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Top-10 Firms Lose ₹2.74 Lakh Crore in Market Value

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The combined market valuation of nine of India's 10 most-valued companies eroded by ₹2.74 lakh crore last week, with HDFC Bank taking the biggest hit.

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Top-10 Firms Lose ₹2.74 Lakh Crore in Market Value

The combined market valuation of nine of India's 10 most-valued companies eroded by ₹2.74 lakh crore last week, with HDFC Bank taking the biggest hit. The BSE benchmark Sensex plunged 2,091.68 points, or 2.67%, while the NSE Nifty declined 566.85 points, or 2.32%. The market volatility was driven by concerns over the economy and the impact of the US-Iran war on global markets. The decline in market value is a reflection of the uncertainty in the global economy and the impact of the war on India's markets. The government is expected to take steps to stabilize the market and boost investor confidence.

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HDFC Bank leads Rs 2.74 lakh crore market value erosion among top firms

Nine of India’s top-10 most valued firms saw their combined market valuation erode by Rs 2.74 lakh crore last week, driven by a bearish trend in equities. The BSE Sensex fell by 2,091.68 points (2.67%), while the NSE Nifty declined by 566.85 points (2.32%) during the same period. HDFC Bank accounted for the largest individual loss within the group. Market analysts attributed the downturn to global macroeconomic concerns and profit-booking by investors. The decline marked a significant correction in India’s benchmark indices.

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