Last Updated: September 20, 2026
Last Updated: September 20, 2026
Mumbai: The combined market capitalisation of seven of India’s 10 most-valued companies declined by around Rs 1.13 lakh crore last week, in line with a weak trend in the broader equity market.
Bharti Airtel and Reliance Industries were the biggest laggards during the week. The benchmark Sensex fell 276.32 points, or 0.35 per cent, while the Nifty declined 76.35 points, or 0.31 per cent.
Bharti Airtel, Reliance Lead Market Value Decline
Bharti Airtel recorded the biggest erosion in market valuation among the top 10 firms, with its market capitalisation declining by Rs 40,500.85 crore to Rs 11,74,462.30 crore.
Reliance Industries followed, with its market capitalisation falling by Rs 40,056.32 crore to Rs 17,38,119.27 crore.
HDFC Bank’s valuation declined by Rs 11,558.35 crore to Rs 11,09,600.70 crore, while Bajaj Finance lost Rs 10,086.05 crore, taking its market capitalisation to Rs 6,70,535.57 crore.
The market value of Larsen & Toubro fell by Rs 6,473.45 crore to Rs 5,55,987.49 crore. Life Insurance Corporation of India (LIC) saw its valuation decline by Rs 3,162.50 crore to Rs 5,32,817.81 crore.
Hindustan Unilever’s market capitalisation slipped by Rs 1,550.73 crore to Rs 4,72,361.83 crore.
TCS, ICICI Bank Among Gainers
Three companies among the top 10 bucked the weak market trend and added to their market value.
Tata Consultancy Services (TCS) emerged as the biggest gainer, with its valuation rising by Rs 16,643.20 crore to Rs 8,48,079.71 crore.
ICICI Bank’s market capitalisation increased by Rs 4,475.28 crore to Rs 10,22,805.73 crore, while State Bank of India’s valuation edged up by Rs 599.99 crore to Rs 9,65,568.75 crore.
Sensex Outlook
Commenting on the Sensex’s technical outlook, market experts said a sustained breakout above 78,000 could strengthen the recovery and pave the way towards the 78,500-78,800 range.
On the downside, 77,000 remains a crucial psychological support level, followed by the 76,700-76,500 region.
Holding above 77,000 would be important to preserve the broader recovery structure, while a decisive break below this level could trigger renewed selling pressure, an analyst said.
Despite the weekly decline, Reliance Industries retained its position as India’s most-valued company by market capitalisation.
The ranking was followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever.
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