
New Delhi, 26 April (H.S.): Domestic equities saw a sharp bout of profit‑booking and selling last week, dragging down the market capitalisation of India’s most valuable companies. After the five‑day trading session from Monday to Friday, market caps of seven of the top 10 most‑valued firms together shed over ₹2.05 lakh crore, while the remaining three recorded gains of more than ₹48,000 crore.
The biggest blow came to Tata Consultancy Services (TCS), whose market cap declined by ₹66,699.44 crore to ₹8,67,364.12 crore. Reliance Industries slipped by ₹50,670.34 crore to ₹17,96,647.50 crore, making it the second‑largest fall among the top 10.
Other major decliners included:
HDFC Bank, down ₹23,090.05 crore to ₹12,08,225.48 crore;
Life Insurance Corporation of India (LIC), down ₹19,670.75 crore to ₹5,13,020.56 crore;
Bharti Airtel, down ₹19,406.59 crore to ₹11,05,718.62 crore;
ICICI Bank, down ₹14,663.27 crore to ₹9,50,345.40 crore;
Larsen & Toubro, down ₹11,142.62 crore to ₹5,52,171.88 crore.
These seven companies collectively accounted for a ₹2,05,343.06‑crore erosion in valuation during the week.
Gainers: Unilever, SBI and Bajaj
The three gainers in the top‑10 list were Hindustan Unilever, State Bank of India (SBI) and Bajaj Finance, whose combined market caps jumped by ₹48,429.31 crore.
Hindustan Unilever added ₹20,352.91 crore to reach ₹5,47,219.80 crore.
SBI rose by ₹19,522.76 crore to ₹10,16,752.53 crore.
Bajaj Finance gained ₹8,253.64 crore to ₹5,73,690.81 crore.
Revised top‑10 ranking by market cap
Despite the weekly fall, Reliance Industries remains India’s most valuable listed company with a market cap of ₹17,96,647.50 crore, followed by:
HDFC Bank – ₹12,08,225.48 crore
Bharti Airtel – ₹11,05,718.62 crore
SBI – ₹10,16,752.53 crore
ICICI Bank – ₹9,50,345.40 crore
TCS – ₹8,67,364.12 crore
Bajaj Finance – ₹5,73,690.81 crore
Larsen & Toubro – ₹5,52,171.88 crore
Hindustan Unilever – ₹5,47,219.80 crore
LIC – ₹5,13,020.56 crore
The week‑long correction reflects a rotation in investor sentiment, with banking and telecom stocks suffering sharper valuation cuts while select consumer and financial‑services names gained ground.
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Hindusthan Samachar / Jun Sarkar