Last week, India’s top 10 most valued listed companies lost a combined ₹1,65,180.04 crore in market valuation due to a holiday-shortened week. The banking sector majors HDFC Bank and State Bank of India (SBI) took the biggest hits, with HDFC Bank’s market valuation declining by ₹46,729.51 crore and SBI’s by ₹34,984.51 crore. Other companies that lost significant value include Hindustan Unilever (HUL), Reliance Industries (RIL), ITC, Bharti Airtel, and Life Insurance Corporation of India (LIC). The market downturn was attributed to mounting concerns over rising CPI inflation and disappointing corporate earnings. Only two companies, Infosys and Tata Consultancy Services (TCS), saw their market valuation increase, with Infosys gaining ₹13,681.37 crore and TCS adding ₹416.08 crore. The BSE benchmark Sensex fell by 1,906.01 points or 2.39% during the week.

Source: https://www.livemint.com/market/stock-market-news/mcap-top-10-firms-eight-lose-rs-1-lakh-crore-two-gain-indian-stock-markets-news-valuation-equities-hdfc-sbi-ril-infosys-11731819761768.html