The collective market value of eight out of the top 10 most valued companies witnessed a decline of ₹3,09,244.57 crore in the past week, which was shortened due to a holiday. This drop was reflective of the overall bearish trend in the stock market.
During the week, the Sensex fell by 2,112.96 points or 2.80%, while the Nifty dropped 671.2 points or 2.94%. February also saw a significant decrease in the Nifty by 1,383.7 points or 5.88%, and the Sensex by 4,302.47 points or 5.55%.
Tata Consultancy Services (TCS) suffered the most in terms of market valuation, losing ₹1,09,211.97 crore and sliding to the third position in the list of top 10 most valued firms. HDFC Bank surpassed TCS to claim the second spot in this ranking.
The market capitalization of Infosys decreased by ₹52,697.93 crore, Bharti Airtel lost ₹39,230.1 crore, Reliance Industries saw a decline of ₹38,025.97 crore, and State Bank of India’s valuation was down by ₹29,718.99 crore. ICICI Bank’s market cap fell by ₹20,775.78 crore, Hindustan Unilever’s by ₹11,700.97 crore, and ITC’s by ₹7,882.86 crore.
On the other hand, HDFC Bank’s market capitalization increased by ₹30,258.49 crore, and Bajaj Finance added ₹9,050.24 crore to its valuation.
Reliance Industries continued to hold the top position in terms of market value, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Bajaj Finance, Hindustan Unilever, and ITC.
The stock market witnessed a sharp decline last week, impacting the market valuations of several top companies. This downward trend reflects the overall sentiments in the market and the impact of global economic factors.
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The article was updated on March 2, 2025.
