The market capitalization of eight of India’s top 10 most-valued companies plummeted by Rs 2,07,501.58 crore last week, with Tata Consultancy Services (TCS) and Bharti Airtel bearing the brunt of the decline.

The BSE Sensex, reflecting the broader market's mood, fell 932.42 points, or 1.11%, during the week. TCS saw its valuation nosedive by Rs 56,279.35 crore, bringing its market cap to Rs 11,81,450.30 crore. The IT giant’s shares slumped nearly 3.50% on Friday after its June quarter earnings disappointed investors. Bharti Airtel followed closely, with its valuation eroding by Rs 54,483.62 crore to Rs 10,95,887.62 crore.

Other heavyweights weren’t spared either. Reliance Industries, still the country’s most-valued firm, lost Rs 44,048.2 crore, reducing its market cap to Rs 20,22,901.67 crore. Infosys took a hit of Rs 18,818.86 crore, dropping to Rs 6,62,564.94 crore. ICICI Bank’s valuation shrank by Rs 14,556.84 crore to Rs 10,14,913.73 crore, while Life Insurance Corporation of India (LIC) saw a Rs 11,954.25 crore dip, bringing its market cap to Rs 5,83,322.91 crore.

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HDFC Bank and State Bank of India also faced declines, losing Rs 4,370.71 crore and Rs 2,989.75 crore, respectively, to stand at Rs 15,20,969.01 crore and Rs 7,21,555.53 crore. Amid the downturn, Hindustan Unilever Ltd (HUL) and Bajaj Finance bucked the trend.

HUL’s valuation soared by Rs 42,363.13 crore to Rs 5,92,120.49 crore, boosted by a nearly 5% share price surge after announcing Priya Nair as its first woman CEO and MD. Bajaj Finance added Rs 5,033.57 crore, reaching Rs 5,80,010.68 crore. The top-10 ranking remains led by Reliance Industries, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance, and Hindustan Unilever.