Market recap: Mcap of top-10 firms erodes Rs 4.48 lakh crore; SBI, HDFC Bank see sharpest fall

The fall in company valuations mirrored the broader weakness in the stock market. During the week, the BSE Sensex slumped by 4,354.98 points, a drop of 5.51%, while the NSE Nifty declined by 1,299.35 points, or 5.31%. The downturn came as rising crude oil prices heightened concerns about inflation and global economic stability amid the widening conflict in West Asia. "The primary driver behind the market weakness was the sustained rise in crude oil prices following the escalating conflict between Iran, the ...