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The erosion in market capitalization of four of the top ten most valued companies in India has been Rs. 87,960.29 crore during the week, out of which Bharti Airtel witnessed the biggest loss. This decrease occurred as the benchmark indices closed in the red, influenced by high crude oil prices and elevated global bond yields.
During the week, the Sensex has decreased by 468.42 points, or 0.60%, while the Nifty has declined by 114 points, or 0.46%. This was due to cautious investor sentiment stemming from certain international and local factors.
Bharti Airtel reported the biggest decline among the four companies, with its market valuation falling by Rs. 28,052.96 crore to Rs. 12,14,963.15 crore.
Tata Consultancy Services followed, losing Rs. 22,070.34 crore in market capitalization. Its valuation stood at Rs. 8,31,436.51 crore at the end of the week.
State Bank of India also witnessed a decline of Rs. 20,861.20 crore, taking its market capitalization to Rs. 9,64,968.76 crore. Hindustan Unilever lost Rs. 16,975.79 crore, with its valuation ending at Rs. 4,73,912.56 crore.
Ajit Mishra, SVP, Research, Religare Broking Ltd, said Indian equity markets ended the week on a cautious note and extended their recent corrective phase.
He attributed the pressure to elevated crude oil prices, rising global bond yields and persistent geopolitical uncertainty, which continued to weigh on investor sentiment. The decline among several major companies came as benchmark indices remained under pressure through the week.
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Several companies in the top 10 list, however, recorded gains. Life Insurance Corporation of India added Rs. 12,650 crore to its market valuation, taking it to Rs. 5,35,980.31 crore. Reliance Industries gained Rs. 8,119.53 crore, with its market capitalization rising to Rs. 17,78,175.59 crore.
Larsen & Toubro added Rs. 3,487.83 crore to reach Rs. 5,62,460.94 crore, while Bajaj Finance gained Rs. 3,424.28 crore, taking its valuation to Rs. 6,80,621.62 crore.
ICICI Bank’s market capitalization increased by Rs. 752.47 crore to Rs. 10,18,330.45 crore. HDFC Bank also posted a marginal gain of Rs. 356.95 crore, taking its valuation to Rs. 11,21,159.05 crore.
Reliance Industries topped the valuation rankings of India’s companies. In the second place was Bharti Airtel, followed by HDFC Bank, ICICI Bank, SBI, TCS, Bajaj Finance, L&T, LIC, and Hindustan Unilever.
The summary of the week’s performance of the top ten stocks indicated that while some key stocks showed gains, others, such as Airtel, TCS, SBI, and Hindustan Unilever, recorded declines.
