Daijiworld Media Network – Mumbai

Mumbai, Jul 20: In a week marked by market turbulence, six of India’s top ten most valued companies collectively lost a staggering Rs 94,433.12 crore in market capitalisation, with Tata Consultancy Services (TCS) and Reliance Industries emerging as the worst-hit.

The rout aligned with a broader bearish trend across the stock markets. The BSE benchmark Sensex shed 742.74 points, or 0.90 per cent, dragging major blue-chip counters into the red.

Among the casualties, TCS saw the steepest decline, with its market capitalisation plunging by Rs 27,334.65 crore, settling at Rs 11,54,115.65 crore. Close behind, Reliance Industries witnessed a dent of Rs 24,358.45 crore, bringing its valuation down to Rs 19,98,543.22 crore.

HDFC Bank, another major player, lost Rs 20,051.59 crore in market worth, dropping to Rs 15,00,917.42 crore. Meanwhile, Bharti Airtel’s valuation slipped by Rs 11,888.89 crore to Rs 10,83,998.73 crore, and Hindustan Unilever saw an erosion of Rs 7,330.72 crore, with its market cap standing at Rs 5,84,789.77 crore.

Infosys, though less affected, still saw a fall of Rs 3,468.82 crore, bringing its market value to Rs 6,59,096.12 crore.

In contrast, four firms managed to buck the downtrend. State Bank of India (SBI) led the gainers with a jump of Rs 13,208.44 crore, raising its valuation to Rs 7,34,763.97 crore. Bajaj Finance added Rs 5,282.15 crore to reach Rs 5,85,292.83 crore, while ICICI Bank grew by Rs 3,095 crore, now valued at Rs 10,18,008.73 crore. Life Insurance Corporation of India (LIC) also remained among the gainers, although specific figures were not disclosed.

As market volatility persists, investor sentiment remains cautious, with analysts closely watching global cues, domestic inflation trends, and corporate earnings in the upcoming weeks.