New Delhi
Eight of India’s top ten companies lost a combined ₹1.65 lakh crore in market value last week, with Tata Consultancy Services (TCS) and Bharti Airtel suffering the biggest declines amid weak global cues and tariff war concerns.
TCS saw its market valuation drop by ₹53,185.89 crore to ₹13.7 lakh crore, while Bharti Airtel’s fell by ₹44,407.77 crore to ₹9.3 lakh crore. Other major losses included ICICI Bank (-₹18,235.45 crore), Hindustan Unilever (-₹17,962.62 crore), Infosys (-₹17,086.61 crore), ITC (-₹11,949.42 crore), and HDFC Bank (-₹2,555.53 crore). The State Bank of India (SBI) recorded a smaller decline of ₹401.61 crore.
The BSE benchmark index fell 628.15 points (-0.82%), while the Nifty declined 133.35 points (-0.58%). Analysts expect continued volatility, with investors closely monitoring key economic data such as the US Core PCE Price Index and India’s GDP figures.
Technically, the 22,800–22,700 range is providing support, but 23,000 has become a resistance level, noted Dhupesh Dhameja from SAMCO Securities. Market sentiment remains cautious, with aggressive call writing indicating short-term uncertainty.