The combined market valuation of eight of the top 10 most valuable firms fell by Rs 1.55 lakh crore last week, with HDFC Bank and Bajaj Finance accounting for most of the losses. In a holiday-truncated week, the 30-share BSE Sensex tumbled 1,605.44 points, or 2.15 per cent, while the 50-share NSE Nifty slumped 546.15 points, or 2.36 per cent. Tracking the weak trend in equities, the total market capitalisation of BSE-listed firms fell by Rs 20,78,774.28 crore over four sessions to Rs 4,51,83,393.14 crore from Rs 4,72,62,167.42 crore recorded on October 16. Among the top 10 listed companies, eight lost Rs 1,55,671.9 crore, while two, Tata Consultancy Services and Larsen & Toubro, closed the week with valuation gains. Among major losers, the market valuation of HDFC Bank tumbled Rs 55,506.95 crore to Rs 10,67,121.12 crore. The company's stock fell 5 per cent during the last week. Bajaj Finance's valuation eroded by Rs 34,180.51 crore to Rs 5,77,146.21 crore. The market valuation of
Bajaj Finance and Piramal Finance flag early signs of stress in gold loans as rapid lending growth raises concerns over repayment delays, borrower leverage and defaults
Bajaj Finance's Q2FY27 profit rose 29% to Rs 6,370 crore, with strong loan growth and higher AUM guidance supporting brokerage optimism despite regulatory and margin risks
Indian banks and non-bank lenders have rushed to lend to consumers against their gold holdings as they consider these loans more secure
Bajaj Finance reported a 29 per cent year-on-year (YoY) rise in consolidated net profit to ₹6,367 crore for the July-September quarter of FY27.
Stocks to watch: Eternal, Hindustan Zinc, YES Bank, Bajaj Finance, IREDA, LTTS, RailTel Corporation, Adani Green Energy, Indian Hotels Company, KEI Industries, among others, will be in action today.
The NBFC reported 24% growth in net interest income and a 26% rise in assets under management to Rs 5.85 trillion, while loan losses and provisions increased 4% year-on-year
Q2FY27 company results: Firms including Bajaj Finance, Union Bank of India, Indian Renewable Energy Development Agency (Ireda), HFCL, and Sobha are also to release their July-September earnings today
The NBFC has weighted the increase towards longer tenures, offering up to 7.75 per cent to regular depositors and 8.15 per cent to senior citizens
Bajaj Finance shares gained 4 per cent after the NBFC announced its business update for the second quarter and unveiled a ₹17,500-crore fundraising plan.
The company plans to raise up to ₹117 billion through a QIP and another ₹58 billion through preferential warrants to promoter and holding company Bajaj Finserv
Investment builds on an existing commercial relationship under which Bajaj Finance has deployed TrueFan's platform to generate millions of personalised videos
MOFSL noted that public sector banks continue to command the highest market share in gold loans at 60 per cent as of March 2026.
Strong AUM growth and steady credit demand support the outlook, though higher borrowing costs, competitive intensity and potential rate increases could weigh on margins
MOFSL highlighted that the current earnings recovery is fundamentally different from periods when earnings upgrades were driven primarily by lower-than-expected credit costs.
Bajaj Finance shares have gained 12.56 per cent so far in 2026 and 22.18 per cent in a year. On Friday, the blue-chip NBFC stock was trading flat.
The move aims to curb the risk of evergreening, where borrowers service loans through fresh drawdowns rather than genuine cash flows, according to analysts
Sharp decline in Bajaj Finance shares also weighed on the BSE Financial Services pack, which lost 0.96 per cent in intraday deals.
Bajaj Finance has witnessed a strong bullish breakout backed by robust trading volumes, reflecting renewed buying interest and improving market sentiment.
Motilal Oswal Wealth Management Research Desk recommends 2 stocks each from the large-cap, mid-cap and small-cap segment for August 2026.