Market rout wipes ₹2.81-lakh cr off top 10 most valued firms

The combined market valuation of eight of the top-10 most-valued firms eroded by ₹2,81,581.53 crore last week, with the State Bank of India taking the biggest hit, in tandem with a weak trend in equities.

Last week, the BSE benchmark tanked 2,368.29 points, or 2.91 per cent.

"Markets ended the holiday-shortened week with steep losses as escalating geopolitical tensions in West Asia and a sharp spike in crude oil prices weighed heavily on investor sentiment," Ajit Mishra, SVP, Research, Religare Broking Ltd, said.

From the top-10 pack, Reliance Industries and Infosys were the only gainers.

The market valuation of State Bank of India tumbled ₹53,952.96 crore to ₹10,55,567.27 crore.

ICICI Bank's valuation eroded by ₹46,936.82 crore to ₹9,40,049.82 crore and that of HDFC Bank dived ₹46,552.3 crore to ₹13,19,107.08 crore.

The valuation of Larsen & Toubro tanked ₹45,629.03 crore to ₹5,43,208.36 crore.

The market capitalisation (mcap) of Bajaj Finance dropped by ₹28,934.56 crore to ₹5,91,136.03 crore and that of Tata Consultancy Services (TCS) diminished by ₹28,492.44 crore to ₹9,25,380.15 crore.

Hindustan Unilever's mcap declined by 26,350.67 crore to Rs 5,23,042.51 crore and that of Bharti Airtel edged lower by ₹4,732.75 crore to ₹10,67,120.50 crore.

However, the market valuation of Reliance Industries jumped ₹14,750.39 crore to ₹19,01,583.05 crore.

The mcap of Infosys climbed ₹3,459.99 crore to ₹5,30,546.54 crore.

Reliance Industries remained the most valued domestic firm followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Infosys, and Hindustan Unilever.

Published on March 8, 2026