Top-10 most valuable companies make up Rs. 4.95 lakh crore decreased; TCS, Reliance hit the hardest

Tata Consultancy Services and Reliance Industries faced the biggest erosion, with the combined market valuation of all the top-10 most valuable companies last week falling by Rs. 4,95,061 crore was reduced. The BSE benchmark fell by 4,091.53 points or 4.98 percent last week.

“The Indian equity market recorded its steepest weekly decline since June 2022, with the Nifty down 4.77 percent. The week started with the US Federal Reserve’s announcement, which significantly changed market sentiment.

“Under the leadership of Chair Jerome Powell, the Federal Reserve cut rates to only two rates in 2025 instead of the four it had previously expected. This change in policy dampened market confidence,” said Pravesh Gaur, senior technical analyst at Swastik InvestSmart Ltd.

Tata Consultancy Services (TCS) has a market capitalization (mcap) of Rs. 1,10,550.66 crore reduced to Rs. 15,08,036.97 crores.

Reliance Industries is valued at Rs. 91,140.53 crore reduced to Rs. 16,32,004.17 crores.

The market valuation of HDFC Bank is Rs. 76,448.71 crore reduced to Rs. 13,54,709.35 crore and Bharti Airtel’s market valuation is Rs. 59,055.42 crore reduced to Rs. 8,98,786.98 crores.

MCap of State Bank of India Rs. 43,909.13 crore reduced to Rs. 7,25,125.38 crore and ICICI Bank’s mcap is Rs. 41,857.33 crore down to Rs. 9,07,449.04 crores.

Infosys is valued at Rs. 32,300.2 crore reduced to Rs. 7,98,086.90 crore and Life Insurance Corporation of India (LIC) was valued at Rs. 20,050.25 crore reduced to Rs. 5,69,819.04 crores.

Hindustan Unilever’s mcap is Rs. 12,805.27 crore reduced to Rs. 5,48,617.81 crore and ITC Rs. 6,943.5 crore down to Rs. 5,81,252.32 crores.

In the top-10 companies ranking, Reliance Industries retained the title of the most valuable firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, ITC, LIC and Hindustan Unilever.