Daijiworld Media Network - Mumbai
Mumbai, Aug 10: Six of India’s ten most valued companies saw their combined market capitalisation (mcap) drop by Rs 1.361 lakh crore last week, amid broader market weakness triggered by global tensions, including US President Donald Trump’s unexpected 50% tariff announcement on Indian goods.
Indices fell for the sixth consecutive week, with the Nifty closing at 24,363 and the Sensex at 79,857, both down nearly 1%.
Major Losers:
• Reliance Industries: Lost Rs 34,710 crore, mcap down to Rs 18.51 lakh crore
• HDFC Bank: Down Rs 29,722 crore to Rs 15.14 lakh crore
• ICICI Bank: Fell Rs 24,719 crore to Rs 10.25 lakh crore
• Infosys: Lost Rs 19,504 crore to Rs 5.91 lakh crore
• Bharti Airtel: Down Rs 15,053 crore to Rs 10.59 lakh crore
• Hindustan Unilever: Declined by Rs 12,441 crore to Rs 5.87 lakh crore
Gainers:
• LIC: Gained Rs 17,678 crore, now at Rs 5.77 lakh crore
• TCS: Added Rs 11,361 crore, at Rs 10.97 lakh crore
• State Bank of India: Up Rs 9,784 crore to Rs 7.42 lakh crore
• Bajaj Finance: Slight increase of Rs 186 crore to Rs 5.45 lakh crore
Broader indices underperformed the benchmarks, with BSE Midcap falling 1% and Smallcap losing 2%.
Analysts believe sectors linked to domestic demand, such as infrastructure, select auto stocks, and rural FMCG, may remain resilient if macroeconomic conditions remain stable.