Top-10 Firms Lose ₹88,635 Cr in Market Cap Amid Volatility
In a turbulent week for Indian markets, seven of the top-10 most valued companies saw their combined market capitalization (mcap) drop by ₹88,635 crore. Telecom major Bharti Airtel and IT giant Tata Consultancy Services (TCS) were the worst-hit, reflecting sector-wide pressures. The downturn was driven by global uncertainty, rising bond yields, and cautious corporate earnings outlooks.
Biggest Losers: Airtel & TCS Lead Decline
Bharti Airtel (₹22,217 Cr Loss)
- Mcap fell to ₹6,31,983 crore—steepest drop among top firms.
- Reasons: Profit-booking after recent rallies, 5G capex concerns, and rising competition.
Tata Consultancy Services (₹20,926 Cr Loss)
- Mcap dropped to ₹13,21,520 crore.
- Reasons: Weak global IT demand, margin pressures, and delayed client decisions.
Other Major Decliners
- Reliance Industries (RIL) – ₹14,137 crore loss due to refining margin pressures.
- HDFC Bank – ₹12,383 crore dip amid rising deposit costs.
- ICICI Bank – ₹8,935 crore fall over NIM concerns.
- Infosys & HUL – Declined by ₹6,783 crore and ₹3,254 crore, respectively.
Gainers: LIC, ITC, SBI Defy the Trend
- LIC (+₹50,142 Cr) – Surged 11% on strong quarterly results.
- ITC (+₹3,461 Cr) – Steady cigarette sales and FMCG growth drove gains.
- SBI (+₹2,100 Cr) – Robust asset quality supported investor confidence.
Why Are Markets Slumping?
✅ Global Headwinds – Rising US Treasury yields, Fed rate fears.
✅ Earnings Uncertainty – Mixed Q2 results, cautious IT/banking guidance.
✅ Sectoral Pressures – Telecom (5G costs), IT (weak demand), banks (NIM squeeze).
✅ Profit-Booking – Investors locking gains after recent rallies.
Market Outlook: What’s Next?
Analysts expect short-term volatility but remain bullish on India’s long-term growth.
Expert View: “Corrections are healthy—focus on strong fundamentals for long-term gains.” – Market Strategist
Investors should track:
– Upcoming economic data
– Fed policy decisions
– Sector-specific recovery signals
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Disclaimer: Content is informational; consult a financial expert before investing.
