TBC Bank recorded a loss of 69.7 billion soms in the first nine months of 2026

In the week shortened due to holidays, the market capitalization of eight out of the ten most valuable companies decreased by 1.55 trillion rupees, with HDFC Bank and Bajaj Finance contributing the largest share to the losses.

During this week, the BSE Sensex index, comprising 30 stocks, fell by 1,605.44 points, representing 2.15 percent, while the NSE Nifty index, which includes 50 stocks, declined by 546.15 points or 2.36 percent.

Tracking the weak trend in the stock market, the total market capitalization of companies listed on the BSE decreased by 20,78,774.28 crores over four trading sessions, amounting to 4,51,83,393.14 crores compared to 4,72,62,167.42 crores recorded on October 16.

Among the ten largest companies, eight lost 1,55,671.9 crores, while Tata Consultancy Services and Larsen & Toubro finished the week with an increase in value.

Major Losing Companies

Among the main participants in the losses, the market value of HDFC Bank sharply decreased by 55,506.95 crores, reaching 1,067,121.12 crores. The company's shares fell by 5 percent in the last week.

Similarly, the value of Bajaj Finance decreased by 34,180.51 crores, totaling 577,146.21 crores. The market value of Reliance Industries dropped by 27,065.08 crores to 1,610,372.11 crores, and Life Insurance Corporation of India (LIC) lost 21,062.24 crores, amounting to 481,142.58 crores.

The market capitalization of Bharti Airtel fell by 9,360.75 crores to 1,179,454.70 crores. The value of State Bank of India decreased by 4,338.46 crores, totaling 883,384.38 crores. Furthermore, Infosys's capitalization declined by 2,881.38 crores to 468,528.03 crores, and ICICI Bank lost 1,276.53 crores, amounting to 1,001,594.91 crores.

Companies Showing Growth

Meanwhile, the value of Tata Consultancy Services (TCS) increased by 23,517.56 crores, reaching 914,652.52 crores. The market capitalization of Larsen & Toubro (L&T) grew by 1,788.66 crores, reaching 501,513.72 crores.

Reliance Industries was the most expensive company, followed by Bharti Airtel, HDFC Bank, ICICI Bank, TCS, State Bank of India, Bajaj Finance, L&T, Life Insurance Corporation of India, and Infosys.

Swiggy presented its results for the second quarter of the fiscal year 27. Consolidated operating revenue reached 7,571 crore rupees for the period from July to September, which is higher than the 5,561 crore rupees recorded in the same quarter last year.

For the September quarter of FY27, the company reported a consolidated net loss of 922 crore rupees, a decrease compared to 1,092 crore rupees the previous year. Meanwhile, revenue from operations increased by 36.1 percent year-over-year, reaching 7,571 crore rupees, as the company announced on Thursday.

Total expenses for the food and quick commerce delivery platform rose to 8,703 crore rupees from 6,711 crore rupees in the quarter a year ago, exceeding the revenue growth rate and leaving the company in the red. Total income grew to 7,783 crore rupees from 5,620 crore rupees.

The food delivery segment showed improved profitability. Gross Order Value (GOV) for this vertical grew by 17.7 percent year-over-year to 10,054 crore rupees, and adjusted EBITDA increased by 101 crore rupees to 341 crore rupees. The adjusted EBITDA margin in this segment stood at 3.4 percent of GOV.

The dine-out business demonstrated a 34.9 percent year-over-year growth in GOV, reaching 1,508 crore rupees, and achieved profitability for the seventh consecutive quarter, with an adjusted EBITDA margin of 0.5 percent of GOV.

Meanwhile, the quick commerce platform Instamart continued to expand. Its Net Order Value (NOV) increased by 31.4 percent year-over-year and by 13.4 percent sequentially, reaching 6,954 crore rupees. In the quarter, Instamart added 69 dark stores, bringing the total number of stores to 1,240.

Instamart's contribution margin was -1 percent of GOV, an improvement of 157 basis points year-over-year but a decline of 82 basis points sequentially. The business reported a loss of 895 crore rupees for the quarter, while its adjusted EBITDA margin slightly improved to -9.7 percent from -9.8 percent in the previous quarter.

Commenting on these results, Swiggy's Managing Director and Group CEO, Sriharsha Majety, stated: 'Our food delivery business delivered the highest profit and margin in its history, while we continue to unlock new category growth through Toing, our proprietary offering of affordable meals.'

He added that accelerated expansion had been achieved in the quick commerce space, as planned, and the necessary approval had been obtained to qualify as an India-owned and controlled company—a significant milestone for the business, the transition of which is underway.

Majety noted that the company believes differentiation will determine the winners in the quick commerce market, where speed and selection are becoming 'basic prerequisites'. He also emphasized that Swiggy views assortment as a curation exercise rather than a volume increase, aiming to allow consumers to buy better, not just offer more.