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Five Top Indian Blue-Chips Shed ₹1.03 Lakh Crore This Week, HDFC Bank Leads Declines

A sharp Thursday sell-off erased early gains, leaving a flat finish for the week.

Overview

  • The combined market value of HDFC Bank, ICICI Bank, TCS, Bajaj Finance and Hindustan Unilever fell by about ₹1,02,771.87 crore for the week.
  • HDFC Bank posted the steepest drop, losing ₹56,124.48 crore to end at a valuation of ₹12,01,267.28 crore.
  • Reliance Industries added ₹45,942.75 crore to reach ₹19,14,235.92 crore and retained its status as the country’s most-valued company.
  • Bharti Airtel gained ₹24,462.03 crore, State Bank of India rose ₹10,707.52 crore, and Infosys and LIC recorded smaller increases.
  • Benchmarks were nearly flat for the week with the Sensex down 30.96 points and the Nifty lower by 36.6 points after Thursday’s slump and a selective rebound on Friday.