Share market investors faced a rude shock this week as TCS led a pack of top companies into red territory. The premier IT firm’s market capitalization nosedived by an alarming Rs 90,198.92 crore, reducing it to Rs 9,74,043.43 crore and cementing its position as the week’s biggest casualty among elite peers.
Widespread profit-booking triggered a 1.14 percent or 953.64-point fall in the BSE Sensex, with the top 10 seeing six members lose a combined Rs 3 lakh crore plus in value. IT heavyweights were particularly battered, signaling caution for tech investors.
Infosys incurred a Rs 70,780.23 crore hit, now valued at Rs 5,55,287.72 crore. HDFC Bank slipped Rs 54,627.71 crore to Rs 13,93,621.92 crore. Reliance, India’s valuation king, trimmed Rs 41,883 crore but remained unchallenged at Rs 19,21,475.79 crore.
Other decliners included LIC, down Rs 23,971.74 crore to Rs 5,46,226.80 crore, and Airtel, which lost Rs 19,244.61 crore ending at Rs 11,43,044.03 crore. Defying the downturn, SBI soared with a Rs 1,22,213.38 crore gain to Rs 11,06,566.44 crore, stealing the spotlight.
Bajaj Finance boosted Rs 26,414.44 crore to Rs 6,37,244.64 crore, L&T rose Rs 14,483.9 crore to Rs 5,74,028.93 crore, and ICICI Bank edged up Rs 5,719.95 crore to Rs 10,11,978.77 crore. Public and private banks provided some counterbalance.
The pecking order stays led by Reliance, then HDFC Bank, Airtel, SBI, ICICI Bank, TCS, Bajaj Finance, L&T, Infosys, and LIC. With earnings season approaching, this volatility could set the tone for future movements.