By Priya Raghuvanshi

Copyright timesnownews

A brutal week on Dalal Street wiped out Rs 2,99,661.36 crore from the combined market capitalisation of India’s top-10 most valued companies. The losses came in the wake of global uncertainty, sharp selling pressure, and weak cues from the technology and pharmaceutical sectors. The BSE Sensex plunged 2,199.77 points or 2.66 per cent last week, reflecting widespread bearish sentiment. “A sharp hike in H-1B visa fees led to heavy unwinding in technology stocks, while also pressuring the Indian rupee, which slipped to a record low against the US dollar,” said Ponmudi R, CEO – Enrich Money, according to a PTI report. Tech Stocks Bear Brunt Among the top losers, Tata Consultancy Services (TCS) took the most severe hit, with its market valuation tumbling by Rs 97,597.91 crore, bringing its market capitalisation down to Rs 10,49,281.56 crore. Infosys followed with a loss of Rs 38,095.78 crore, and its market cap now stands at Rs 6,01,805.25 crore. “Adding to the headwinds, the imposition of 100 per cent tariffs on branded and patented pharmaceutical imports to the US further dampened sentiment, with ripple effects felt across multiple sectors and weighing heavily on market confidence,” Ponmudi added, as per the report. Banking Giants Also See Sharp Corrections Private sector lenders weren’t spared either. HDFC Bank saw its valuation drop by Rs 33,032.97 crore to Rs 14,51,783.29 crore, while ICICI Bank lost Rs 29,646.78 crore, slipping to Rs 9,72,007.68 crore. Public sector behemoth State Bank of India (SBI) also shed Rs 4,846.07 crore, taking its mcap to Rs 7,91,063.93 crore. Here’s How the Other Top Companies Fared: Reliance Industries: Down by Rs 40,462.09 crore to Rs 18,64,436.42 crore Bharti Airtel: Lost Rs 26,030.11 crore; new mcap at Rs 10,92,922.53 crore LIC: Dropped Rs 13,693.62 crore to Rs 5,51,919.30 crore Hindustan Unilever: Down by Rs 11,278.04 crore to Rs 5,89,947.12 crore Bajaj Finance: Fell by Rs 4,977.99 crore to Rs 6,12,914.73 crore Reliance Still Tops The Valuation Chart Despite the heavy market losses, Reliance Industries retained its crown as India’s most valued firm, followed by HDFC Bank, Bharti Airtel, TCS, and ICICI Bank. The rest of the top-10 includes SBI, Bajaj Finance, Infosys, Hindustan Unilever, and LIC. Get Latest News live on Times Now along with Breaking News and Top Headlines from Business, Companies and around the world.