Market recap: Top 10 firms bleed Rs 3.12 lakh crore in market cap; Reliance biggest loser

May 17, 2026 - 14:00
Market recap: Top 10 firms bleed Rs 3.12 lakh crore in market cap; Reliance biggest loser

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Indian markets experienced a significant downturn last week, with the top 10 most valued firms losing Rs 3.12 lakh crore. Geopolitical tensions, a weakening rupee, and rising inflation, exacerbated by surging crude oil prices, drove the decline. Reliance Industries saw the steepest fall, while Bharti Airtel was the sole gainer among the giants.

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