July 28, 2025

Last week marked a challenging period for the Indian stock market as the combined market valuation of six of the top ten most valued firms declined significantly, dropping by Rs 2.22 lakh crore. A notable contributor to this drop was Reliance Industries, which saw a substantial fall in its market valuation, following a bearish trend in equities across the board. The BSE benchmark gauge also reflected this downward sentiment, declining by 294.64 points, translating to a drop of 0.36 percent. Market analysts noted that the markets had been closing lower for four consecutive weeks, attributed to a prevailing sense of caution stemming from mixed cues regarding performance and earnings announcements. The banking sector, for instance, displayed some resilience owing to positive quarterly results from major players like HDFC Bank and ICICI Bank. However, this positive momentum was curtailed by the poor performance of heavyweight stocks like Reliance, disrupting any potential recovery. Ajit Mishra, Senior Vice President of Research at Religare Broking Ltd, commented that the market faced significant volatility partly due to foreign fund outflows and the uncertainty surrounding trade deals in light of the approaching August 1 deadline. Among the top ten firms, the losses from Reliance Industries were most significant, with its market capitalization decreasing by Rs 1,14,687.7 crore, bringing its total down to Rs 18,83,855.52 crore. Other firms like Tata Consultancy Services (TCS), Infosys, Bajaj Finance, Hindustan Unilever, and Life Insurance Corporation of India (LIC) also suffered declines, with their combined losses amounting to Rs 2,22,193.17 crore. In contrast, some companies like HDFC Bank, Bharti Airtel, ICICI Bank, and State Bank of India managed to register gains in their valuations, marking a divergence in the performance of sectors within the market. Specifically, HDFC Bank's valuation surged by Rs 37,161.53 crore to reach Rs 15,38,078.95 crore. ICICI Bank added Rs 35,814.41 crore to its value, bringing it to Rs 10,53,823.14 crore, while Bharti Airtel's market cap increased by Rs 20,841.2 crore to Rs 11,04,839.93 crore. Furthermore, the State Bank of India's valuation rose by Rs 9,685.34 crore to Rs 7,44,449.31 crore. Despite the struggles faced by many, Reliance Industries remains the most valued domestic firm in the Indian market, followed closely by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and LIC. In summary, the current market landscape highlights significant volatility and diverging trends within various sectors, reflecting a complex interplay of earnings reports, investment flows, and prevailing economic conditions. Investors are advised to proceed with caution as the market continues to evolve, keeping an eye on the underlying fundamentals that will dictate future performance.

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Tags: Market valuation, Reliance industries, Hdfc bank, Stock market, Investment,