Top-10 firms lose ₹4.48 lakh cr in mcap; SBI, HDFC Bank biggest laggards

Market Overview - The combined market valuation of the top-10 domestic firms decreased by ₹4.48 lakh crore last week due to a significant decline in equities, primarily affecting State Bank of India and HDFC Bank [1] - The BSE benchmark Sensex fell by 4,354.98 points or 5.51 percent, while the NSE Nifty dropped by 1,299.35 points or 5.31 percent, driven by rising crude prices and concerns over inflation and global economic stability [1] Crude Oil Impact - The primary factor for the market weakness was the sustained rise in crude oil prices, which surpassed $101 per barrel amid escalating conflicts involving Iran, the United States, and Israel, raising concerns about India's fiscal position and inflation outlook [2] Company Valuations - State Bank of India's market valuation decreased by ₹89,306.22 crore to ₹9,66,261.05 crore [4] - HDFC Bank's valuation fell by ₹61,715.32 crore to ₹12,57,391.76 crore [4] - Bajaj Finance's market valuation dropped by ₹59,082.49 crore to ₹5,32,053.54 crore [4] - Tata Consultancy Services (TCS) saw a decline of ₹53,312.52 crore in its valuation, bringing it to ₹8,72,067.63 crore [4] - ICICI Bank's market capitalization fell by ₹42,205.04 crore to ₹8,97,844.78 crore [5] - Bharti Airtel's valuation plunged by ₹38,688.78 crore to ₹10,28,431.72 crore [5] - Reliance Industries experienced a decrease of ₹33,289.88 crore, resulting in a valuation of ₹18,68,293.17 crore [5] - LIC's market capitalization diminished by ₹31,245.49 crore to ₹4,88,985.57 crore [5] - Infosys saw a decline of ₹24,230.96 crore in its valuation, now at ₹5,06,315.58 crore [5] - Hindustan Unilever's market capitalization dipped by ₹15,401.57 crore to ₹5,07,640.94 crore [5] Company Rankings - Reliance Industries remains the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Hindustan Unilever, Infosys, and LIC [6]