Top 10 Most-Valued Firms Lose Over Rs 52,600 Crore In Market Cap

On January 9, 2025, the value of India's top 10 most-valued firms shrank significantly, resulting in a combined loss of over Rs 52,600 crore in market capitalization. Major players such as Tata Consultancy Services Ltd. (TCS) and HDFC Bank Ltd. were among the hardest hit.

Top Losers in Market Capitalization

TCS experienced a staggering drop in market valuation amounting to Rs 23,300.5 crore, which reduced its total market capitalization to Rs 14.6 lakh crore. HDFC Bank saw its market cap decline by Rs 19,501.7 crore, leaving it with a market value of Rs 12.8 lakh crore. Furthermore, Reliance Industries Ltd. suffered a loss of Rs 11,773.2 crore, while State Bank of India (SBI) lost Rs 8,166 crore.

Other notable declines included Infosys Ltd., which saw its market capitalization fall by Rs 5,418.7 crore to Rs 7.97 lakh crore, and ICICI Bank Ltd., which experienced a decrease of Rs 176.5 crore, bringing its market cap to Rs 8.91 lakh crore.

Shifts in Market Valuation

In contrast to the major losses, Hindustan Unilever Ltd. emerged as the top gainer among the Nifty stocks, adding Rs 9,163.4 crore to its market cap, which now stands at Rs 5.73 lakh crore. Bharti Airtel Ltd. also performed well, increasing its market value by Rs 4,898.4 crore to a total of Rs 9.15 lakh crore. Other companies in the green included ITC Ltd., whose market cap grew by Rs 1,126.1 crore to reach Rs 5.63 lakh crore, and HCL Technologies Ltd., which added Rs 474.9 crore, bringing its market cap to Rs 5.24 lakh crore.

Despite the turbulence, Reliance Industries maintained its position as the most-valued firm, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, Hindustan Unilever, ITC, and HCLTech.

Market Overview

The session that day saw the NSE Nifty 50 close at 23,526.5 points, down by 162.45 points or 0.69%, while the BSE Sensex fell by 528.28 points or 0.68% to finish at 77,620.21 points. The Nifty index dipped as low as 23,503.05 during the session, reflective of the overall decline in investor sentiment.

With upcoming earnings reports expected to influence the market further, investors approached the market with caution, leading to a broad sell-off. Oil & Natural Gas Corporation was noted as one of the biggest losers in the Nifty index after enjoying gains in the previous days. However, Bajaj Auto stood out with significant positive movement following an upgrade in its rating to ‘outperform’ by CLSA.

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