Business EconomyPosted at: May 17 2026 2:52PM


Nine of top 10 firms lose Rs 3.12 trillion in valuation; Bharti Airtel only gainer

New Delhi, May 17 (UNI) The market valuation of nine of the top 10 most-valued firms eroded by Rs 3.12 trillion last week, with Reliance Industries taking the biggest hit as its market capitalisation tumbled Rs 1,34,445.77 crore to Rs 18,08,420.81 crore.
In the ranking of the most-valued firms, Reliance Industries retained the top position, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and Life Insurance Corporation of India.
Bharti Airtel emerged as the only gainer, with its market valuation rising Rs 42,470.13 crore to Rs 11,60,525.16 crore.
The valuation of State Bank of India declined by Rs 52,245.3 crore to Rs 8,88,862.32 crore, while that of Bajaj Finance plunged Rs 27,892.28 crore to Rs 5,66,717.74 crore.
The market capitalisation of Tata Consultancy Services fell Rs 47,415.04 crore to Rs 8,19,062.65 crore.
The m-cap of HDFC Bank dropped Rs 20,630.01 crore to Rs 11,82,069.25 crore, while that of ICICI Bank declined Rs 14,290 crore to Rs 8,92,385.39 crore.
The valuation of Larsen & Toubro slipped Rs 9,078.87 crore to Rs 5,37,542.34 crore, while that of Hindustan Unilever fell Rs 3,970.8 crore to Rs 5,33,592.18 crore.
Indian equity markets ended lower on Friday amid weakness in select sectors, while the rupee also touched a record low, weighing on investor sentiment.
At close, the Sensex fell 160.73 points or 0.21 percent to settle at 75,237.99, while the Nifty declined 46.10 points or 0.19 percent to close at 23,643.50. BSE 150 Midcap index fell 0.48%, while the BSE 250 Smallcap index declined 0.37%. UNI VK SAS AAB
Please log in to get detailed story.
Tags: #Nine of top 10 firms lose Rs 3.12 trillion in valuation; Bharti Airtel only gainer
More News

G Square Group launches 'Kshetra’ as North Chennai emerges as next growth, connectivity corridor

06 Jun 2026 | 6:01 PM

Chennai, June 6 (UNI): G Square Group, India’s largest plotted developer, on Saturday launched 'G Square Kshetra', a large-scale premium residential plotted development located in Karanodai, close to Red Hills.in North Chennai, which has emerged as the next growth and connectivity corridor.

see more..

Govt expands G-Sec reforms to attract foreign capital, deepen bond market

06 Jun 2026 | 5:46 PM

By Sourav Shekhar
New Delhi, Jun 6 (UNI) The Government has unveiled a series of reforms aimed at significantly increasing foreign participation in India's government securities (G-Sec) market- a move expected to deepen domestic debt markets, attract long-term capital and strengthen the country's position as a preferred global investment destination.

see more..

India’s GDP growth rises to 7 7 pc in FY26: SBI Research

06 Jun 2026 | 3:41 PM

New Delhi, June 6 (UNI) India's economy delivered a stronger-than-expected performance in the fourth quarter of FY26, helping annual GDP growth accelerate to 7.7 per cent and reinforcing the country's position as the world's fastest-growing major economy, according to a report by SBI Research on Saturday.

see more..

Sustainable energy infrastructure key to India's green growth journey

06 Jun 2026 | 2:14 PM

New Delhi, June 6 (UNI) As India accelerates its transition towards a low-carbon economy, the development of sustainable energy infrastructure will be critical in ensuring energy security, supporting industrial growth, and reducing environmental impact, according to industry experts.

see more..

40 lakh tonnes of coal missing? KTR seeks probe into alleged Rs 1,600 cr Singareni scam

06 Jun 2026 | 12:45 PM

Hyderabad, June 6 (UNI): Bharat Rashtra Samithi (BRS) Working President K.T. Rama Rao (KTR) has demanded an immediate and comprehensive investigation into the alleged disappearance of nearly 40 lakh metric tonnes of coal worth around Rs 1,600 crore from Singareni Collieries Company Limited (SCCL).

see more..