In the past week, seven of India’s biggest listed companies saw their combined market value fall by about ₹3.63 trillion.
Overall market move
The Nifty 50 closed 0.75% lower at 25,683.30 points, while the BSE Sensex slipped 0.72% to finish at 83,576.24 points.
Biggest losers in market‑cap
The following giants lost the most value:
- Reliance Industries – down ₹1.58 trillion, market cap now around ₹19.96 trillion.
- HDFC Bank – down ₹96,154 crore, market cap now about ₹14.44 trillion.
- Bharti Airtel – down ₹45,275 crore, market cap now ₹11.55 trillion.
- Tata Consultancy Services (TCS) – down ₹15,232 crore, market cap now ₹11.60 trillion.
- Infosys – down ₹10,761 crore, market cap now ₹6.70 trillion.
- Bajaj Finance – down ₹18,730 crore, market cap now ₹5.97 trillion.
- Larsen & Toubro (L&T) – down ₹18,729 crore, market cap now ₹5.53 trillion.
Companies that added market‑cap
Some big names actually grew in value:
- ICICI Bank – gained ₹34,902 crore, market cap now ₹10.03 trillion.
- Hindustan Unilever (HUL) – gained ₹6,097 crore, market cap now ₹5.57 trillion.
- State Bank of India (SBI) – gained ₹600 crore, market cap now ₹9.23 trillion.
What’s driving the market?
Analysts say the next few weeks will be shaped by three main events:
- The upcoming Q3 earnings season, where companies will report their latest results.
- Expectations around the Union Budget 2026, which could affect taxes and spending.
- A U.S. Supreme Court ruling on tariff issues, scheduled for Friday, that may shift global market sentiment.
Bottom line
Even after the losses, Reliance Industries remains the most valuable Indian listed firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, SBI, Infosys, Bajaj Finance, Hindustan Unilever and L&T.
Investors should keep an eye on earnings reports, budget announcements, and the US tariff decision, as they could quickly change market direction.
Remember, this is perspective, not prediction. Do your own research and consider consulting a qualified financial advisor before making any investment decisions.