Eight of India's 10 most valuable listed companies lost a combined Rs 1,55,671.9 crore in market capitalisation last week in a broad-based sell-off, with HDFC Bank and Bajaj Finance accounting for the largest losses, IANS reported on Sunday.

The fall came in a holiday-shortened trading week in which the BSE Sensex tumbled 1,605.44 points, or 2.15 per cent, and the NSE Nifty slumped 546.15 points, or 2.36 per cent, according to the market data reported by IANS and PTI.

Source: IANS via Tripura Times

Rs 1,55,671.9 croreCombined loss of 8 of top-10 firms
-2.15%Sensex fall last week
-2.36%Nifty fall last week
Rs 20.79 lakh croreFall in total BSE market cap over four sessions

Tracking the weak trend, the total market capitalisation of all BSE-listed companies fell by Rs 20,78,774.28 crore over four sessions to Rs 4,51,83,393.14 crore, from Rs 4,72,62,167.42 crore recorded on October 16, The Hindu BusinessLine reported.

Source: The Hindu BusinessLine (PTI)

HDFC Bank and Bajaj Finance lead the fall

HDFC Bank recorded the sharpest erosion, with its market capitalisation falling by Rs 55,506.95 crore to Rs 10,67,121.12 crore as its shares fell around 5 per cent during the week. Bajaj Finance was the second-largest loser, dropping Rs 34,180.51 crore to Rs 5,77,146.21 crore.

Reliance Industries lost Rs 27,065.08 crore to Rs 16,10,372.11 crore, Life Insurance Corporation of India (LIC) fell Rs 21,062.24 crore to Rs 4,81,142.58 crore, and Bharti Airtel shrank by Rs 9,360.75 crore to Rs 11,79,454.70 crore. State Bank of India, Infosys and ICICI Bank also ended the week lower, reports said.

TCS and L&T buck the trend

Tata Consultancy Services (TCS) and Larsen & Toubro were the only two firms in the top-10 club to gain. TCS added Rs 23,517.56 crore to reach Rs 9,14,652.52 crore, while L&T climbed Rs 1,788.66 crore to Rs 5,01,513.72 crore, CNBC-TV18 data reported by TradingView showed.

Source: CNBC-TV18 via TradingView

Despite the weekly decline, Reliance Industries remained India's most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, TCS, State Bank of India, Bajaj Finance, L&T, LIC and Infosys, reports said. Market capitalisation is calculated from share prices and shares in issue, so a fall reflects a lower market valuation, not cash leaving a company's accounts.