The Indian stock market wrapped up the week with significant losses, led by IT bellwether TCS which saw its market cap shrink by Rs 90,198.92 crore to Rs 9,74,043.43 crore. This positioned the company as the top loser in the marquee list of India’s 10 most valued firms.
A risk-off mood prevailed, pushing the BSE Sensex down 953.64 points or 1.14 percent. The fallout was stark: six top companies hemorrhaged more than Rs 3 lakh crore collectively, driven largely by IT sector pressures and broader economic cues.
Joining TCS in the IT rout was Infosys, whose value fell Rs 70,780.23 crore to Rs 5,55,287.72 crore. HDFC Bank’s market cap contracted by Rs 54,627.71 crore to Rs 13,93,621.92 crore. Reliance Industries dipped Rs 41,883 crore yet clung to the numero uno position at Rs 19,21,475.79 crore.
LIC’s cap receded Rs 23,971.74 crore to Rs 5,46,226.80 crore, while Bharti Airtel shed Rs 19,244.61 crore, now at Rs 11,43,044.03 crore. Amid the carnage, SBI shone brightest, adding Rs 1,22,213.38 crore for a total of Rs 11,06,566.44 crore.
Bajaj Finance advanced Rs 26,414.44 crore to Rs 6,37,244.64 crore, L&T increased by Rs 14,483.9 crore to Rs 5,74,028.93 crore, and ICICI Bank grew Rs 5,719.95 crore to Rs 10,11,978.77 crore. Financial stocks offered a silver lining.
Reliance holds firm at the top, trailed by HDFC Bank, Airtel, SBI, ICICI Bank, TCS, Bajaj Finance, L&T, Infosys, and LIC in the top 10. Market watchers anticipate recovery signals from policy decisions and corporate results.