Top-10 Most Valued Companies Lose ₹2.18 Lakh Crore in a Week as Market Sentiment Turns Bearish
New Delhi, March 1: The combined market valuation of nine out of India’s top-10 most valued companies eroded by ₹2,18,902.09 crore last week, reflecting sustained pressure in the equity markets. Bharti Airtel recorded the steepest decline in market capitalisation during the period.BSE Benchmark Slides 1.84% Amid Weak Sentiment
The broader market trend remained negative, with the BSE benchmark index falling 1,527.52 points, or 1.84%, over the week.Ajit Mishra, SVP, Research at Religare Broking Ltd, said equity markets closed the week under pressure due to persistent geopolitical tensions and continued weakness in technology stocks.
Bharti Airtel Suffers the Sharpest Erosion
Among the top-10 firms, Bharti Airtel witnessed the highest drop in valuation. Its market capitalisation declined by ₹55,852.12 crore to ₹10,71,853.25 crore.HDFC Bank saw its valuation shrink by ₹37,580.1 crore to ₹13,65,659.38 crore.
The market capitalisation of Reliance Industries fell by ₹34,846.12 crore to ₹18,86,832.66 crore, while Bajaj Finance lost ₹20,316.41 crore, taking its valuation down to ₹6,20,070.59 crore.
IT and Financial Stocks Also Under Pressure
The mcap of Tata Consultancy Services declined by ₹18,180.89 crore to ₹9,53,872.59 crore.Life Insurance Corporation of India witnessed a drop of ₹14,990.24 crore in valuation, ending the week at ₹5,37,213.68 crore.
Engineering major Larsen & Toubro saw its market value decrease by ₹13,714.85 crore to ₹5,88,837.39 crore.
The market capitalisation of State Bank of India declined by ₹13,061.33 crore to ₹11,09,520.23 crore, while ICICI Bank registered a drop of ₹10,360.03 crore to ₹9,86,986.64 crore.
Hindustan Unilever Emerges as Sole Gainer
In contrast to the broader weakness, Hindustan Unilever was the only company among the top-10 to post gains. Its market valuation rose by ₹5,462.81 crore, taking its total mcap to ₹5,49,393.18 crore.Reliance Industries Retains Top Spot
Despite the weekly decline, Reliance Industries continued to hold the position of India’s most valued company. It was followed by HDFC Bank, State Bank of India, Bharti Airtel, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Hindustan Unilever, and Life Insurance Corporation of India in the ranking of the country’s top-10 most valued firms.The latest market correction highlights the pressure on large-cap stocks amid prevailing global and domestic uncertainties, even as select defensive counters demonstrated resilience.
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