M-cap of nine of top 10 firms drops by nearly Rs 5 lakh crore; RIL, HDFC Bank worst hit

Nine of the top 10 most valued firms lost a total of Rs 4,74,906.18 crore in market value last week. The largest losses were seen by Reliance Industries and HDFC Bank. Market trends were weak due to tensions in the Middle East. Despite the decline, Reliance Industries remains the most valued company.