India's Top Firms Lose ₹1 Lakh Cr Market Value; SBI Leads Decline

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AuthorAarav Shah|Published at:
India's Top Firms Lose ₹1 Lakh Cr Market Value; SBI Leads Decline
Overview

India's top companies saw their market value drop significantly last week. Four of the top 10 firms lost about ₹1 lakh crore combined. State Bank of India suffered the largest decline, losing ₹44,722 crore. This broad market correction happened even as the Sensex and Nifty indices edged up slightly, signaling investor caution.

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Indian equity markets had a volatile week, trading in a narrow range. The BSE Sensex added 414.69 points and the NSE Nifty gained 0.74 percent. Early optimism, driven by hopes for de-escalation in the Middle East and falling oil prices, faded as renewed US-Iran tensions emerged.

State Bank of India (SBI) saw the biggest drop, losing ₹44,722.34 crore from its valuation, which fell to ₹9,41,107.62 crore. Bharti Airtel followed, shedding ₹31,167.1 crore to bring its market cap down to ₹11,18,055.03 crore. Tata Consultancy Services (TCS) and Larsen & Toubro (L&T) also lost significant value, dropping by ₹28,456.26 crore and ₹5,371.84 crore respectively.

Top Performers Boost Market

However, several major companies increased their market value. HDFC Bank added ₹15,425.09 crore, reaching ₹12,02,699.26 crore. Bajaj Finance saw a surge of ₹11,486.89 crore, pushing its market cap to ₹5,94,610.02 crore. Reliance Industries remained the most valued firm, gaining ₹6,563.28 crore to ₹19,42,866.58 crore. Hindustan Unilever and Life Insurance Corporation of India (LIC) also saw gains.

Market Sentiment Remains Cautious

This mixed performance indicates investor uncertainty. Gains in some large-cap stocks offered support, but the value lost by other major companies suggests a cautious market stance. Geopolitical risks continue to affect trading.

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Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.