₹87,960 Crore Wiped Out From 4 Top-Valued Indian Firms

₹87,960 Crore Wiped Out From 4 Top-Valued Indian Firms: Airtel Takes the Biggest Hit

Summary: Airtel, TCS, SBI and HUL Lose Market Value as Equities Turn Cautious

The combined market capitalisation of four of India’s 10 most valuable companies declined by ₹87,960.29 crore last week, reflecting the cautious mood in the Indian equity market. Bharti Airtel suffered the sharpest erosion, followed by Tata Consultancy Services (TCS), State Bank of India (SBI) and Hindustan Unilever (HUL).

The Sensex fell 468.42 points, or 0.60%, while the Nifty declined 114 points, or 0.46%, during the week. Elevated crude oil prices, rising global bond yields and geopolitical uncertainty weighed on investor sentiment.

Description

• Bharti Airtel: Market value declined by ₹28,052.96 crore to ₹12,14,963.15 crore, making it the biggest loser among the top 10 companies.

• TCS: Its market capitalisation fell by ₹22,070.34 crore to ₹8,31,436.51 crore.

• SBI: The lender's valuation declined by ₹20,861.20 crore to ₹9,64,968.76 crore.

• Hindustan Unilever: Its market value dropped ₹16,975.79 crore to ₹4,73,912.56 crore.

• Reliance Industries: Bucking the broader trend, Reliance added ₹8,119.53 crore, taking its market cap to ₹17,78,175.59 crore.

• LIC, L&T, Bajaj Finance, ICICI Bank and HDFC Bank also recorded gains in market value during the week.

Key Highlights

1. ₹87,960.29 crore was wiped out from four of India's top-10 most valued companies.

2. Bharti Airtel was the worst hit, losing ₹28,052.96 crore in market value.

3. TCS lost ₹22,070.34 crore, while SBI shed ₹20,861.20 crore.

4. HUL's market cap declined by ₹16,975.79 crore.

5. Sensex fell 0.60% and Nifty declined 0.46% last week.

6. Crude oil prices, global bond yields and geopolitical risks remain key factors influencing investor sentiment.

7. Reliance Industries remained India's most valuable company, followed by Airtel and HDFC Bank.

Market takeaway: The decline in the market value of four heavyweight companies highlights the cautious tone prevailing across Indian equities. However, gains in Reliance Industries and several other large-cap stocks show that selling pressure remains selective rather than broad-based.