Overview

• Eight of the top ten most valued firms shed a combined Rs1,65,501.49 crore in market valuation last week.
• HDFC Bank’s capitalization plunged by Rs47,075.97 crore to Rs14,68,777.88 crore, marking the steepest decline.
• Reliance Industries retained its position as India’s most valuable company despite a Rs21,516.63 crore drop in its market cap.
• The BSE benchmark fell 1,070.39 points, or 1.30 per cent, underscoring the market’s heightened volatility.
• Tata Consultancy Services and Infosys bucked the downturn with valuation gains of Rs22,215.06 crore and Rs15,578.30 crore respectively.