Amid a global wipe-out of trillions of dollars off stock markets following Donald Trump's quirky universal tariffs, nine out of the ten most valued Indian companies last week collectively lost ₹2.94 crore in market capitalisation. Tata Consultancy Services (TCS) suffering the steepest decline amid a broader downturn.
During the same week, the BSE Sensex dropped by 2,050.23 points (2.64%), and the NSE Nifty slid 614.8 points (2.61%). Bharti Airtel was the only company in the list to post a gain.
Among the top-10 firms, TCS, Reliance Industries, Infosys, Bajaj Finance, ICICI Bank, HDFC Bank, Hindustan Unilever Ltd (HUL), State Bank of India (SBI), and ITC all saw their market values decline.
TCS witnessed the largest erosion in valuation, falling by ₹1,10,351.67 crore to ₹11,93,769.89 crore. Reliance Industries’ m-cap declined by ₹95,132.58 crore to ₹16,30,244.96 crore, while Infosys shed ₹49,050.04 crore, dropping to ₹6,03,178.45 crore.
Bajaj Finance lost ₹14,127.07 crore, bringing its valuation to ₹5,40,588.05 crore. ICICI Bank’s market cap decreased by ₹9,503.66 crore to ₹9,43,264.95 crore. HDFC Bank saw a dip of ₹8,800.05 crore to ₹13,90,408.68 crore, while HUL’s valuation decreased by ₹3,500.89 crore to ₹5,27,354.01 crore. SBI and ITC also saw declines of ₹3,391.35 crore and ₹312.85 crore, respectively.
On the other hand, Bharti Airtel's market capitalisation rose by ₹7,013.59 crore to reach ₹9,94,019.51 crore.
Despite the losses, Reliance Industries remained the most valuable company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Bajaj Finance, HUL, and ITC.
(By arrangement with livemint.com)
