India's top firms lose Rs 2.81 lakh crore in market value. The BSE benchmark plummeted 2.91 percent last week as geopolitical tensions in West Asia and surging crude oil prices rattled investor sentiment. State Bank of India suffered the steepest decline, losing Rs 53,953 crore in market capitalization. ICICI Bank and HDFC Bank also saw significant erosion, dropping Rs 46,937 crore and Rs 46,552 crore respectively. Among the top ten most-valued companies, only Reliance Industries and Infosys posted gains, with Reliance jumping Rs 14,750 crore to maintain its position as India's most valued firm. The broader weakness reflected concerns over international conflicts and energy price volatility impacting domestic market performance.
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