During the morning session, the banking stock came down by 2.27 per cent to ₹761.25 apiece on the BSE. At 2:30 p.m., the stock was trading at ₹759.25, marking a decline of 2.52 per cent on the exchange.
HDFC Bank, State Bank of India, Canara Bank and Punjab National Bank were among the major laggards, declining up to 3 per cent.
RBI has approved a transition plan at HDFC Bank after its chairman stepped down, while investors reacted sharply, pushing the stock lower during Thursday’s trading session.
Last week, the combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore.
The combined market valuation of eight of the top 10 valued firms spiked by Rs 4.55 trillion last week. In the list, Reliance Industries emerged as the biggest winner.
The combined market valuation of seven of the top-10 most valued firms climbed Rs 96,200.95 crore last week.
Last week, the market valuation of seven of the top10 most valued firms eroded by Rs 88,635.28 crore in a holiday-shortened week.
Seven of the top-10 most valued firms climbed Rs 74,573.63 crore last week, with HDFC Bank emerging as the biggest gainer in line with a positive trend in equities.
The combined market valuation of the top-10 most valued firms eroded by Rs 2,99,661.36 crore last week, in line with a bearish trend in equities. Tata Consultancy Services (TCS) recorded the sharpest drop among them.
The combined market valuation of eight of the top-10 most valued firms jumped by Rs 1,69,506.83 crore last week. Bajaj Finance emerged as the biggest gainer.
