Market rout wipes ₹2.81-lakh cr off top 10 most valued firms

Market Valuation Changes - The combined market valuation of eight of the top-10 most-valued firms decreased by ₹2,81,581.53 crore last week, with the State Bank of India experiencing the largest decline [1] - The BSE benchmark index fell by 2,368.29 points, or 2.91 percent, indicating a weak trend in equities [1] Individual Company Valuations - The market valuation of State Bank of India dropped by ₹53,952.96 crore to ₹10,55,567.27 crore [2] - ICICI Bank's valuation decreased by ₹46,936.82 crore to ₹9,40,049.82 crore, while HDFC Bank's valuation fell by ₹46,552.3 crore to ₹13,19,107.08 crore [3] - Larsen & Toubro's market valuation declined by ₹45,629.03 crore to ₹5,43,208.36 crore [3] - Bajaj Finance's market capitalization fell by ₹28,934.56 crore to ₹5,91,136.03 crore, and Tata Consultancy Services (TCS) saw a decrease of ₹28,492.44 crore to ₹9,25,380.15 crore [3] - Hindustan Unilever's market capitalization decreased by ₹26,350.67 crore to ₹5,23,042.51 crore, while Bharti Airtel's valuation edged lower by ₹4,732.75 crore to ₹10,67,120.50 crore [4] Gainers in the Market - In contrast, Reliance Industries' market valuation increased by ₹14,750.39 crore to ₹19,01,583.05 crore, making it the most valued domestic firm [5] - Infosys' market capitalization rose by ₹3,459.99 crore to ₹5,30,546.54 crore [5] - The ranking of the most valued firms is led by Reliance Industries, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Infosys, and Hindustan Unilever [5]