Bearish trends in domestic equities kept the market on a downward trend last week, with the BSE benchmark tanking 1,070.39 points or 1.30 per cent.
The combined market valuation of eight of the top-10 most valued firms also eroded by ₹1,65,501.49 crore, with HDFC Bank taking the biggest hit, going down by ₹47,075.97 crore to ₹14,68,777.88 crore.
Next to face losses was the ICICI Bank, whose market capitalisation (mcap) tumbling ₹30,677.44 crore to ₹10,10,375.63 crore.
The valuation of Reliance Industries dropped by ₹21,516.63 crore to ₹19,31,963.46 crore, and that of the State Bank of India eroded by ₹18,250.85 crore to ₹7,07,186.89 crore. The mcap of Hindustan Unilever Ltd dived by ₹16,388.4 crore to ₹5,44,893.71 crore.
Apart from HDFC Bank, ICICI Bank, State Bank of India, Hindustan Lever, Reliance Industries, others to nosedive were Bharti Airtel, Bajaj Finance, and Life Insurance Corporation of India (LIC).
Bharti Airtel's valuation declined by ₹15,481.22 crore to ₹10,50,413.33 crore and that of LIC went lower by ₹13,693.62 crore to ₹5,93,379.66 crore.
The mcap of Bajaj Finance dipped ₹2,417.36 crore to ₹5,80,052.09 crore.
However, some witnessed net additions in their market valuations, including Tata Consultancy Services (TCS) and Infosys, with the market valuation of TCS jumping ₹22,215.06 crore to ₹12,47,190.95 crore, and the mcap of Infosys climbing ₹15,578.3 crore to ₹6,65,318.03 crore.
In the top-10 list, Reliance Industries Ltd had remained the most-valued firm followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance and Hindustan Unilever Ltd.
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