India’s stock market took a rough hit this week, with Bajaj Finance leading the charge among major players in losses. The company’s market valuation plunged by nearly Rs 5,000 crore, dropping to Rs 6,12,915 crore as bearish trends swept through equities.
The BSE Sensex benchmark captured the pain, sliding 2,200 points or 2.66% over the week. Investors felt the squeeze across the board, especially in top Indian companies.
What sparked this downturn? A big jump in H-1B visa fees rattled tech stocks, sparking heavy selling. The Indian rupee hit a record low against the US dollar, heightening worries. On top of that, new 100% tariffs on branded and patented pharmaceutical imports to the US soured moods in multiple sectors. “These factors really shook market confidence,” said Ponmudi R, CEO of online trading platform Enrich Money.
Tata Consultancy Services (TCS) suffered the biggest blow among India’s top-10 most valued firms, losing over Rs 97,600 crore to end at Rs 10,49,282 crore. Reliance Industries followed, with its valuation down Rs 40,462 crore to Rs 18,64,436 crore. Infosys shed Rs 38,096 crore, landing at Rs 6,01,805 crore.
Banks didn’t escape the storm either. HDFC Bank’s market cap fell Rs 33,033 crore to Rs 14,51,783 crore, while ICICI Bank dropped Rs 29,647 crore to Rs 9,72,008 crore. Bharti Airtel lost Rs 26,030 crore, reaching Rs 10,92,923 crore, and Life Insurance Corporation of India (LIC) dipped Rs 13,694 crore to Rs 5,51,919 crore.
Hindustan Unilever’s value slipped Rs 11,278 crore to Rs 5,89,947 crore, and State Bank of India (SBI) lost Rs 4,846 crore, closing at Rs 7,91,064 crore.
Even after these Indian stock market losses, the country’s most valued companies remain powerhouses: HDFC Bank, Bharti Airtel, TCS, ICICI Bank, SBI, Bajaj Finance, Infosys, Hindustan Unilever, and LIC. Keep an eye on rupee depreciation and US trade policies—they could shape the next moves in BSE Sensex and beyond.
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