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New Delhi: The combined market valuation of six of the top-10 most valued firms eroded by Rs 78,166.08 crore last week, with Reliance Industries taking the biggest hit, in line with weak trends in equities.
Last week, the BSE benchmark dropped 609.51 points or 0.74 per cent and the Nifty declined 166.65 points or 0.66 per cent.
While Reliance Industries, TCS, ICICI Bank, State Bank of India, Infosys and Hindustan Unilever were the laggards, HDFC Bank, Bharti Airtel, Bajaj Finance and ITC were the gainers from the top-10 pack.
The market valuation of Reliance Industries declined by Rs 40,800.4 crore to Rs 19,30,339.56 crore.
Markets To Track GDP Data, Global Cues & RBI Dividend This Week, Foreign Flows, Earnings & FOMC Minutes To Drive Investor Sentiment
Tata Consultancy Services' valuation dropped by Rs 17,710.54 crore to Rs 12,71,395.95 crore.
The valuation of Infosys went lower by Rs 10,488.58 crore to Rs 6,49,876.91 crore and that of Hindustan Unilever eroded by Rs 5,462.8 crore to Rs 5,53,974.88 crore.
The market capitalisation (mcap) of ICICI Bank edged down by Rs 2,454.31 crore to Rs 10,33,868.01 crore and that of State Bank of India dipped by Rs 1,249.45 crore to Rs 7,05,446.59 crore.
IMF World Economic Outlook
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) report released on 22 April 2025, predicted that India is set to overtake Japan to become the fourth-largest economy in the world in 2025.
India's nominal GDP is expected to rise to $4,287.017 billion in the 2025-26 fiscal year, which is higher compared to the expectation for Japan's nominal GDP at $4,186.431 billion, according to the report.
According to Mint's earlier report, India was the fifth-largest economy worldwide until 2024. IMF's prediction also marks India as the fastest-growing major economy in the upcoming two years.
The WEO report also highlighted that the Indian economy is expected to grow at a “more stable” rate of 6.2 per cent in 2025 and 6.3 per cent in 2026, which makes it higher than its global and regional peers.
“For India, the growth outlook is relatively more stable at 6.2 per cent in 2025, supported by private consumption, particularly in rural areas, but this rate is 0.3 percentage point lower than that in the January 2025 WEO Update on account of higher levels of trade
