The companies which were the pride of the Indian stock market till yesterday, are today seen struggling to save their place on the global stage. Continuous selling by foreign investors and increasing geo-political tension at the international level have given a big blow to the valuations of Indian ‘blue-chip’ companies. The situation is that many big Indian names have completely disappeared from the list of the world’s 500 most valuable companies.
Which veterans were discharged?
Statistics are testifying that the dominance of Indian companies in the global market has reduced. While 18 Indian names were included in the world’s top-500 companies in September 2024, this number has come down to 15 in the beginning of 2026. Now, in the latest circumstances, only 11 Indian companies have been able to save their place in this elite list.
Since the beginning of this year, well-known companies like ITC, HCL Tech, Sun Pharma and Mahindra & Mahindra (M&M) have been out of this list. Earlier, from September 2024 onwards, NTPC, Maruti Suzuki and Tata Motors had also seen their way out of this global list. The 11 companies that are left in the list (including SBI and Bharti Airtel) have also seen a huge decline in their ranking.
| Company | current rank | Rank in early 2026 | Rank in September 2024 |
| RIL(Reliance) | 84 | 73 | 55 |
| HDFC Bank | 148 | 96 | 105 |
| Bharti Airtel | 183 | 169 | 155 |
| SBI | 228 | 230 | 238 |
| ICICI Bank | 247 | 168 | 175 |
| TCS | 260 | 83 | 83 |
| Bajaj Finance | 446 | 438 | 388 |
| HUL | 473 | 334 | 248 |
| Infosys | 481 | 197 | 205 |
| LIC | 486 | 326 | 279 |
| L&T | 493 | 369 | 363 |
| ITC | NA | 295 | 275 |
| HCL Tech | NA | 354 | 382 |
| Sun Pharma | NA | 410 | 397 |
| M&M | NA | 499 | 492 |
| NTPC | NA | NA | 434 |
| Maruti Suzuki | NA | NA | 452 |
| Tata Motors | NA | NA | 477 |
What is the real reason for this outcry in the market?
There is no single reason behind this huge decline. This is a combination of several global and domestic factors that are directly impacting our economy and your investments:
- Geo-political tension: The ongoing sour relations between America, Israel and Iran have spoiled the mood of the markets all over the world.
- Crude Oil Fire: Due to this tension, crude oil prices have crossed $100 per barrel. Since India imports 85-90% of its crude oil requirement, rising oil prices are a big risk for our economy.
- Indifference of foreign investors: Due to expensive valuations of Indian companies and slow earnings growth, foreign investors are continuously withdrawing their money.
Due to all these reasons, till now in the year 2026, both Sensex and Nifty 50 have fallen by more than 10-10 percent. At the same time, BSE Midcap has slipped more than 9% and Smallcap has slipped more than 12%.
Where does India stand on the world map?
If we talk about global market cap, at present America continues to dominate. Of the world’s 500 most valuable companies, 254 are from America alone. After this comes China (41), Japan (34), France and Canada (20-20), Britain (18) and Germany (15). India is now far down in this list with only 11 companies.
If we look at the world’s largest companies, Nvidia remains the world’s most valuable company with a market cap of $4.45 lakh crore. After this, Apple is at second place with $3.71 lakh crore and Google is at third place with $3.7 lakh crore. After this comes Microsoft, Amazon, Aramco and Meta platforms.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.