Benchmark Indices End the Week Sharply Lower
The combined market capitalisation of seven of the ten most valued listed companies declined by Rs 3,63,412.18 crore over the past week, reflecting sustained weakness in domestic equities. The broader market mood remained cautious as selling pressure dominated most large cap counters.During the week, the BSE benchmark index fell by 2,185.77 points, marking a decline of 2.54 percent and underscoring the bearish undertone across sectors.
Reliance Industries Leads Valuation Losses
Among the major laggards, Reliance Industries recorded the sharpest erosion in market value. The company’s valuation dropped by Rs 1,58,532.91 crore to Rs 19,96,445.69 crore, retaining its position as the most valued listed firm despite the decline.HDFC Bank saw its market capitalisation fall by Rs 96,153.61 crore to Rs 14,44,150.26 crore.
IT, Telecom, and Capital Goods Stocks Under Pressure
The market valuation of Bharti Airtel declined by Rs 45,274.72 crore to Rs 11,55,987.81 crore.Bajaj Finance witnessed a drop of Rs 18,729.68 crore, taking its valuation to Rs 5,97,700.75 crore.
Larsen & Toubro saw its market capitalisation fall by Rs 18,728.53 crore to Rs 5,53,912.03 crore.
In the IT space, Tata Consultancy Services recorded a decline of Rs 15,232.14 crore, bringing its valuation to Rs 11,60,682.48 crore, while Infosys saw its market value slip by Rs 10,760.59 crore to Rs 6,70,875 crore.
Select Banking and FMCG Stocks Post Gains
Despite the overall weakness, a few heavyweight stocks managed to close the week with higher valuations.ICICI Bank emerged as the biggest gainer among the top firms, with its market capitalisation rising by Rs 34,901.81 crore to Rs 10,03,674.95 crore.
The valuation of Hindustan Unilever increased by Rs 6,097.19 crore to Rs 5,57,734.23 crore, while State Bank of India added Rs 599.99 crore to reach a market value of Rs 9,23,061.76 crore.
Updated Ranking of the Most Valued Companies
At the end of the week, Reliance Industries remained the most valued company, followed by HDFC Bank, Tata Consultancy Services, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and Larsen & Toubro.The overall trend highlighted sustained caution in equity markets, with valuation losses outweighing gains among the country’s largest listed companies.
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