The valuation of the State Bank of India (SBI) diminished by Rs 16,108.93 crore to Rs 4,72,290.46 crore and that of ITC tanked Rs 15,226.12 crore to Rs 4,66,696.21 crore.
The deep plunge in India equity benchmarks eroded the market capitalisation (m-cap) of the top-10 most valued companies by nearly Rs 2.3 lakh crore last week, with the shares of Life Insurance Corporation (LIC) taking the biggest hit.
Indian equity benchmarks on Friday extended their fall for the sixth straight day, with the Sensex down 2,041.96 points or 3.72 per cent for the week on stagflation worries, the exodus of capital on flight-to-safety trades.