The combined market capitalisation (m-cap) of six of the country's top-10 firms went down by Rs 42,791 crore during the past week, with two of the country's top lenders -- SBI and ICICI Bank -- bearing the maximum loss.
Amid a weak stock market, which fell by 458 points, or 2.29 per cent, last week, the market valuation of State Bank of India also declined by Rs 21,256.29 crore to Rs 1,73,768.19 crore as on Friday's trade.
Similarly, private sector lender ICICI Bank too saw its m-cap diminishing by Rs 7,385.32 crore to Rs 1,28,343.91 crore.
During the last week, SBI's scrip plunged 10.89 per cent, while ICICI's tanked by 5.44 per cent on the Bombay Stock Exchange.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
