Rs 24,00,000 cr gone in 5 sessions: Tata, Reliance & Bharti Groups bear the brunt of selloff

The selloff in Indian equity markets has wiped out Rs 24 lakh crore of investor wealth in April. The Tata Group alone saw its market capitalisation erode by nearly Rs 2.08 lakh crore in April, taking its year-to-date loss to Rs 5.58 lakh crore.

The Mukesh Ambani-led Reliance Group wasn’t spared either. Its market cap has fallen by Rs 1.29 lakh crore since April 1 and by Rs 1.34 lakh crore from the beginning of the year.

Among the top corporate groups, the Bajaj Group emerged as a rare gainer in 2025. It added Rs 87,000 crore in market value so far this year and has now overtaken the Adani Group to become India’s third-most valuable business house, after Tata and Reliance.

The Bajaj Group’s current market cap stands at Rs 12.73 lakh crore, compared with Adani Group’s Rs 11.94 lakh crore. The Gautam Adani-owned conglomerate lost Rs 1.26 lakh crore in market value this year.

Bharti Group, the only other entity among the top 15 business houses to have gained market cap in 2025 until Marchend, has lost Rs 74,000 crore in April so far. Other groups such as Aditya Birla, JSW, HCL have lost nearly Rs 40,000 crore each in April, while Anil Agarwal-led Vedanta’s market cap fell Rs 53,000 crore.