HDFC Bank Loses ₹61,715 Crore in Market Value as Stock Market Sell-Off Wipes ₹4.48 Lakh Crore

Mumbai, March 2026 : A sharp sell-off in the equity markets during the past week led to a significant erosion in the combined market capitalisation of India’s top-10 most valued companies, which collectively lost around ₹4.48 lakh crore. Among the major losers was HDFC Bank, whose market valuation declined by ₹61,715 crore amid the broader market downturn.

The decline came during a turbulent trading week when the benchmark indices BSE Sensex and Nifty 50 recorded steep losses. Investor sentiment remained weak due to a combination of rising global crude oil prices, inflation concerns, and escalating geopolitical tensions in West Asia, which triggered heavy selling across multiple sectors.

During the week, the Sensex plunged by 4,354.98 points, or 5.51 percent, while the Nifty dropped 1,299.35 points, or 5.31 percent, reflecting widespread weakness across the market.

Among India’s most valuable companies, HDFC Bank experienced a major decline in market capitalisation. The bank’s valuation fell by ₹61,715.32 crore, bringing its total market value down to ₹12,57,391.76 crore.

The steepest fall among the top companies was recorded by State Bank of India. The public sector lender saw its market capitalisation drop by ₹89,306.22 crore, reducing its valuation to ₹9,66,261.05 crore.

Financial services company Bajaj Finance also witnessed a substantial erosion in value. Its market capitalisation declined by ₹59,082.49 crore, taking the company’s total valuation to ₹5,32,053.54 crore.

The information technology sector also faced losses. The market value of Tata Consultancy Services fell by ₹53,312.52 crore during the week, bringing its valuation down to ₹8,72,067.63 crore. Similarly, the market capitalisation of ICICI Bank dropped by ₹42,205.04 crore to ₹8,97,844.78 crore.

Telecom major Bharti Airtel also witnessed a decline in valuation, losing ₹38,688.78 crore in market value and ending the week with a total market capitalisation of ₹10,28,431.72 crore.

Energy giant Reliance Industries also saw its market value decline by ₹33,289.88 crore, bringing its total valuation to ₹18,68,293.17 crore. Despite the decline, Reliance Industries continued to remain the most valuable company in India.

The market capitalisation of Life Insurance Corporation of India (LIC) also slipped by ₹31,245.49 crore, reducing its valuation to ₹4,88,985.57 crore. Meanwhile, IT major Infosys lost ₹24,230.96 crore in market value, taking its total valuation to ₹5,06,315.58 crore.

Consumer goods giant Hindustan Unilever also recorded a decline during the week, with its market capitalisation falling by ₹15,401.57 crore to ₹5,07,640.94 crore.

Market analysts say the sharp correction reflects investor caution amid global uncertainties, particularly the rising geopolitical tensions in West Asia and the resulting surge in oil prices, which have raised concerns about inflation and economic stability.

(The content of this article is sourced from a news agency and has not been edited by the Mavericknews30 team.)