In last weeks trading session nine of Indias top 10 companies experienced a combined market capitalization decline of ₹4.74 lakh crore. Mukesh Ambani led Reliance Industries was the top loser among top 10 companies which saw its market cap fall by Rs.1.88 lakh crore to Rs.18.76 lakh crore marking the largest loss among the countrys top firms. The Indian stock market faced significant pressure last week partially due to the geopolitical tensions arising from the conflict between Iran and Israel. This external factor led to a sharp decline in key indices with the Sensex and Nifty also seeing noticeable drops. Reliances Stock Declined In Last Week Ahead of its record date Reliances stock price stood at ₹2773.80 per share on Friday October 4 reflecting a 1.5% decline. The companys market capitalization though still the largest in India stood at ₹18.76 lakh crore. The companys stock faced a bearish trading week from September 30 to October 4 witnessing a 7.3% decline on the BSE.  Over the past month Reliances stock has dropped by 5.20% while in the last six months it has fallen by 6.6%. Despite these recent declines Reliance’s year-to-date (from January 1 to October 4 2024) stock performance remains positive with a 7.10% increase on the BSE. Stock Market Crash In Last Week Last week the Sensex fell by 4.53% equivalent to a drop of 3883 points with the index closing at 81688 on the final trading day (October 4) after a loss of 808 points (0.98%). Similarly the Nifty fell by 200 points (0.93%) closing at 25049. These declines were primarily influenced by fears surrounding the potential impact of the ongoing Iran-Israel war on the global and Indian economies. Mcap Of Nine Of Top-10 Most Valued Firms Declined The valuation of Reliance Industries declined Rs 188479.36 crore to Rs 1876718.24 crore. HDFC Banks market valuation slumped Rs 72919.58 crore to Rs 1264267.35 crore. Bharti Airtels valuation plunged Rs 53800.31 crore to Rs 934104.32 crore and that of ICICI Bank tumbled Rs 47461.13 crore to Rs 873059.59 crore. The valuation of Life Insurance Corporation of India (LIC) plummeted Rs 33490.86 crore to Rs 614125.65 crore and that of Hindustan Unilever tanked Rs 27525.46 crore to Rs 669363.31 crore. The market capitalisation (mcap) of ITC dropped Rs 24139.66 crore to Rs 629695.06 crore and that of Tata Consultancy Services (TCS) eroded by Rs 21690.43 crore to Rs 1537361.57 crore. State Bank of Indias valuation went lower by Rs 5399.39 crore to Rs 710934.59 crore. However the mcap of Infosys climbed Rs 4629.64 crore to Rs 796527.08 crore. Reliance Industries retained the title of the most-valued firm followed by TCS HDFC Bank Bharti Airtel ICICI Bank Infosys State Bank of India Hindustan Unilever ITC and LIC. (With Inputs From PTI) (Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)