HDFC Bank, TCS, and SBI experience a sharp decline in market capitalization, totalling a staggering ₹1 lakh crore, while RIL and ITC lead the rally with significant gains.

The market valuation of four of India’s top-10 most valued companies – HDFC Bank, ICICI Bank, TCS, and SBI – declined significantly this week, resulting in a collective loss of ₹96,605.66 crore. HDFC Bank’s market capitalization fell the most, losing ₹37,025.46 crore, followed by ICICI Bank’s decline of ₹29,324.55 crore. TCS and SBI also saw declines of ₹24,856.26 crore and ₹5,399.39 crore, respectively. On the other hand, Reliance Industries gained ₹41,138.41 crore to become the most valued company, while ITC added ₹3,878.63 crore to its valuation. Other notable gainers included Hindustan Unilever, LIC, Infosys, and Bharti Airtel. The broader market also reflected a positive sentiment, with the BSE benchmark index rising 0.66% and the Nifty index climbing 0.80%. This week’s performance highlights the dynamic nature of equity valuations, where companies’ rankings continue to shift as a result of gains and losses.