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Bajaj Finance Loses ₹14,000 Crore as Market Sell-Off Hits Top Firms

Bajaj Finance saw its market capitalisation plummet by over ₹14,000 crore last week amid a broad equity sell-off. The combined valuation of nine of India's top-10 most valued companies declined by a staggering ₹2.51 lakh crore, with Reliance Industries suffering the biggest loss. Market experts attributed the downturn to negative global cues, foreign investor outflows, a weak rupee, and muted corporate earnings. Hindustan Unilever was the only company among the top ten to see its market value increase during the turbulent week.

Key Points: Bajaj Finance Market Cap Drops ₹14,000 Crore in Stock Rout

  • Bajaj Finance valuation fell ₹14,094 crore
  • Top-10 firms lost ₹2.51 lakh crore combined
  • Reliance Industries hit hardest, down ₹96,960 crore
  • Hindustan Unilever sole gainer among top firms
2 min read

Bajaj Finance loses over Rs 14,000 crore in market value last week

Bajaj Finance lost over ₹14,000 crore in market value last week as a major sell-off wiped ₹2.51 lakh crore from India's top companies. Get the full analysis.

"markets saw a sharp sell-off with bears firmly in control throughout the week - Ajit Mishra"

Mumbai, Jan 25

Bajaj Finance's market capitalisation fell by over Rs 14,000 crore last week as weak market sentiment dragged down most of India's top-valued companies.

The sharp fall came amid a broader sell-off in equities, driven by global uncertainties, foreign investor outflows and pressure on the rupee.

The combined market valuation of nine of the top-10 most valued companies declined by Rs 2.51 lakh crore last week -- reflecting a sharp downturn in the stock market.

Bajaj Finance was among the major losers, with its market capitalisation slipping by Rs 14,093.93 crore to Rs 5,77,353.23 crore.

The benchmark Sensex witnessed heavy selling pressure during the week and fell by 2,032.65 points, or 2.43 per cent.

Market experts said negative global cues, continuous selling by foreign institutional investors, a weakening rupee and muted corporate earnings weighed heavily on investor sentiment.

Ajit Mishra, Senior Vice President of Research at Religare Broking, said the markets saw a sharp sell-off with bears firmly in control throughout the week due to multiple domestic and global concerns.

Reliance Industries suffered the biggest blow among the top companies, with its market valuation plunging by Rs 96,960.17 crore to Rs 18,75,533.04 crore.

ICICI Bank's valuation declined by Rs 48,644.99 crore to Rs 9,60,825.29 crore, while HDFC Bank lost Rs 22,923.02 crore, taking its market value to Rs 14,09,611.89 crore.

Bharti Airtel's market capitalisation dropped by Rs 17,533.97 crore to Rs 11,32,010.46 crore. Tata Consultancy Services saw its valuation fall by Rs 16,588.93 crore to Rs 11,43,623.19 crore, and Larsen & Toubro lost Rs 15,248.32 crore to settle at Rs 5,15,161.91 crore.

State Bank of India's market value slipped by Rs 11,907.5 crore to Rs 9,50,199.77 crore, while Infosys saw a decline of Rs 7,810.77 crore, taking its valuation to Rs 6,94,078.82 crore.

In contrast, Hindustan Unilever emerged as the only gainer among the top-10 firms, with its market capitalisation rising by Rs 12,311.86 crore to Rs 5,66,733.16 crore.

Despite the weekly losses, Reliance Industries remained India's most valued company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and Larsen & Toubro.

- IANS

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Reader Comments

S
Sarah B
The numbers are staggering! Reliance losing nearly 1 lakh crore in a week is mind-boggling. It shows how interconnected global markets are now. Hope the regulators are keeping a close watch to prevent panic selling.
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Priya S
My father's retirement portfolio has taken a big hit this week. It's very stressful for middle-class families who depend on market returns. Articles like this are helpful, but I wish there was more guidance for small investors on what to do during such times.
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Aman W
Hindustan Unilever being the only gainer makes perfect sense. In uncertain times, people still need everyday items like soap and tea. FMCG is always a safer bet. Smart money moves to defensive stocks.
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Karthik V
While the global factors are real, we also need to look at domestic issues. Corporate earnings have been muted, and consumer spending is not picking up as expected. The market is just reflecting the ground reality. We need stronger economic fundamentals.
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Michael C
Interesting to see the banking sector hit so hard - ICICI, HDFC, and SBI all down significantly. The weakening rupee must be putting pressure on their balance sheets. Tough week for finance.

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