Last week, eight of the top 10 most valuable companies had a total market valuation of Rs. 1.55 lakh crore was reduced. The biggest losers were HDFC Bank and Bajaj Finance. In the holiday-shortened week, the 30-share BSE Sensex fell 1,605.44 points (or 2.15%), while the 50-share NSE Nifty shed 546.15 points (or 2.36%). Due to the weakness in the stock market, the total market capitalization of BSE-listed companies in four trading sessions fell by Rs. 20,78,774.28 crores has decreased. On October 16, it was Rs. 4,72,62,167.42 crore, which has now reduced to Rs. 4,51,83,393.14 crores. Eight of the top 10 listed companies received Rs. 1,55,671.9 crore in losses, while the market valuations of two companies – Tata Consultancy Services (TCS) and Larsen & Toubro (L&T) – rose this week.

Big loss to these companies

Among the biggest losers is HDFC Bank, which has a market valuation of Rs. 55,506.95 crore reduced to Rs. 10,67,121.12 crores. The company’s shares fell 5% last week.
Bajaj Finance, the country’s largest NFC company, has a market valuation of Rs. 34,180.51 crore reduced to Rs. 5,77,146.21 crores.
Reliance Industries, the country’s largest company, has a market valuation of Rs. 27,065.08 crore reduced to Rs. 16,10,372.11 crores.
The country’s largest insurance company Life Insurance Corporation of India (LIC) has a market valuation of Rs. 21,062.24 crore reduced to Rs. 4,81,142.58 crores.

Bharti Airtel, one of the largest telecom companies in the country, has a market capitalization (mcap) of Rs. 9,360.75 crore reduced to Rs. 11,79,454.70 crores.
State Bank of India, the country’s largest government lender, is valued at Rs. 4,338.46 crores down to Rs. 8,83,384.38 crores.
Infosys, one of the largest IT companies in the country, has an mcap of Rs. 2,881.38 crores down to Rs. 4,68,528.03 crores.
ICICI Bank, the country’s second largest private lender, has an MCap of Rs. 1,276.53 crore reduced to Rs. 10,01,594.91 crores.
At the same time, Tata Consultancy Services (TCS), one of the country’s largest IT companies, was valued at Rs. 23,517.56 crore increased to Rs. 9,14,652.52 crores.
Country’s largest infra company Larsen & Toubro (L&T) has an mcap of Rs. 1,788.66 crore to Rs. 5,01,513.72 crores.