Market Recap: Rs 1.75 Lakh Crore Lost by 7 of Top-10 Firms

India’s top companies had a rough week as the stock market closed lower. In this short trading session, the world's 10 largest companies lost approximately $1.75 trillion in market value, based on their individual market capitalisations. In terms of market capitalisation loss, Reliance Industries was the biggest loser at ₹89,720 crores. The second largest market cap loser was HDFC Bank at ₹37,248 crores, followed closely by State Bank of India at ₹35,399 crores.This week ended with losses for the entire market. The BSE Sensex decreased by 950 (1.27%) and the NSE Nifty decreased by 295 (1.27%). "The market was volatile for most of the week," said Ajit Mishra, Senior VP of Research for Religare Broking. “Global cues were mixed and rising geopolitical

tensions in the Middle East kept investors nervous,” he said. The week started with selling pressure triggered by fears of oil supply disruptions due to the West Asia conflict, a sharply weaker rupee that touched a record low, and overall market volatility. There was some recovery mid-week when hopes grew for a temporary easing of tensions between the US and Iran.However, fresh selling on Friday erased those gains and dragged the indices lower again.Here’s how the top 10 companies performed:Biggest Losers:Reliance Industries: - Rs 89,720 croreHDFC Bank: - Rs 37,248 croreState Bank of India: - Rs 35,399 croreICICI Bank: - Rs 8,122 croreBharti Airtel: - Rs 2,480 croreHindustan Unilever: - Rs 2,091 croreTata Consultancy Services: - Rs 271 croreGainers:Larsen & Toubro: + Rs 18,052 croreBajaj Finance: + Rs 8,680 croreInfosys: + Rs 6,245 croreReliance Industries remained the most valuable company at the end of the week, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Infosys, Larsen & Toubro, and Hindustan Unilever.The major cause of the week’s decline was the uncertainty surrounding the conflict in the Middle East; fears regarding oil price increases and the Indian rupee’s continued pressure put investors in a cautious mood as geopolitical risks continue to negatively impact market sentiment.