{
  "id": 14077025,
  "title": "Top 10 blue-chips’ share of India’s m-cap drops to lowest since 2017",
  "url": "https://urgent.news/2026/10/12/top-10-blue-chips-share-of-indias-m-cap-drops-to-lowest-since-2017",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T23:58:48.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/blue-chips-get-the-blues-top-10s-mcap-share-hits-decade-low/articleshow/134905097.cms"
  },
  "original_language": "en",
  "account": "India's top 10 blue-chip stocks have seen their collective market share plummet to a decade-low, mainly due to heavy foreign selling and poor performance. In October 9, these firms held 17.65% of the total market capitalization, the lowest since January 2017. Their combined market cap stood at ₹84.84 lakh crore, down from ₹480.82 lakh crore earlier. Foreign Portfolio Investors (FPIs) have been selling large-cap stocks aggressively, withdrawing over ₹3 lakh crore from Indian markets since 2026, with the top 10 firms accounting for nearly 60-70% of this selling. Also contributing to the decline is the weaker Indian rupee. The concentration of market value among the largest companies has been steadily decreasing in recent years, from 25% at the start of 2023 to 21% in January 2025. Meanwhile, domestic flows have bolstered the smaller companies. As a result, their share in the total market capitalisation rose to 20.6% and 23.1% respectively for small- and mid-cap companies in September 2026, up from around 18% at the start of 2024. The shift indicates changing investor sentiments towards emerging opportunities in sectors like public infrastructure. Reliance Industries, India's largest company, has declined 26% this year, while HDFC Bank and Bharti Airtel have fallen 27% and 15% respectively. Large-cap fatigue is largely due to the underperformance of traditional index heavyweights.",
  "summary": "India's top 10 listed blue-chip companies are experiencing a decline in market capitalisation share. This decline is attributed to sustained foreign portfolio investor selling and large-cap stock underperformance. The top 10 companies now account for around 17.65% of the total market capitalisation as of October 9. Despite this, domestic flows are supporting the broader market and smaller…",
  "key_points": [
    "Top 10 blue-chip stocks' market share at 17.65%, lowest since 2017",
    "Foreign Portfolio Investors withdrew over ₹3 lakh crore from Indian markets since 2026",
    "Domestic flows bolstered smaller companies, increasing their market share"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}