Top Firms Lose Rs 35,439 Cr Market Cap; SBI Hit Hardest

• Seven of the top-10 most valued firms saw their combined market cap decline by Rs 35,439.36 crore last week.
• State Bank of India (SBI) was the biggest laggard, losing Rs 12,692.1 crore in valuation.
• Reliance Industries, TCS, ICICI Bank, Bajaj Finance, Larsen & Toubro, and LIC also faced erosion.
• HDFC Bank, Bharti Airtel, and Infosys bucked the trend with gains in market valuation.
• Despite declines, Reliance Industries remained the most valued firm.

Why It Matters: Seven top firms lost Rs 35,439 Cr in market cap last week, with SBI being the biggest loser.