Stock market ends lower amid selling in select heavyweights
At the close, the Sensex was 142 points, or 0.19%, lower at 75,867.80, while the Nifty 50 settled with a nominal loss of 7 points, or 0.03%, at 23,907.15.
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 and Bharti Airtel emerged as the worst hit.
Only Bajaj Finance and Hindustan Unilever closed the week with gains in their valuation.
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Notably, benchmark BSE Sensex dropped 932.42 points or 1.11 per cent.
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In the rank-wise analysis, Reliance Industries was the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance, and Hindustan Unilever.
Market valuation of Tata Consultancy Services (TCS) tumbled Rs 56,279.35 crore to Rs 11,81,450.30 crore. On Friday, the shares of TCS dropped nearly 3.50 per cent after its June quarter earnings failed to enthuse investors.
On the other hand, Bharti Airtel’s valuation eroded by Rs 54,483.62 crore to Rs 10,95,887.62 crore.
The market capitalisation (mcap) of the largest public sector lender, State Bank of India (SBI), went lower by Rs 2,989.75 crore to Rs 7,21,555.53 crore while the mcap of HDFC Bank declined by Rs 4,370.71 crore to Rs 15,20,969.01 crore.
ICICI Bank tanked Rs 14,556.84 crore to Rs 10,14,913.73 crore. The valuation of Life Insurance Corporation of India (LIC) diminished by Rs 11,954.25 crore to Rs 5,83,322.91 crore.
The mcap of Bajaj Finance climbed Rs 5,033.57 crore to Rs 5,80,010.68 crore.
The valuation of Hindustan Unilever Ltd jumped Rs 42,363.13 crore to Rs 5,92,120.49 crore.
On Friday, the stock market continued the losing streak for a third consecutive session. Concerns about the impact of Trump tariffs and selling in IT shares after the TCS Q1FY26 earnings were raised on the market.
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