The combined market value of seven of the top ten most valuable companies fell by Rs 3,63,412.18 crore last week. Reliance Industries lost the most value during a weak market for stocks.
Last week, the BSE benchmark index fell 2,185.77 points, or 2.54 percent.
“Indian stock markets ended the week on a down note, as investors became more cautious due to new US tariffs and global political issues,” said Ponmudi R, CEO of Enrich Money, an online trading and wealth management company.
Reliance industries, HDFC Bank, Tata Consultancy services (TCS), Bharti Airtel, Infosys, Bajaj Finance, and Larsen & Toubro all saw their value decrease. However, ICICI Bank, State Bank of India, and Hindustan Unilever gained value.
Reliance Industries’ market value dropped by Rs 1,58,532.91 crore to Rs 19,96,445.69 crore.
HDFC Bank’s value fell by Rs 96,153.61 crore to Rs 14,44,150.26 crore.
Bharti Airtel’s market value decreased by Rs 45,274.72 crore to Rs 11,55,987.81 crore, and Bajaj finance’s value went down by Rs 18,729.68 crore to Rs 5,97,700.75 crore. Larsen & Toubro’s market capitalization fell by Rs 18,728.53 crore to Rs 5,53,912.03 crore, and TCS’s value fell by Rs 15,232.14 crore to Rs 11,60,682.48 crore.
infosys’ market value decreased by Rs 10,760.59 crore to Rs 6,70,875 crore.
However, ICICI Bank’s value increased by Rs 34,901.81 crore to Rs 10,03,674.95 crore.
Hindustan Unilever’s market value rose by Rs 6,097.19 crore to Rs 5,57,734.23 crore, and State Bank of India’s value increased by Rs 599.99 crore to Rs 9,23,061.76 crore.
Reliance Industries remains the most valuable company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and Larsen & Toubro.