Market cap of 7 out of top 10 Sensex companies drops by Rs 77,434.98 crore, ITC takes the hardest hit!

Indian stock market experienced a week of selling pressure, with BSE's 30-share Sensex witnessing a significant loss of 524.06 points, amounting to 0.78 percent. As a result of this market downturn, the market capitalization (market cap) of seven out of the top 10 Sensex companies took a hit, declining by a substantial Rs 77,434.98 crore. Notably, ITC and HDFC Bank emerged as the biggest losers during this period.

The market valuation of several prominent companies declined last week. Reliance Industries, HDFC Bank, TCS, ICICI Bank, Hindustan Unilever, ITC, and Bajaj Finance all saw their market cap decrease. On the contrary, three companies, namely Infosys, SBI, and Bharti Airtel, experienced an increase in their market positions.

Among the top performers, ITC's market capitalization dipped by Rs 26,192.05 crore, settling at Rs 5,83,732.19 crore. HDFC Bank's market valuation suffered a loss of Rs 22,747.89 crore, reaching Rs 12,40,322.63 crore. Similarly, Bajaj Finance's market cap declined by Rs 12,127.47 crore, standing at Rs 4,47,298.52 crore

. Reliance Industries' market cap also witnessed a decrease of Rs 5,818.43 crore, amounting to Rs 17,10,076.74 crore. Additionally, TCS's market capitalization experienced a decline of Rs 5,214.15 crore, reaching Rs 12,27,739.80 crore.

Hindustan Unilever's market valuation saw a dip of Rs 4,417.23 crore, standing at Rs 6,07,369.34 crore. Meanwhile, ICICI Bank's market cap declined by Rs 917.76 crore, reaching Rs 6,96,495.74 crore. In contrast, Bharti Airtel's market capitalization saw a boost, increasing by Rs 5,643.3 crore, reaching Rs 5,00,369.30 crore. Similarly, Infosys' market valuation rose by Rs 4,129.44 crore, reaching Rs 5,56,271.03 crore. Additionally, SBI's market capitalization witnessed an increase of Rs 981.71 crore, settling at Rs 5,49,800.72 crore.