Sensex Bleeds ₹2 Trillion—Is Confidence Cracking in Corporate India?

The combined market valuation of eight of the top 10 valued firms eroded by Rs 2,07,501.58 crore last week. Tata Consultancy Services (TCS) and Bharti Airtel emerged as the worst hit.

The BSE Sensex fell 932 points (1.11%), reflecting broader investor caution. IT stocks, especially TCS, were hit hard due to earnings disappointment.

And, that’s a hefty dent in market confidence. Here's a breakdown of what happened:

Major Value Erosion

Eight of India’s top 10 most valued companies saw a combined market cap drop of ₹2.07 lakh crore last week. Leading the losses:

• Tata Consultancy Services (TCS): Fell by ₹56,279 crore after underwhelming June quarter earnings
• Bharti Airtel: Lost ₹54,483 crore
• Reliance Industries: Down ₹44,048 crore
• Infosys: Dropped ₹18,819 crore
• ICICI Bank, LIC, HDFC Bank, and SBI also saw declines ranging from ₹2,990 crore to ₹14,557 crore

The Silver Lining

Only two firms bucked the trend:

• Hindustan Unilever Ltd (HUL): Gained ₹42,363 crore, boosted by the announcement of Priya Nair as its first woman CEO
• Bajaj Finance: Rose by ₹5,034 crore.