Top Indian Firms' Market Cap Dips ₹35,439 Cr; SBI Leads Losses
Seven of India's top-10 most valued companies saw their combined market capitalization decline by ₹35,439 crore last week. State Bank of India (SBI) emerged as the biggest laggard, losing over ₹12,692 crore, amidst a muted trend in the equities market. HDFC Bank, Infosys, and Bharti Airtel bucked the trend with gains.
- Seven of top-10 firms lost ₹35,439 crore in market cap.
- State Bank of India (SBI) recorded the largest decline of ₹12,692 crore.
- Reliance Industries, TCS, Bajaj Finance also faced valuation erosion.
- HDFC Bank, Infosys, and Bharti Airtel posted gains.
- Overall market trend was muted in a holiday-shortened week.
- Reliance Industries retained its position as India's most valued firm.
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