Market Valuation Takes a Hit: Reliance Industries Leads the Decline

Last week, the market valuation of several leading Indian firms, including Reliance Industries, saw a significant decline, totaling Rs 3,63,412.18 crore. The BSE benchmark index dropped by 2.54%, reflecting increased risk aversion due to geopolitical tensions and tariff threats from the US. While some companies faced substantial losses, others like ICICI Bank and Hindustan Unilever experienced gains. This article delves into the specifics of these market movements and their implications for investors.

By Narendra Chaudhary Jan 11, 2026, 15:08 IST

Market Valuation Decline Overview

New Delhi: The total market capitalization of seven out of the ten most valuable companies in India saw a significant drop of Rs 3,63,412.18 crore last week, with Reliance Industries being the most affected amid a downturn in the stock market.

The BSE benchmark index fell by 2,185.77 points, translating to a 2.54% decrease over the week.

According to Ponmudi R, CEO of Enrich Money, an online trading and wealth management firm, the Indian stock market concluded the week negatively, driven by increased risk aversion due to renewed tariff threats from the US and escalating geopolitical tensions.

While companies like Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, Infosys, Bajaj Finance, and Larsen & Toubro experienced declines in their market valuations, ICICI Bank, State Bank of India, and Hindustan Unilever saw increases.

Reliance Industries' market capitalization fell by Rs 1,58,532.91 crore, bringing it down to Rs 19,96,445.69 crore.

HDFC Bank's valuation decreased by Rs 96,153.61 crore, now at Rs 14,44,150.26 crore.

Bharti Airtel's market value dropped by Rs 45,274.72 crore to Rs 11,55,987.81 crore, while Bajaj Finance's valuation fell by Rs 18,729.68 crore to Rs 5,97,700.75 crore.

Larsen & Toubro's market cap decreased by Rs 18,728.53 crore to Rs 5,53,912.03 crore, and TCS saw a decline of Rs 15,232.14 crore, now valued at Rs 11,60,682.48 crore.

Infosys' market capitalization also dipped by Rs 10,760.59 crore, settling at Rs 6,70,875 crore.

On the other hand, ICICI Bank's valuation rose by Rs 34,901.81 crore, reaching Rs 10,03,674.95 crore.

Hindustan Unilever's market cap increased by Rs 6,097.19 crore to Rs 5,57,734.23 crore, and State Bank of India saw a slight rise of Rs 599.99 crore, now valued at Rs 9,23,061.76 crore.

Despite the declines, Reliance Industries remains the most valuable company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and Larsen & Toubro.