New Delhi, Mar 15 HDFC Bank lost ₹61,715 crore in market valuation during the week as a sharp sell-off in equities wiped out ₹4.48 lakh crore from the combined market capitalisation of India’s top-10 most valued companies.
The decline came amid a turbulent week for the markets, with the BSE Sensex and NSE Nifty 50 recording steep losses.
Rising crude oil prices, inflation concerns and escalating tensions in West Asia dampened investor sentiment and triggered broad-based selling across sectors.
During the week, the Sensex plunged 4,354.98 points, or 5.51 per cent, while the Nifty fell 1,299.35 points, or 5.31 per cent.
Among the biggest losers, State Bank of India recorded the steepest erosion, with its market capitalisation declining by ₹89,306.22 crore to ₹9,66,261.05 crore.
The valuation of Bajaj Finance fell by ₹59,082.49 crore to ₹5,32,053.54 crore, while IT major Tata Consultancy Services lost ₹53,312.52 crore in market value to ₹8,72,067.63 crore.
Similarly, ICICI Bank saw its market capitalisation decline by ₹42,205.04 crore to ₹8,97,844.78 crore, while telecom operator Bharti Airtel lost ₹38,688.78 crore, taking its valuation to ₹10,28,431.72 crore.
Energy major Reliance Industries witnessed a fall of ₹33,289.88 crore in market value to ₹18,68,293.17 crore, though it retained its position as India’s most valued company.
The market capitalisation of Life Insurance Corporation of India declined by ₹31,245.49 crore to ₹4,88,985.57 crore, while Infosys lost ₹24,230.96 crore to ₹5,06,315.58 crore.
Meanwhile, FMCG major Hindustan Unilever saw its valuation fall by ₹15,401.57 crore to ₹5,07,640.94 crore.
