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Key Points

Bajaj Finance saw its market value drop by nearly ₹5,000 crore this week as Indian equities faced significant pressure. The broader market reflected this bearish trend with the BSE benchmark sliding over 2,199 points during the week. Multiple factors contributed to the selloff including H-1B visa fee increases and the rupee hitting record lows against the dollar. Major companies like TCS, Reliance, and Infosys all suffered massive valuation losses in the market rout.

Key Points: Bajaj Finance Loses Rs 5000 Crore Market Value in Market Rout

  • Bajaj Finance valuation dropped to ₹6.12 lakh crore amid market selloff
  • TCS suffered biggest loss at ₹97,597 crore in market capitalization
  • H-1B visa fee hike triggered massive selling in technology stocks
  • Indian rupee hit record low against dollar adding to investor concerns
2 min read

Bajaj Finance's market value dips nearly Rs 5,000 crore this week

Bajaj Finance market cap plunges ₹5,000 crore amid bearish trend as TCS, Reliance, Infosys and major banks suffer massive valuation losses during the week

"The imposition of 100 per cent tariffs on branded and patented pharmaceutical imports to the US dampened sentiment across sectors - Ponmudi R, CEO Enrich Money"

Mumbai, Sep 28

The market valuation of Bajaj Finance fell by Rs 4,977.99 crore this week to Rs 6,12,914.73 crore, as India’s top companies experienced sharp losses amid a bearish trend in equities.

The broader market reflected similar pressures, with the BSE benchmark sliding 2,199.77 points or 2.66 per cent during the week.

The heavy losses were driven by multiple factors. A sharp increase in H-1B visa fees triggered significant selling in technology stocks, while the Indian rupee slipped to a record low against the US dollar, adding to investor concerns.

Additionally, the imposition of 100 per cent tariffs on branded and patented pharmaceutical imports to the US dampened sentiment across sectors, further weakening market confidence, said Ponmudi R, CEO of online trading and wealth tech firm Enrich Money.

Among the top-10 most valued companies, Tata Consultancy Services (TCS) bore the brunt, losing Rs 97,597.91 crore in market valuation to Rs 10,49,281.56 crore.

Reliance Industries’ valuation dropped by Rs 40,462.09 crore to Rs 18,64,436.42 crore, while Infosys lost Rs 38,095.78 crore to stand at Rs 6,01,805.25 crore.

Major banks were also affected, with HDFC Bank’s market value falling by Rs 33,032.97 crore to Rs 14,51,783.29 crore and ICICI Bank’s by Rs 29,646.78 crore to Rs 9,72,007.68 crore.

Bharti Airtel’s valuation declined by Rs 26,030.11 crore to Rs 10,92,922.53 crore, while Life Insurance Corporation of India (LIC) dipped by Rs 13,693.62 crore to Rs 5,51,919.30 crore.

Hindustan Unilever’s mcap dropped by Rs 11,278.04 crore to Rs 5,89,947.12 crore, and State Bank of India’s by Rs 4,846.07 crore to Rs 7,91,063.93 crore.

Despite the losses, the most valued firm in India include HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever, and LIC.

- IANS

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Reader Comments

P
Priya S
When big companies like TCS, Reliance, and Bajaj Finance all lose value together, it's a clear sign of broader economic stress. The 100% tariffs on pharma imports to US is particularly concerning for our export-dependent sectors.
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Arjun K
Market corrections are normal, but this week's losses seem excessive. Bajaj Finance has been a consistent performer, so this dip might be a good buying opportunity for long-term investors. What do others think? 🤔
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Sarah B
As someone working in the IT sector, the H-1B visa fee increase is really concerning. It's not just about stock prices - this affects thousands of Indian professionals and our remittances back home. The ripple effect is real.
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Vikram M
While I understand external factors are affecting markets, I wish our companies had better risk management strategies. Bajaj Finance should have been better prepared for such currency fluctuations. This is a learning moment for Indian corporates.
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Nisha Z
Seeing LIC and SBI also taking hits is worrying because these are considered safe investments for common people. Hope the market recovers soon - many middle-class families' savings are at stake here. 🙏
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Michael C
The interconnectedness of global markets is evident here. US

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