Market Cap of Top Indian Firms Sees Rs 1.6 Lakh Crore Wipeout; Reliance Industries Takes the Biggest Hit

New Delhi, May 11 — The combined market capitalisation of eight of India’s top 10 most valued companies declined sharply last week, registering a cumulative erosion of Rs 1,60,314.48 crore, in step with the broader weakness in equity markets. The BSE benchmark Sensex dropped 1,047.52 points or 1.30 percent over the week, triggering value erosion across several heavyweight counters.

Reliance Industries, HDFC Bank Among Top Losers​

Reliance Industries, India’s most valuable firm, bore the brunt of the sell-off, shedding Rs 59,799.34 crore from its market capitalisation, which now stands at Rs 18,64,436.42 crore.

HDFC Bank followed, seeing its valuation decline by Rs 27,062.52 crore to settle at Rs 14,46,294.43 crore. Other major laggards included:

• ICICI Bank, down Rs 30,185.36 crore to Rs 9,90,015.33 crore
• State Bank of India, down Rs 18,429.34 crore to Rs 6,95,584.89 crore
• Bajaj Finance, down Rs 13,798.85 crore to Rs 5,36,927.95 crore
• ITC, down Rs 8,321.89 crore to Rs 5,29,972.97 crore
• Bharti Airtel, down Rs 2,138.29 crore to Rs 10,53,891.62 crore
• Tata Consultancy Services (TCS), down Rs 578.89 crore to Rs 12,45,418.09 crore

Infosys and Hindustan Unilever Buck the Trend​

Amid the broader decline, only two companies managed to post gains:

• Hindustan Unilever Ltd (HUL) saw its market cap rise by Rs 2,537.56 crore, reaching Rs 5,48,382.85 crore
• Infosys added Rs 415.33 crore, with a new market cap of Rs 6,26,083.70 crore

Current Top-10 Most Valued Indian Companies by Market Capitalisation​

1. Reliance Industries
2. HDFC Bank
3. TCS
4. Bharti Airtel
5. ICICI Bank
6. State Bank of India
7. Infosys
8. Hindustan Unilever
9. Bajaj Finance
10. ITC

With investor sentiment appearing cautious amid domestic and global factors, the Indian equity market could witness continued volatility in the coming sessions.