Market Bloodbath: HDFC Bank, SBI, TCS See Huge Cap Losses
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Global geopolitical storms battered Indian markets, wiping ₹61,715 crore off HDFC Bank’s market capitalization, leaving it at ₹12,57,391.76 crore. Crude oil surged on Israel-US-Iran escalations, igniting a fire sale in equities.
Benchmarks cratered: Sensex down 5.51% (4,354.98 points), Nifty 5.31% (1,299.35 points). BSE’s total market cap shrank by ₹20 lakh crore to ₹430 lakh crore, reflecting widespread investor flight.
Top-tier firms hemorrhaged ₹4.48 lakh crore collectively. SBI led with ₹89,306.22 crore loss to ₹9,66,261.05 crore; Bajaj Finance ₹59,082.49 crore to ₹5,32,053.54 crore; TCS ₹53,312.52 crore to ₹8,72,067.63 crore; ICICI Bank ₹42,205.04 crore to ₹8,97,844.78 crore.
Bharti Airtel dropped ₹38,688.78 crore to ₹10,28,431.72 crore, Reliance ₹33,289.88 crore to ₹18,68,293.17 crore, LIC ₹31,245.49 crore to ₹4,88,985.57 crore, Infosys ₹24,230.96 crore to ₹5,06,315.58 crore, and HUL ₹15,401.57 crore to ₹5,07,640.94 crore.
As markets reel from these shocks, the focus shifts to potential interventions by central banks and progress in international diplomacy. Investors are urged to monitor oil trends closely for signs of stabilization.
