TCS suffers the most loss due to bearish trend, market value of top 10 companies reduced by Rs 4.95 lakh crore.
New Delhi: The market valuation (market cap) of the top 10 Sensex companies declined by Rs 4,95,061 crore last week. Tata Consultancy Services (TCS) and Reliance Industries suffered the most losses amid the bearish trend in the stock market. Last week, the 30-share BSE Sensex fell 4,091.53 points or 4.98 percent. This is the biggest weekly fall in the Indian stock market since June 2022. The week started with a policy announcement from the US central bank Federal Reserve, which led to a change in market sentiment.
The Federal Reserve has hinted at cutting interest rates just twice in 2025. This affected market sentiment. Last week, the market capitalization of Tata Consultancy Services (TCS) declined by Rs 1,10,550.66 crore to Rs 15,08,036.97 crore. Reliance Industries' valuation declined by Rs 91,140.53 crore to Rs 16,32,004.17 crore.
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Big loss to HDFC Bank
Apart from this, the market capitalization of HDFC Bank declined by Rs 76,448.71 crore to Rs 13,54,709.35 crore and that of Bharti Airtel fell to Rs 8,98,786.98 crore with a loss of Rs 59,055.42 crore. The market capitalization of State Bank of India (SBI) declined by Rs 43,909.13 crore to Rs 7,25,125.38 crore. The market cap of ICICI Bank declined by Rs 41,857.33 to Rs 9,07,449.04 crore. Infosys' valuation declined by Rs 32,300.2 crore to Rs 7,98,086.90 crore.
Reliance at first place in top-10
At the same time, the valuation of Life Insurance Corporation of India (LIC) declined by Rs 20,050.25 crore to Rs 5,69,819.04 crore. Hindustan Unilever's market cap declined by Rs 12,805.27 crore to Rs 5,48,617.81 crore. ITC's valuation declined by Rs 6,943.5 crore to Rs 5,81,252.32 crore. Reliance Industries remained at first position in the list of top 10 companies. This was followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, SBI, ITC, LIC and Hindustan Unilever respectively.
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