentally but witnessed profit booking after its recent rally.
6. State Bank of India (SBI)
- Lost ₹1,249.45 crore in value.
- Final market cap: ₹7,05,446.59 crore.
SBI’s marginal dip reflects the overall cautious tone in banking stocks ahead of macroeconomic data releases.
Companies That Gained Market Cap
Despite broader weakness, four companies in the Sensex top 10 managed to increase their market valuations:
1. Bharti Airtel
- Gained ₹10,121.24 crore.
- Total market cap: ₹10,44,682.72 crore.
Telecom remained a preferred sector due to consistent subscriber additions and tariff hikes.
2. Bajaj Finance
- Rose by ₹4,548.87 crore.
- New value: ₹5,74,207.54 crore.
Bajaj Finance gained on the back of strong quarterly numbers and growth in its loan book.
3. ITC
- Increased by ₹875.99 crore.
- Total valuation: ₹5,45,991.05 crore.
ITC continues to benefit from stability in its FMCG and cigarettes segments.
4. HDFC Bank
- Minor gain of ₹399.93 crore.
- New market cap: ₹14,80,723.47 crore.
Focus Keyword: Sensex Market Cap Drop
Meta Description: Six of the top 10 Sensex companies saw a market cap erosion of ₹78,166 crore last week. Reliance Industries led the decline. Read full report and data-backed breakdown.
HDFC Bank held steady due to stable earnings outlook and positive institutional buying.
Updated Ranking by Market Capitalization
Here’s how the top 10 companies now rank by overall valuation:
Volatility is here to stay, and investors should stick with fundamentally strong companies. Sectoral rotation, macro signals, and foreign institutional flows will continue to dictate the near-term trend. As always, stay updated, follow data, and don’t be rigid with biases. The market rewards preparation, not prediction.
- Reliance Industries
- HDFC Bank
- Tata Consultancy Services
- Bharti Airtel
- ICICI Bank
- State Bank of India
- Infosys
- Bajaj Finance
- Hindustan Unilever
- ITC
Final Takeaway
The market is showing signs of caution as we approach key global events and economic data. Reliance’s big drop shows how even large caps aren’t immune to corrections. Meanwhile, selective buying in telecom, banking, and FMCG stocks shows a clear divergence.
Credit: This blog post is based on the original Hindi report published by Business Standard.
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