Last week, four out of the top 10 most valuable firms experienced a combined loss of Rs 56,006.15 crore in market valuation, with HDFC Bank and HDFC bearing the biggest impact. In contrast, Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever Limited, ITC, and Infosys saw gains, with a combined increase of Rs 44,540.05 crore in their market capitalisation.
The 30-share BSE benchmark fell by 58.15 points or 0.09 per cent during the same period. Reports of significant fund outflows from the merged HDFC entity led to a sharp decline in the shares of HDFC twins on Friday. The market capitalisation of HDFC Bank decreased the most among the top 10 firms, dropping by Rs 34,547.61 crore to Rs 9,07,505.07 crore.
HDFC and Bharti Airtel also saw a decline in their mcap by Rs 13,584.9 crore to Rs 4,95,541.41 crore and Rs 6,356.46 crore to Rs 4,39,153.22 crore, respectively. The market capitalisation of State Bank of India also decreased by Rs 1,517.18 crore to Rs 5,14,370.01 crore.
