Nick Jonas calls Priyanka Chopra a 'saint', says she has never done anything wrong: 'Everyone is...'
Bharat Bandh on July 9: Will schools, colleges, banks remain closed tomorrow? Check details here
'Guru Dutt's legacy is a wound...': Mahesh Bhatt says superstar took 'aching mess' of human life
Indian family of four burns to death in car crash in US, they were from...
Gujarat Titans' star bowler joins Surrey for two matches in County Championship, his name is...
DNA TV Show: Why has UAE introduced new Golden Visa
FIR against RCB star pacer after Ghaziabad woman accused him of sexual harassment
Donald Trump sends letters to two countries, puts 25% tariffs, not China, Russia
Bad news for Elon Musk as Tesla shares decline by nearly 7% after...; net worth tanks to Rs...
Prithvi Shaw officially quits Mumbai after 8 years, joins this team ahead of 2025-26 domestic season
Will India push for BRICS sanctions against Pakistan? China and South Africa may thwart move by...
Why did Wiaan Mulder declare at 367 and not break Brian Lara's record? Check real reason
Pregnant woman ignored painless lump, later diagnosed with THIS rare cancer
Digvesh Rathi to get more salary than IPL 2025 in THIS T20 league, set to play for...
BIG move by Sunil Mittal as he submits bid to acquire 49% stake in...; to spend Rs 6000 crore for...
After first digital census, to be available early, citizens will now be able to...
Tahawwur Rana's BIG confession in NIA custody: 'Trusted by Pakistan Army'
Heartwarming video shows baby elephant reunited with mother in Kaziranga: 'Nature has its...'
Meet woman, daughter of autorickshaw driver, who cleared ICAI CA 2025 exam at 24, secured AIR...
IND vs ENG: Jofra Archer likely to replace THIS bowler in England's Playing XI at Lord's
Akash Deep becomes first bowler in 49 years to achieve THIS Test record after Edgbaston Test
Who owns last iconic Nano car? It has a nickname..., symbolises Ratan Tata's...
'Hagrid is happy': Viral AI video reimagines Harry Potter characters as South Indians, fans go wild
OpenAI's new AI-model GPT-5 to integrate GPT and O-series models; here's what to expect
This 2-Minute skincare trick keeps you fresh all day in 40 degree Celsius heat
A Voice of Reason: How Acharya Prashant challenges modern-day superstitions
Multi Infra Unveils 200 MW Solar Plant, Launching in Ghaziabad
Ravi Narayan Venkatachalam: Transforming how world creates flavors and fragrances
Beyond Compliance: New strategic imperative of pharmaceutical quality
Conquering disability: Way of bed-ridden prince who turned people's healer
What is 'Death Cap Mushroom'? What makes this one of the most poisonous fungi in the world?
Fool Volume Trailer: Vir Das returns with a bang, turns his loss of voice into laughter, watch
Pepe Coin Price Prediction: 3 meme coins with more upside than PEPE in 2025
Against All Odds, Across All Borders: Story of Harsh Patel’s Rise
Meet Vrinda Agarwal, ICAI CA Foundation topper who scored 362 out of 400 marks, she is from...
BUSINESS
Besides the bank, Mukesh Ambani's Reliance Industries, Sunil Mittal's Bharti Airtel also faced erosion in their market cap.
HDFC Bank, India's largest private bank, took the biggest hit last week in line with a bearish trend in the domestic share market. The bank lost Rs 47,075.97 crore in its market valuation in five days from June 9 to June 13 due to a fall in its share prices, PTI reported. Its market cap declined to Rs 14,68,777.88 crore, as on Friday. The shares were closed at Rs 1,919.50 on June 13. Last week, the BSE benchmark tanked 1,070.39 points or 1.30 per cent. Its rival ICICI Bank lost Rs 30,677.44 crore in its market capitalisation (mcap) to Rs 10,10,375.63 crore.
Mcap of 8 most valued firms eroded
The combined market valuation of eight of the top-10 most valued firms eroded by Rs 1,65,501.49 crore last week, including HDFC Bank. Mukesh Ambani's Reliance Industries, HDFC Bank, Sunil Mittal's Bharti Airtel, ICICI Bank, State Bank of India (SBI), Life Insurance Corporation of India (LIC), Bajaj Finance and Hindustan Unilever Ltd also faced erosion.
While Tata Consultancy Services (TCS) and Infosys witnessed net additions in their market valuations. The market valuation of TCS jumped Rs 22,215.06 crore to Rs 12,47,190.95 crore, and the mcap of Infosys climbed Rs 15,578.3 crore to Rs 6,65,318.03 crore.
The valuation of Reliance Industries (RIL) dropped by Rs 21,516.63 crore to Rs 19,31,963.46 crore, and that of India's largest government bank, SBI, eroded by Rs 18,250.85 crore to Rs 7,07,186.89 crore. The mcap of Hindustan Unilever Ltd dived by Rs 16,388.4 crore to Rs 5,44,893.71 crore. India's second-largest telecom firm, Bharti Airtel's valuation declined by Rs 15,481.22 crore to Rs 10,50,413.33 crore, and that of LIC went lower by Rs 13,693.62 crore to Rs 5,93,379.66 crore.
Reliance remained the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance and Hindustan Unilever Ltd. The BSE Sensex ended Friday’s session at 81,167.35, falling 524 points or 0.64%, while the Nifty50 slipped over 150 points, or 0.61%, to close below the key 24,800 mark.