Following US President Donald Trump's imposition of tariffs, the Indian stock market experienced a significant downturn, resulting in a ₹9.5 lakh crore loss in the market capitalization of BSE-listed companies.
Top Stocks: Last week, following the imposition of tariffs by US President Donald Trump on several countries, including India, the Indian stock market witnessed a sharp decline. On Friday, the market capitalization of all BSE-listed companies decreased by ₹9.5 lakh crore. Over the entire week, the market capitalization of 9 out of the country's top 10 companies fell by ₹2,94,170.16 crore, with IT company Tata Consultancy Services (TCS) bearing the biggest brunt.
Significant Decline in TCS, Reliance, and Other Major Companies
Tata Consultancy Services' market valuation decreased by ₹1,10,351.67 crore, falling to ₹11,93,769.89 crore. Similarly, Reliance Industries' market valuation dropped by ₹95,132.58 crore, reaching ₹16,30,244.96 crore. Infosys's market cap fell by ₹49,050.04 crore, settling at ₹6,03,178.45 crore.
Sharp Decline in Other Major Companies
Furthermore, Bajaj Finance's market cap decreased by ₹14,127.07 crore to ₹5,40,588.05 crore. ICICI Bank's market capitalization fell by ₹9,503.66 crore to ₹9,43,264.95 crore. HDFC Bank's market cap decreased by ₹8,800.05 crore, reaching ₹13,90,408.68 crore. Hindustan Unilever's market valuation dropped by ₹3,500.89 crore, settling at ₹5,27,354.01 crore.
SBI and ITC Also Witness Market Cap Decline
State Bank of India (SBI), the country's largest publicly owned bank, saw its market cap decrease by ₹3,391.35 crore, reaching ₹6,85,232.33 crore. Meanwhile, FMCG company ITC's market valuation fell by ₹312.85 crore to ₹5,12,515.78 crore.
Airtel's Market Cap Increases
Despite the overall decline, telecom company Airtel's valuation increased by ₹7,013.59 crore, reaching ₹9,94,019.51 crore. Airtel was the only company to experience an increase in its market capitalization.
Reliance, HDFC Bank, and Other Top Companies' Status
Despite the downturn, Reliance Industries remained the most valuable company, followed by HDFC Bank, TCS, Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and ITC.
This substantial loss underscores the significant impact that global events, such as tariff imposition, can have on the Indian stock market.
