Market cap of India's top 5 firms down ₹1L crore
22 Mar 2026

The combined market capitalization of five out of the top 10 most-valued companies in India, including HDFC Bank, ICICI Bank,Tata Consultancy Services (TCS), Bajaj Finance, and Hindustan Unilever, fell by over ₹1 lakh crore last week.

The BSE Sensex and NSE Nifty ended the week on a flat note with a negative bias.

HDFC Bank suffered the most with its valuation falling by over ₹56,000 crore.

Ajit Mishra on market performance
Market trends

Ajit Mishra, SVP of Research at Religare Broking Ltd, said the markets ended last week on a largely flat note with a negative bias.

He explained that this reflected underlying caution among participants.

Despite a positive tone in the first three sessions, Thursday's sharp decline erased gains and led to a volatile final session.

Companies that suffered the most
Valuation drop

HDFC Bank's market capitalization fell by ₹56,124.48 crore to ₹12,01,267.28 crore last week.

Hindustan Unilever's valuation also dropped by ₹18,009.62 crore to ₹4,89,631.32 crore, while Bajaj Finance lost ₹15,338.42 crore bringing its value down to ₹5,16,715.12 crore.

The market capitalization of TCS declined by ₹7,127.63 crore, while ICICI Bank's value edged lower by ₹6,171.72 crore last week alone.

Companies that gained the most
Market winners

Despite the losses, some companies witnessed a surge in their market capitalization.

Reliance Industries saw its valuation jump by ₹45,942.75 crore to ₹19,14,235.92 crore last week.

Bharti Airtel's market capitalization also surged by ₹24,462.03 crore, while State Bank of India's value climbed by over ₹10,000 crore during this period.