Business market valuation changes

Indian Top Firms' Market Valuation Decline

Analysis based on 8 articles · First reported Feb 15, 2026 · Last updated Feb 16, 2026

Sentiment

-20

Attention

Articles

Market Impact

Direct

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Market Impact

The Indian equity markets experienced a bearish trend, with the BSE SENSEX declining by 1.14%. This led to a combined market valuation loss of over Rs 3 lakh crore for six of the top 10 valued firms, primarily impacting IT majors like Tata Consultancy Services and Infosys, while State Bank of India and Bajaj Finance saw gains.

Information Technology Financial Services Telecommunications

Event Summary

The combined market valuation of six of India's top 10 most valued firms, including Tata Consultancy Services, Infosys, HDFC Bank, Reliance Industries, Life Insurance Corporation, and Bharti Airtel, fell by over Rs 3 lakh crore last week. This decline occurred amid a broader bearish trend in equities, with the BSE SENSEX falling by 953.64 points, or 1.14%. Tata Consultancy Services and Infosys were the biggest laggards, experiencing significant erosion in their market capitalisations. Conversely, State Bank of India, Bajaj Finance, Larsen & Toubro, and ICICI Bank saw increases in their valuations. Reliance Industries maintained its position as the most valued firm despite a drop in its market cap.

Key Actions

100 BSE SENSEX declined

90 Tata Consultancy Services market valuation tumbled

90 State Bank of India market valuation rose

80 Infosys market capitalisation dropped

70 HDFC Bank valuation declined

70 Reliance Industries valuation dropped

60 Bajaj Finance mcap climbed

50 Life Insurance Corporation market capitalisation decreased

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Entities Involved

index

BSE SENSEX

The BSE SENSEX declined by 953.64 points, or 1.14 per cent, over the past week, reflecting a bearish trend in equities.

Importance 100 Sentiment -30

stock

Tata Consultancy Services

Tata Consultancy Services' market valuation tumbled by Rs 90,198.92 crore to Rs 9,74,043.43 crore, making it the biggest laggard among India's top companies.

Importance 90 Sentiment -70

stock

State Bank of India

State Bank of India's market valuation rose Rs 1,22,213.38 crore to Rs 11,06,566.44 crore, making it the biggest gainer.

Importance 90 Sentiment 80

stock

Infosys

Infosys' market capitalisation dropped by Rs 70,780.23 crore to Rs 5,55,287.72 crore, contributing significantly to the overall market decline.

Importance 80 Sentiment -60

stock

HDFC Bank

HDFC Bank's valuation declined by Rs 54,627.71 crore to Rs 13,93,621.92 crore.

Importance 70 Sentiment -40

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Reliance Industries

Reliance Industries dropped Rs 41,883 crore to Rs 19,21,475.79 crore, though it remained the most valued firm in India.

Importance 70 Sentiment -30

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Bajaj Finance

Bajaj Finance's mcap climbed Rs 26,414.44 crore to Rs 6,37,244.64 crore.

Importance 60 Sentiment 60

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Relationships

Tata Consultancy Services related ↔ Infosys

Tata Consultancy Services related ↔ HDFC Bank

Tata Consultancy Services related ↔ Reliance Industries

Tata Consultancy Services related ↔ State Bank of India

Tata Consultancy Services related ↔ BSE SENSEX

Infosys related ↔ HDFC Bank

Infosys related ↔ Reliance Industries

Infosys related ↔ State Bank of India

Infosys related ↔ BSE SENSEX

HDFC Bank related ↔ Reliance Industries

+ 5 more relationships View on Dashboard

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