macro

Eight of India's top-10 firms lose value as HDFC Bank and Bajaj Finance drag

Market value of eight of India's ten most valuable companies fell last week, with HDFC Bank and Bajaj Finance hit hardest, according to TradingView.

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what happened

Eight of the ten most valuable companies in India lost a combined ₹1.55 lakh crore in market value last week, TradingView reported. HDFC Bank and Bajaj Finance accounted for most of the decline. The week was shortened by a holiday, yet the 30-share BSE Sensex dropped 1,605.44 points, or 2.15%, and the 50-share NSE Nifty fell 546.15 points, or 2.36%.

Across all BSE-listed companies, total capitalisation shrank by ₹20,78,774.28 crore over four trading days, settling at ₹4,51,83,393.14 crore versus ₹4,72,62,167.42 crore on October 16. HDFC Bank's valuation slid ₹55,506.95 crore to ₹10,67,121.12 crore, and its stock lost 5% during the week. Bajaj Finance shed ₹34,180.51 crore. Only two top-10 names, Tata Consultancy Services and Larsen & Toubro, finished the week higher, with TCS adding ₹23,517.56 crore.

why it matters

The broad equity sell-off hit large financial companies hardest. Their weight in the Sensex and Nifty makes this sector important for index-level moves. Gains at TCS and L&T partly offset the losses, but the overall picture for Indian stocks remained negative this week.

market impact

Indian equities: weakness in banks and finance pulls down the Sensex and Nifty

instruments

SensexNiftyHDFC BankReliance IndustriesBajaj FinanceTCS

sources

  1. MCap of eight of the top-10 firms erodes by ₹1.55 lakh cr; HDFC Bank, Bajaj Fin biggest laggards — TradingView, 25 October 2026 at 09:00 UTC
  2. Mcap of eight of the top-10 firms erodes by ₹1.55 lakh cr; HDFC Bank, Bajaj Fin biggest laggards — Moody's, 25 October 2026 at 10:09 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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