Mcap of nine of top-10 most valued firms erodes by Rs 2.74 lakh cr; HDFC Bank takes biggest hit

Nine of the top-10 most valued Indian firms saw a combined market cap erosion of Rs 2.74 lakh crore last week, with HDFC Bank taking the biggest hit of Rs 1,18,383.91 crore after its shares fell 9.40 per cent on margin concerns. The BSE Sensex tanked 2,091.68 points (2.67 per cent) and the NSE Nifty declined 566.85 points (2.32 per cent), driven by a sharp surge in crude oil prices, renewed geopolitical tensions, weak rupee, and mixed Q1 FY27 earnings for banking stocks. Reliance Industries remained the most valued firm, while Hindustan Unilever was the only gainer in the top-10 pack.