Weekly market wrap: Mcap of eight of top-10 firms erodes by ₹2.07 trillion; TCS, Airtel biggest laggards

Last week, the benchmark BSE Sensex dropped 932.42 points, or 1.11%.

Bharti Airtel's valuation eroded by ₹54,483.62 crore to ₹10,95,887.62 crore.

The market capitalisation (mcap) of ICICI Bank tanked ₹14,556.84 crore to ₹10,14,913.73 crore. The valuation of Life Insurance Corporation of India (LIC) diminished by ₹11,954.25 crore to ₹583,322.91 crore.

The market capitalisation of HDFC Bank declined by ₹4,370.71 crore to ₹15,20,969.01 crore, and that of State Bank of India went lower by ₹2,989.75 crore to ₹7,21,555.53 crore.

However, the valuation of Hindustan Unilever Ltd jumped from ₹42,363.13 crore to ₹5,92,120.49 crore. Shares of Hindustan Unilever Ltd (HUL) on Friday surged nearly 5% after the company announced that Priya Nair will become its first woman chief executive officer (CEO) and managing director (MD).

The market capitalisation of Bajaj Finance climbed ₹5,033.57 crore to ₹580,010.68 crore.

Reliance Industries was the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India (SBI), Infosys, Life Insurance Corporation of India (LIC), Bajaj Finance, and Hindustan Unilever in that order.

On Friday, the Indian stock market settled lower for the third straight session, majorly dragged by the IT stocks as June quarter earnings made the participants worried. The market investors also remained cautious on tariff uncertainties.

The equity benchmark indices have slipped for the second straight week.

The IT index fell the most on Friday, dragged by Tata Consultancy Services (TCS) shares. India’s leading IT services firm’s Q1 FY26 earnings failed to impress the investors.

As many as 3,012 stocks traded on the NSE on Friday. Out of this, 1,030 advanced and 1,891 stocks declined, while 91 scrips remained unchanged.

NSE-listed firms' market capitalisation stood at ₹454.50 lakh crore at the end of the session on Friday.