Mumbai, April 26 – The combined market capitalisation of seven of India’s top-10 most valued companies declined by more than ₹2 lakh crore over the past week, reflecting a broader weakness in the equity markets.
The losses were led by Tata Consultancy Services and Reliance Industries, which recorded the steepest drops in valuation during the period.
The decline coincided with a negative trend on Dalal Street, where benchmark indices witnessed a significant fall. The BSE Sensex dropped 1,829.33 points, or 2.33 per cent, while the NSE Nifty fell 455.6 points, or 1.87 per cent over the week.
Market sentiment weakened after two consecutive weeks of gains, with investors turning cautious amid global uncertainties. Analysts attributed the downturn to rising geopolitical tensions and subdued earnings commentary from major IT firms.
According to market observers, developments in West Asia have contributed to volatility, particularly due to concerns over elevated crude oil prices and potential disruptions in supply. These factors have influenced investor sentiment across sectors.
Among the companies, Tata Consultancy Services recorded the largest decline in market valuation. Its market capitalisation dropped by ₹66,699.44 crore, bringing its total valuation down to ₹8,67,364.12 crore.
Reliance Industries followed with a decline of ₹50,670.34 crore, reducing its market capitalisation to ₹17,96,647.50 crore. Despite the drop, it retained its position as the most valued company in India.
HDFC Bank also witnessed a decline in valuation, losing ₹23,090.05 crore to settle at ₹12,08,225.48 crore. Similarly, Life Insurance Corporation of India saw its market capitalisation fall by ₹19,670.75 crore to ₹5,13,020.56 crore.
Telecom major Bharti Airtel experienced a reduction of ₹19,406.59 crore, taking its valuation to ₹11,05,718.62 crore. ICICI Bank also recorded a decline of ₹14,663.27 crore, with its market capitalisation standing at ₹9,50,345.40 crore.
Engineering firm Larsen & Toubro saw its valuation decrease by ₹11,142.62 crore to ₹5,52,171.88 crore.
However, not all companies ended the week on a negative note. Hindustan Unilever posted gains, adding ₹20,652.91 crore to reach a market capitalisation of ₹5,47,219.80 crore.
State Bank of India also registered an increase of ₹19,522.76 crore, pushing its valuation to ₹10,16,752.53 crore. Meanwhile, Bajaj Finance saw its market capitalisation rise by ₹8,253.64 crore to ₹5,73,690.81 crore.
Despite the weekly fluctuations, Reliance Industries continued to hold its position as the country’s most valued company. It was followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and Life Insurance Corporation of India.
The overall trend highlights the sensitivity of equity markets to global developments and sector-specific factors, particularly in the IT segment.
