The combined market capitalisation of seven of India’s top 10 most valued companies declined by ₹35,439 cr in the holiday-shortened trading week, with State Bank of India (SBI) emerging as the biggest laggard amid subdued equity sentiment.
According to market data, SBI’s market value fell by ₹ 12,692.1 cr, bringing its total valuation to approximately. ₹ 8,92,046.88 cr, making it the most affected company. Reliance Industries, India’s most valued firm, also saw a notable drop of ₹8,254,81 cr, trimming its market cap to around ₹21,09,712.48 cr.
Other large caps that witnessed valuation declines included Bajaj Finance, which lost ₹5,102.43 crore; Larsen & Toubro (L&T), down ₹4,002.94 crore; ICICI Bank, which declined by about ₹2,571.39 crore; Life Insurance Corporation of India (LIC), slipping ₹1,802.62 crore; and Tata Consultancy Services (TCS), which saw its market cap dip by ₹1,013.07 crore during the week.
In comparison, some companies saw strong gains: HDFC Bank recorded a profit of ₹10,126.81 crore; Infosys, ₹6,626.62 crore; and Bharti Airtel saw its valuation rise by ₹5,359.98 crore.
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Despite these mixed moves, the broader equity market showed relative resilience, with benchmark indices such as the BSE Sensex ending the week marginally higher. The divergence between heavyweight valuation drops and index performance underscores investor caution and selective sector rotation in the current market environment.
