Home / Business and Economy / Top Indian Firms Lose Over $1.6 Billion in Market Value Amid Downturn
Top Indian Firms Lose Over $1.6 Billion in Market Value Amid Downturn
3 Aug
Summary
- Seven of India's top 10 firms lost $1.35 billion in market value last week
- TCS saw the biggest drop, losing $570 million in valuation
- Reliance, HDFC Bank, and HUL were the only firms to see gains
According to the latest market data, as of August 3rd, 2025, Reliance Industries remained India's most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC, and Bajaj Finance.
However, the combined market valuation of seven of these top 10 companies eroded by a significant ₹1.35 lakh crore (over $1.6 billion) last week, with Tata Consultancy Services (TCS) taking the biggest hit. TCS's valuation tumbled by ₹47,487.4 crore (around $570 million).
Other major losers included Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, and Bajaj Finance, which saw their market caps decline by a combined ₹87,862.53 crore (over $1 billion).
In contrast, Reliance Industries, HDFC Bank, and Hindustan Unilever managed to add ₹39,989.72 crore (around $480 million) to their market valuations during the same period. Reliance Industries remained the most valued firm, followed by HDFC Bank and TCS.
The overall market sentiment was also bearish last week, with the BSE benchmark tanking 863.18 points or 1.05%.
