Market Turbulence Wipes Out Rs 1 Lakh Crore in Top Firms’ Valuation; HDFC Bank Leads the Decline
India’s equity markets witnessed a sharp erosion in corporate valuations as the combined market capitalization of several leading companies declined by more than Rs 1 lakh crore during a volatile trading week. Among the biggest contributors to the downturn was HDFC Bank, whose shares experienced notable pressure amid broader market uncertainty. The correction reflects a combination of global economic concerns, investor profit-booking, and sector-specific pressures within financial services.