Market sell-off: 7 of top-10 firms lose Rs 3.63 lakh crore in a week; Reliance, HDFC Bank biggest drags
The benchmark BSE Sensex declined 2,185.77 points, or 2.54 per cent, during the week, reflecting weak investor sentiment.“Indian equity markets ended last week on a negative note, reflecting heightened risk aversion triggered by renewed US tariff threats and rising geopolitical tensions,” said Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm.Among the top-10 firms, Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, Infosys, Bajaj Finance and Larsen & Toubro saw erosion in their market valuations, while ICICI Bank, State Bank of India and Hindustan Unilever ended the week as gainers.Reliance Industries saw its market capitalisation tumble by Rs 1,58,532.91 crore to Rs 19,96,445.69 crore, making it the biggest loser in absolute terms.HDFC Bank’s valuation declined by Rs 96,153.61 crore to Rs 14,44,150.26 crore.
Bharti Airtel’s market capitalisation fell by Rs 45,274.72 crore to Rs 11,55,987.81 crore, while Bajaj Finance lost Rs 18,729.68 crore to close at Rs 5,97,700.75 crore.Larsen & Toubro’s mcap dropped by Rs 18,728.53 crore to Rs 5,53,912.03 crore, and TCS saw a decline of Rs 15,232.14 crore, taking its valuation to Rs 11,60,682.48 crore.
Infosys’ market capitalisation edged lower by Rs 10,760.59 crore to Rs 6,70,875 crore.On the positive side, ICICI Bank’s valuation jumped by Rs 34,901.81 crore to Rs 10,03,674.95 crore.
Hindustan Unilever added Rs 6,097.19 crore to reach Rs 5,57,734.23 crore, while State Bank of India’s mcap rose by Rs 599.99 crore to Rs 9,23,061.76 crore.Despite the weekly losses, Reliance Industries remained India’s most valued company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and Larsen & Toubro.
