**Market Cap of India’s Top 10 Firms Down by ₹2.99 Lakh Crore**
*By Dwaipayan Roy | Sep 28, 2025, 03:12 PM*
The combined market capitalization of India’s top 10 most valued companies took a significant hit last week, plunging by ₹2.99 lakh crore. This decline was largely in line with the bearish trend observed across equities, with IT giant Tata Consultancy Services (TCS) leading the downward momentum.
During the same period, the BSE benchmark index also experienced a sharp fall, losing 2,199.77 points or 2.66%.
**Valuation Declines Among Industry Leaders**
TCS faced the steepest loss with its market capitalization falling by ₹97,597.91 crore, bringing its valuation down to ₹10,49,281.56 crore. Reliance Industries followed with a decline of ₹40,462.09 crore, settling at ₹18,64,436.42 crore.
Infosys was not spared either, witnessing a drop of ₹38,095.78 crore from its previous market cap of ₹6,01,805.25 crore.
**Banking Sector Impact**
The banking sector also saw considerable losses. HDFC Bank’s market cap tumbled by ₹33,032.97 crore to ₹14,51,783.29 crore, while ICICI Bank’s valuation decreased by ₹29,646.78 crore, now standing at ₹9,72,007.68 crore.
**Other Notable Losses**
Bharti Airtel’s market capitalization fell by ₹26,030.11 crore, and Life Insurance Corporation of India (LIC) saw a decrease of ₹13,693.62 crore, bringing its market cap down to ₹5,51,919.30 crore.
Hindustan Unilever’s valuation dropped by ₹11,278.04 crore to ₹5,89,947.12 crore. Bajaj Finance also experienced a decline of ₹4,977.99 crore from its previous ₹6,12,914.73 crore.
Finally, the State Bank of India’s (SBI) market capitalization dipped by ₹4,846.07 crore to ₹7,91,063.93 crore.
Overall, the corrections across these top companies reflect the cautious sentiment prevalent in the markets during this period.
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