Last week, six of India’s ten biggest companies together lost over ₹70,000 crore in market value. The biggest losses were seen in HDFC Bank and ICICI Bank, as the Indian stock market struggled due to global uncertainty and cautious investor behaviour.
The BSE Sensex fell by 626 points (0.74%) over the week. This drop was mainly due to continuous selling by foreign investors and concerns about the upcoming July 9 US tariff talks. Although markets slightly recovered on Friday, the overall trend for the week was weak.
Biggest Losers:
- HDFC Bank lost the most, with its value dropping by ₹19,284.8 crore, bringing its total market cap to ₹15.25 lakh crore.
- ICICI Bank followed, losing ₹13,566.92 crore (now valued at ₹10.29 lakh crore).
- Bajaj Finance lost ₹13,236.44 crore (new value: ₹5.74 lakh crore).
- LIC fell by ₹10,246.49 crore (valued at ₹5.95 lakh crore).
- TCS lost ₹8,032.15 crore (valued at ₹12.37 lakh crore).
- Bharti Airtel saw a decline of ₹5,958.7 crore (valued at ₹11.50 lakh crore).
Gainers of the Week:
Four companies saw gains:
- Reliance Industries remained India’s most valuable company and gained ₹15,359.36 crore, with a total value of ₹20.66 lakh crore.
- Infosys added ₹13,127.51 crore (now worth ₹6.81 lakh crore).
- Hindustan Unilever gained ₹7,906.37 crore.
- State Bank of India (SBI) added ₹5,756.38 crore in value.
On Friday, markets showed a small recovery:
- Sensex closed 193 points higher at 83,432.89
- Nifty rose 55.70 points to 25,461
Market Sentiment:
Investors are being cautious due to international issues and upcoming trade decisions. Vinod Nair from Geojit Financial Services said that foreign investors are pulling money out of the market, while Indian institutional investors are trying to provide some support.
Also See: Smallcap Stocks Rally Up to 42% as Broader Indices Outperform Benchmarks This Week
Sector Performance:
- FMCG, IT, pharma, PSU banks, and oil & gas sectors performed well.
- Auto and metal stocks performed poorly.
- Investors are being selective, focusing more on mid-cap and small-cap stocks as they wait for clarity on India-US trade relations.
Top 10 Companies by Market Value (Current Rank):
- Reliance Industries
- HDFC Bank
- TCS
- Bharti Airtel
- ICICI Bank
- SBI
- Infosys
- LIC
- Bajaj Finance
- Hindustan Unilever
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