HDFC Bank, TCS, and SBI’s market capitalization took a hit of nearly Rs 1 lakh crore this week, while RIL and ITC bucked the trend to emerge as winners.

The combined market valuation of four of the top-10 most valued companies in India, including HDFC Bank, ICICI Bank, TCS, and State Bank of India, fell by a collective Rs 96,605.66 crores. HDFC Bank’s valuation dropped by Rs 37,025.46 crores, while ICICI Bank’s fell by Rs 29,324.55 crores. TCS and State Bank of India’s values also declined, resulting in a total loss. On the other hand, Reliance Industries gained Rs 41,138.41 crores, followed by Hindustan Unilever, LIC, Infosys, ITC, and Bharti Airtel, which added value to their respective valuations. The broader market showed a positive trend, with the BSE benchmark index rising 0.66% and the Nifty index increasing 0.80%. Reliance Industries remained the most valued company, followed by TCS, HDFC Bank, and others.