Crude oil prices and geopolitical uncertainty weighed on sentiment, Religare said. Five of India's top-10 firms lost Rs 1 lakh crore in market cap last week.
Five of India's ten most valuable companies lost a combined Rs 1 lakh crore in market capitalisation last week. TCS took the largest hit, its valuation dropping Rs 34,263 crore to Rs 8,53,507 crore.
The BSE Sensex fell 490 points, or 0.62%, over the week. The Nifty lost 205 points, or 0.83%.
"Markets ended the week lower as elevated crude oil prices, renewed geopolitical uncertainty and mixed global cues weighed on investor sentiment," Ajit Mishra, SVP Research at Religare Broking Ltd, said.
The other decliners: Reliance Industries lost Rs 31,869 crore, bringing its market cap to Rs 17,70,056 crore. State Bank of India fell Rs 25,892 crore to Rs 9,85,830 crore. HDFC Bank dropped Rs 7,165 crore to Rs 11,20,802 crore. ICICI Bank slipped Rs 2,793 crore to Rs 10,17,578 crore.
On AlphaScala's proprietary model, HDFC Bank scores 36 out of 100 (Mixed) and ICICI Bank scores 57 (Moderate).
Five other companies in the top-10 pack added value. LIC surged Rs 26,438 crore to Rs 5,23,330 crore. Bharti Airtel rose Rs 20,592 crore to Rs 12,43,016 crore. Bajaj Finance added Rs 3,549 crore to Rs 6,77,197 crore. Larsen & Toubro gained Rs 2,491 crore to Rs 5,58,973 crore. Hindustan Unilever increased Rs 2,079 crore to Rs 4,90,888 crore.
Reliance Industries remains the most valued domestic firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC, and Hindustan Unilever.
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