Monday morning opened with a rally in Indian equities. But it would not erase the nightmares investors faced the week before, marred with heavy dips and the Trump tariff scare.
It was indeed a tough week for the biggest players on the Indian stock market, as six of the country’s ten most valuable companies (by market cap) saw a staggering ₹1.36 lakh crore vanish from their combined worth. Indian equity investors truly felt the pinch, as the 5-day session marked the sixth straight week of a downturn for the market.
India’s most valued firm, Reliance Industries, took the most brutal beating, losing a massive ₹34,710.8 crore in its value.
Reliance wasn’t alone in its troubles. India’s biggest private lender HDFC Bank saw its market valuation shrink by nearly ₹29,722 crore.
ICICI Bank—now facing market ire—already shed over ₹24,719 crore, while IT services giant Infosys was down by ₹19,504 crore in value. Telecom giant Bharti Airtel lost ₹15,053 crore, and FMCG major Hindustan Unilever saw ₹12,441 crore shaved off.
In a massive turnaround of fortunes, Tata Consultancy Services (TCS) and the State Bank of India (SBI) both saw their valuations climb.
However, among the top ten most valued listed companies, the biggest gainer was the Life Insurance Corporation of India (LIC), adding a staggering ₹17,678 crore to its market cap. Bajaj Finance also ended the week with a modest gain of ₹186.43 crore in value.
Despite losses, Reliance Industries continued to be India’s most valuable listed company, followed by HDFC Bank and TCS.
