Market sentiment also remained weak, with the 30-share BSE Sensex down 2,090.2 points, or 2.7%, while the 50-share NSE Nifty fell 532.65 points, or 2.2%.“Markets ended the week lower, emerging from a three-week consolidation phase amid ongoing geopolitical tensions in West Asia, persistent weakness in the rupee, and rising inflationary concerns,” Ajit Mishra, senior vice president of research at Religare Broking Ltd, told PTI.He added that the rise in crude oil prices above the level of $105 per barrel exacerbated concerns about imported inflation, financial pressures, and pressure on companies’ margins.Among the top 10 list, Bharti Airtel was the only company to see gains during the week.Reliance Industries’ valuation fell by Rs 1,34,445.77 crore, to Rs 18,08,420.81 crore. State Bank of India followed with a decline of Rs 52,245.3 crore, taking its valuation to Rs 8,88,862.32 crore.Tata Consultancy Services (TCS) lost Rs 47,415.04 crore in market cap, ending at Rs 8,19,062.65 crore, while Bajaj Finance saw its valuation shrink by Rs 27,892.28 crore to Rs 5,66,717.74 crore.
HDFC Bank’s market cap fell by Rs 20,630.01 crore to Rs 11,82,069.25 crore, and ICICI Bank recorded a decline of Rs 14,290 crore, to Rs 8,92,385.39 crore.Larsen & Toubro’s valuation fell by Rs 9,078.87 crore to Rs 5,37,542.34 crore. Hindustan Unilever lost Rs 3,970.8 crore, taking its market capitalization to Rs 5,33,592.18 crore, while Life Insurance Corporation of India (LIC) saw a decline of Rs 2,182.12 crore to Rs 5,05,367.32 crore.On the other hand, Bharti Airtel added Rs 42,470.13 crore to its valuation, which rose to Rs 11,60,525.16 crore.Even after the weekly fluctuations, Reliance Industries retained its position as the country’s most valuable company, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.