Four of India’s 10 most valued companies together lost more than Rs. 1 lakh crore in market valuation last week, with State Bank of India emerging as the biggest laggard amid volatile market conditions.
The sharp decline came even as benchmark equity indices ended the week in the green, reflecting stock-specific pressure across select heavyweight counters.
State Bank of India saw the biggest erosion in valuation among the top firms. The country’s largest lender lost Rs. 44,722.34 crore in market capitalization, taking its overall valuation down to Rs. 9,41,107.62 crore.
Bharti Airtel followed with a decline of Rs. 31,167.10 crore in market value. Tata Consultancy Services also witnessed heavy selling pressure, with its valuation shrinking by Rs. 28,456.26 crore during the week.
Engineering major Larsen & Toubro recorded a comparatively smaller decline of Rs. 5,371.84 crore. The combined market capitalization loss of these four companies crossed the Rs. 1 lakh crore mark, reflecting investor caution amid global uncertainty and sector-specific concerns.
Despite the drop in valuations of major firms, Indian stock indices ended their weekly trading session on a positive note. For the week, the BSE Sensex rose by 414.69 points, or 0.53%, whereas the NSE Nifty index rose by 178.6 points, or 0.74%.
According to market analysts, investors' sentiment remained uncertain amid developments in geopolitics and changes in crude oil prices.
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While some heavyweight stocks faced losses, several others posted gains in market valuation. Reliance Industries, HDFC Bank, ICICI Bank, Bajaj Finance, Hindustan Unilever, and Life Insurance Corporation of India together added Rs. 46,685.21 crore to their market capitalizations during the week.
Reliance Industries retained its position as India’s most valued company, followed by HDFC Bank, Bharti Airtel, SBI, and ICICI Bank in the ranking of the country’s top firms by market valuation.