What Caused Seven of the Top 10 Valued Firms to Lose Rs 88,600 Crore?
Click to start listening
Synopsis
In a dramatic turn of events, seven of India’s top ten valued firms saw a staggering loss of Rs 88,635 crore last week. This article explores the reasons behind this downturn and highlights the companies that emerged as winners amidst the market volatility.
Key Takeaways
- Seven of the top ten valued firms lost a total of Rs 88,635 crore.
- Bharti Airtel and TCS were the biggest losers.
- Market weaknesses were primarily in telecom and IT sectors.
- LIC, SBI, and Bajaj Finance experienced gains amidst losses.
- Reliance Industries remains the most valued company in India.
Mumbai, Nov 9 (NationPress) The wealth of India’s leading corporations took a significant hit last week as seven of the ten most-valued companies experienced a combined loss of Rs 88,635 crore in market capitalisation, primarily due to declines in the telecom and IT sectors.
This downturn occurred during a holiday-shortened trading week, with the Sensex dropping by 722 points (0.86 percent) and the Nifty 50 decreasing by 230 points (0.89 percent), continuing the trend of subdued equity performance.
Bharti Airtel and Tata Consultancy Services (TCS) emerged as the most affected entities. Airtel's market value plummeted by Rs 30,506 crore, bringing its valuation to Rs 11.41 lakh crore, while TCS lost Rs 23,680 crore, reducing its market capitalisation to Rs 10.82 lakh crore.
Together, these two firms accounted for over half of the overall wealth loss among the top ten companies.
Other significant declines were observed in Hindustan Unilever, whose valuation dropped by Rs 12,253 crore to Rs 5.67 lakh crore, and Reliance Industries, which saw a Rs 11,164 crore decline, settling at Rs 20 lakh crore.
HDFC Bank experienced a decrease of Rs 7,304 crore, reducing its market capitalisation to Rs 15.11 lakh crore, while Infosys and ICICI Bank lost Rs 2,139 crore and Rs 1,588 crore, respectively.
Conversely, a few firms managed to defy the prevailing market trends. Life Insurance Corporation of India (LIC) saw an increase of Rs 18,469 crore in valuation, reaching Rs 5.84 lakh crore, and State Bank of India (SBI) gained Rs 17,492 crore, bringing its valuation to Rs 8.82 lakh crore.
Bajaj Finance also advanced by Rs 14,965 crore, elevating its valuation to Rs 6.63 lakh crore.
Despite the overall weekly decline, Reliance Industries maintained its status as the most valued company in the country, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, SBI, Bajaj Finance, Infosys, LIC, and Hindustan Unilever.
Market analysts noted that the drop in large-cap stocks reflects a cautious sentiment among investors amid global volatility and ongoing foreign fund outflows. Conversely, financial stocks exhibited relative strength, mitigating broader losses in the equity market.
Point of View
The recent decline in the valuations of major firms underscores the volatility in the market, driven by external factors and investor sentiment. While it is concerning to witness such losses, the resilience shown by some companies indicates potential recovery paths. It's crucial for investors to stay informed and navigate these tumultuous times thoughtfully.
NationPress
09/11/2025
Frequently Asked Questions
Which companies were the biggest losers last week?
The biggest losers included Bharti Airtel and Tata Consultancy Services (TCS), which lost Rs 30,506 crore and Rs 23,680 crore, respectively.
How much did the top firms lose in total?
Seven of the top ten valued firms collectively lost Rs 88,635 crore in market capitalisation last week.
What contributed to the decline in market valuations?
The decline was primarily driven by weaknesses in the telecom and IT sectors, along with global volatility and foreign fund outflows.
Which firms managed to gain despite the downturn?
Life Insurance Corporation of India (LIC), State Bank of India (SBI), and Bajaj Finance were among the firms that gained in valuation during this period.
What is the current status of Reliance Industries?
Despite the overall market decline, Reliance Industries retained its position as the most valued company in India.
