The market capitalisation of the top 10 most-valued firms cumulatively declined by Rs 42,928 crore on Monday, led by Reliance Industries Ltd., HDFC Bank Ltd. and Bajaj Finance Ltd.
Infosys Ltd., ITC Ltd., Hindustan Unilever Ltd., and State Bank of India were some of the other major stocks that declined.
RIL's market capitalisation declined by Rs 16,306 crore to Rs 16.97 lakh crore. It was followed by HDFC Bank, which saw a decline of Rs 12,351 crore in its market cap, bringing the total value to Rs 13.12 lakh crore.
Bajaj Finance Ltd. faced a sharp decline in its market cap, losing Rs 11,838 crore, which brought its value down to Rs 5.12 lakh crore.
Infosys's market cap fell Rs 9,820 crore to Rs 7.8 lakh crore, while that of ITC fell Rs 3,941 crore to Rs 5.35 lakh crore. HUL and SBI lost Rs 1,727 crore and Rs 624 crore, respectively.
Bharti Airtel Ltd. emerged as the biggest winner, adding Rs 10,110 crore to its market cap, which now stands at Rs 9.65 lakh crore. ICICI Bank Ltd increased its market cap by Rs 1,905 crore, reaching Rs 8.89 lakh crore. Tata Consultancy Services gained Rs 1,664 crore, pushing its market cap to Rs 14.59 lakh crore.
The Indian equity benchmark indices closed lower, as realty stocks dragged the most. The NSE Nifty 50 ended 182.85 points, or 0.78% down at 23,377.10, and the 30-stock BSE Sensex ended 548.39 points, or 0.70% lower at 77,311.80.
The NSE Nifty Bank also closed lower at 49,981, down 0.35% by 177.85 points.
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