7 of top 10 firms lose ₹1.54 lakh crore in market cap in a week
Synopsis
India's equity markets closed a shortened week deep in the red, with seven of the top 10 most-valued firms collectively losing ₹1.54 lakh crore. HDFC Bank, Airtel, and TCS led the losses — but Larsen & Toubro and SBI swam against the tide, hinting at a quiet rotation from private financials and IT toward infrastructure and public-sector names.
Key Takeaways
Seven of India's top 10 most-valued firms lost a combined ₹1.54 lakh crore in market cap during the week ended 31 May .
Sensex fell 639.61 points (0.84%) ; Nifty50 slipped 171.55 points (0.72%) over the same period.
HDFC Bank was the biggest loser, shedding ₹33,333.06 crore to a market cap of ₹11.46 lakh crore .
Larsen & Toubro led gainers, adding ₹20,608.43 crore to reach ₹5.61 lakh crore ; SBI and LIC also posted gains.
Analysts see key Nifty support at 23,200 ; a break below could trigger fresh selling, while a hold above 24,100 may spark recovery.
Seven of India's 10 most-valued companies together shed ₹1.54 lakh crore in combined market capitalisation during the holiday-shortened trading week ended 31 May, as broad-based selling pressure dragged both headline indices lower. The BSE Sensex fell 639.61 points, or 0.84%, while the Nifty50 slipped 171.55 points, or 0.72%, with investors staying cautious amid persistent market volatility.
Biggest Losers Among Top 10 Firms
HDFC Bank recorded the steepest erosion, with its market valuation shrinking by ₹33,333.06 crore to ₹11.46 lakh crore. Telecom major Bharti Airtel was next, losing ₹25,408.96 crore to close the week at a market cap of ₹11.14 lakh crore. Tata Consultancy Services (TCS) shed ₹22,920.58 crore, bringing its valuation down to ₹8.15 lakh crore.
Hindustan Unilever lost ₹13,169.46 crore, leaving its market worth at ₹5.04 lakh crore, while Bajaj Finance declined by ₹7,253.24 crore to ₹5.63 lakh crore. ICICI Bank saw its market capitalisation fall by ₹6,311.41 crore to ₹9 lakh crore.
Three Gainers Buck the Trend
Despite the broader weakness, three companies within the top-10 cohort managed to add value. Larsen & Toubro emerged as the standout gainer, adding ₹20,608.43 crore to reach a market cap of ₹5.61 lakh crore. State Bank of India (SBI) posted a strong performance as well, with its valuation rising by ₹13,753.62 crore to ₹8.90 lakh crore. Life Insurance Corporation of India (LIC) added ₹6,040.37 crore, taking its market capitalisation to ₹5.20 lakh crore.
Nifty Technical Levels to Watch
Market analysts flagged key technical levels for the Nifty50 heading into the next session. On the upside, immediate resistance is placed at 23,900 and 24,100; on the downside, support is seen at 23,400 and 23,200. 'A decisive breakdown below the 23,200 zone could invite fresh selling pressure, whereas sustained trade above 24,100 may improve sentiment and support a recovery move,' an analyst noted.
Market Ranking Among Top 10
In the current pecking order of India's most-valued listed companies, HDFC Bank and Bharti Airtel continue to lead, followed by ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC, and Hindustan Unilever. The week's divergence — with infrastructure and public-sector names gaining while private financials and IT retreated — points to a selective rotation rather than a uniform selloff. How the Nifty holds the 23,200 support band in the coming sessions will likely determine whether the broader downtrend deepens or stabilises.
Point of View
Suggesting institutional money is rotating toward domestic capex and public-sector balance sheets. If the Nifty breaks 23,200, the pain could spread beyond the top 10 to mid-caps, where valuations have run well ahead of earnings. The real question is whether this is a healthy correction or the start of a more sustained de-rating.
NationPress
13 Aug 2026
Frequently Asked Questions
Which companies lost the most market value in the week ended 31 May?
HDFC Bank led losses with a ₹33,333.06 crore decline, followed by Bharti Airtel (₹25,408.96 crore) and TCS (₹22,920.58 crore). Hindustan Unilever, Bajaj Finance, and ICICI Bank also saw significant erosion among the top 10 most-valued firms.
Which top-10 firms gained market value despite the broader market fall?
Larsen & Toubro was the biggest gainer, adding ₹20,608.43 crore to reach ₹5.61 lakh crore. State Bank of India added ₹13,753.62 crore and LIC gained ₹6,040.37 crore during the same week.
How much did the Sensex and Nifty fall during the week?
The Sensex declined 639.61 points, or 0.84%, while the Nifty50 fell 171.55 points, or 0.72%, over the holiday-shortened trading week ended 31 May.
What are the key Nifty support and resistance levels analysts are watching?
Analysts have placed immediate resistance at 23,900 and 24,100. On the downside, support is seen at 23,400 and 23,200. A break below 23,200 could trigger fresh selling pressure, while a sustained move above 24,100 may support a recovery.
Why did markets fall during this shortened trading week?
Investors remained cautious amid broader market volatility, according to analysts. The sell-off was concentrated in private-sector financials and IT stocks, while infrastructure and public-sector names bucked the trend, pointing to selective portfolio rotation rather than a uniform risk-off move.
