US Tariff Threats
Search documents
Mcap of 7 of top-10 most valued firms erodes by ₹3.63 lakh cr; Reliance biggest laggard
BusinessLine· 2026-01-11 08:43
Market Valuation Changes - The combined market valuation of seven of the top-10 most valued firms decreased by ₹3,63,412.18 crore last week, with Reliance Industries being the largest contributor to this decline [1] - The BSE benchmark index fell by 2,185.77 points, representing a decline of 2.54 percent [1] Company-Specific Valuation Changes - Reliance Industries' market valuation decreased by ₹1,58,532.91 crore, bringing its total to ₹19,96,445.69 crore [3] - HDFC Bank's valuation fell by ₹96,153.61 crore to ₹14,44,150.26 crore [3] - Bharti Airtel's market valuation dropped by ₹45,274.72 crore to ₹11,55,987.81 crore [3] - Bajaj Finance's valuation declined by ₹18,729.68 crore to ₹5,97,700.75 crore [3] - Larsen & Toubro's market capitalization decreased by ₹18,728.53 crore to ₹5,53,912.03 crore [3] - Tata Consultancy Services (TCS) saw a decline of ₹15,232.14 crore, bringing its valuation to ₹11,60,682.48 crore [3] - Infosys' market capitalization edged lower by ₹10,760.59 crore to ₹6,70,875 crore [4] Gainers in Market Valuation - ICICI Bank's market valuation increased by ₹34,901.81 crore to ₹10,03,674.95 crore [4] - Hindustan Unilever's valuation rose by ₹6,097.19 crore to ₹5,57,734.23 crore [4] - State Bank of India's market capitalization increased by ₹599.99 crore to ₹9,23,061.76 crore [4] Overall Market Sentiment - The Indian equity markets ended the week negatively, influenced by increased risk aversion due to renewed US tariff threats and rising geopolitical tensions [2]