Sensex, Nifty Slide as Top Firms Shed ₹1.55 Lakh Crore in Value

Mumbai, October 25

India's stock market witnessed broad-based selling in the past week, causing eight of the country's top ten companies by market value to collectively lose ₹1,55,671.9 crore.

The short trading week, due to holidays, did little to ease the pressure. The Sensex closed 1,605.44 points lower, down 2.15 per cent, and the Nifty dropped 546.15 points, or 2.36 per cent.

Across all companies listed on the BSE, the market capitalisation dropped by ₹20.79 lakh crore in four trading sessions, moving from ₹472.62 lakh crore on October 16 to ₹451.83 lakh crore.

HDFC Bank was the most affected stock in terms of market value. Its capitalisation declined ₹55,506.95 crore to ₹10.67 lakh crore, as its shares fell roughly 5 per cent during the week. Bajaj Finance came next, with a loss of ₹34,180.51 crore, leaving its valuation at ₹5.77 lakh crore.

Reliance Industries' market capitalisation fell ₹27,065.08 crore to ₹16.10 lakh crore. LIC also saw a significant reduction of ₹21,062.24 crore, with its valuation at ₹4.81 lakh crore.

Bharti Airtel's valuation declined by ₹9,360.75 crore to ₹11.79 lakh crore, while SBI's dropped ₹4,338.46 crore to ₹8.83 lakh crore.

Infosys lost ₹2,881.38 crore in market value, ending at ₹4.69 lakh crore, and ICICI Bank's market capitalisation fell ₹1,276.53 crore to ₹10.02 lakh crore.

TCS and L&T were the exceptions. TCS's market capitalisation rose by ₹23,517.56 crore to ₹9.15 lakh crore, and L&T gained ₹1,788.66 crore, taking its valuation to ₹5.02 lakh crore.