Rs 78,166 Crore Vanished In Week! Six of Top Dalal Street Heavyweights Lose Mcap: RIL, TCS, Infosys, SBI, More

As the stock market failed to retain its gains made in the previous week, the market capitalisation of six of the top ten firms on the Bombay Stock Exchange (BSE) declined by Rs 78,166 crore last week. The erosion in wealth of top BSE heavyweights has come as a part of a larger weaker sentiment prevailing over the Indian stock market between May 19 and May 23.

The BSE Sensex dropped by nearly 609.51 points in past five trading sessions and closed at 81721.08 points on Friday. Meanwhile, Nifty50 declined by 166.65 points or 0.66 per cent to 24853.15 points. Reliance Industries, HDFC Bank, Tata Consultancy Services, Infosys, Hindustan Unilever, etc emerged as the top laggards on Dalal Street last week.

BSE Last Week: Top Gainers Of Dalal Street

Bharti Airtel's valuation soared by Rs 10,121.24 crore, reaching Rs 10,44,682.72 crore. Similarly, Bajaj Finance's market cap increased by ₹4,548.87 crore, standing at ₹5,74,207.54 crore, and ITC's valuation rose by ₹875.99 crore to ₹5,45,991.05 crore. Additionally, HDFC Bank enjoyed a modest rise in its market cap by ₹399.93 crore, bringing its total to ₹14,80,723.47 crore. Despite the fluctuations, Reliance Industries maintained its position as the most valuable firm, followed closely by HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and ITC.

Top BSE Heavyweights Which Suffered Loss Last Week

Tata Consultancy Services saw its valuation decline by ₹17,710.54 crore, leaving it at ₹12,71,395.95 crore. Infosys and Hindustan Unilever also witnessed decreases in their market capitalisation, with Infosys dropping by ₹10,488.58 crore to ₹6,49,876.91 crore and Hindustan Unilever's valuation reducing by ₹5,462.8 crore to ₹5,53,974.88 crore. The market cap of ICICI Bank edged down by ₹2,454.31 crore to ₹10,33,868.01 crore, and State Bank of India's valuation dipped by ₹1,249.45 crore to ₹7,05,446.59 crore.

Stock Market Friday Recap

The Indian stock market witnessed a volatile session last week. However, the benchmark BSE and NSE indices recovered their losses on Friday as Nifty 50 regained nearly 243 points from last trading session. BSE Sensex also recovered some losses during the last session of the week. Despite Friday recovery, the Indian stock market ended on the week with losses.

On Friday, broader market remained firm with the Nifty Midcap100 and Smallcap100 indices gaining 0.6% and 0.8%, respectively. On the macro front, India's services sector showed resilience, with the Services PMI rising slightly to 58.7 in Apr'25.

Stock Market Next Week: Factors Which Will Impact BSE, NSE Trajectory From May 26-31

Final phase of the corporate earnings, arrival of pre-monsoon, macro-economic tailwinds, trade uncertainty, and quarterly GDP figures for India and the US are likely to impact the Indian stock market sentiment next week, according to experts.

"The ongoing earnings season is entering its final phase next week, with investors closely tracking corporate performance across sectors. Meanwhile, the arrival of pre-monsoon showers across parts of India lifted market mood ahead of an anticipated above-normal monsoon, which is expected to support rural demand and broader economic activity. Looking ahead, markets are expected to remain firm, with participation likely from the broader market segments as macro and earnings tailwinds continue to provide support. Investors will also be closely watching key data releases next week, including quarterly GDP figures for both India and the US," noted Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd.