New Delhi, March 22 — The combined market valuation of five of India’s top 10 most-valued companies declined by over ₹1 lakh crore last week, with HDFC Bank registering the sharpest drop.
During the week, benchmark indices showed marginal weakness. The BSE Sensex slipped 30.96 points (0.04%), while the NSE Nifty fell 36.6 points (0.15%).
Commenting on market trends, Ajit Mishra of Religare Broking Ltd said the week ended on a largely flat note with a negative bias, reflecting investor caution. Gains seen in the early part of the week were wiped out by a sharp decline on Thursday, followed by a volatile final session.
Among the laggards were HDFC Bank, ICICI Bank, Tata Consultancy Services, Bajaj Finance, and Hindustan Unilever. Together, these five firms saw a total erosion of ₹1,02,771.87 crore in market value.
HDFC Bank alone lost ₹56,124.48 crore, bringing its valuation down to ₹12,01,267.28 crore. Hindustan Unilever declined by ₹18,009.62 crore to ₹4,89,631.32 crore, while Bajaj Finance dropped ₹15,338.42 crore to ₹5,16,715.12 crore.
Meanwhile, Tata Consultancy Services shed ₹7,127.63 crore, taking its valuation to ₹8,64,940 crore, and ICICI Bank lost ₹6,171.72 crore, ending at ₹8,91,673.06 crore.
On the other hand, several companies posted gains. Reliance Industries led the gainers, adding ₹45,942.75 crore to reach ₹19,14,235.92 crore in valuation. Bharti Airtel rose by ₹24,462.03 crore to ₹10,52,893.75 crore, while State Bank of India gained ₹10,707.52 crore to ₹9,76,968.57 crore.
Additionally, Life Insurance Corporation of India saw its valuation increase by ₹2,624.88 crore to ₹4,91,610.45 crore, and Infosys added ₹2,473.79 crore, taking its market cap to ₹5,08,789.37 crore.
At the end of the week, Reliance Industries remained the most-valued company in India, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Infosys, Life Insurance Corporation of India, and Hindustan Unilever.
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The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
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