Top 8 Indian Firms Lose ₹2.07 Lakh Cr in Market Rout

Indian stock markets took a sharp hit last week (down nearly 932 points with a 1.11% drop in both the Nifty and Sensex). The price drop came from declining investor sentiment, stemming from uncertainty over global trade and disappointing Q1 earnings. The market bust led to a cumulative loss of ₹2.07 lakh crore in the market capitalisation of eight out of the ten most valued firms.

TCS and Bharti were some of the biggest losers in this decline. TCS had a 3.5% drop in share price after its Q1 numbers left investors underwhelmed, leading to a valuation loss of ₹56,279.35 crore. Airtel’s mcap dropped by ₹54,483.62 crore, which put them among the top contenders to feel the brunt of the market collapse.

Reliance Industries suffered a valuation loss of ₹44,048.2 crore. Other firms posting significant declines in valuation included Infosys, ICICI Bank, LIC, HDFC Bank and SBI.

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On the plus side, Hindustan Unilever Ltd (HUL) and Bajaj Finance remained insulated from last week’s losses, with both companies increasing overall valuations. HUL shares rose by close to 5% – allowing for an added ₹42,363.13 crore in value – after the appointment of Priya Nair as the company’s first female CEO and MD. Bajaj Finance added ₹5,033.57 crore to its mcap.

It’s worth noting that this drop not with standing, Reliance remains the most significant firm in India by market value, followed closely by HDFC Bank, TCS, and Airtel.