Top 10 Most-Valued Firms Lose Over Rs 1 Lakh Crore In Market Cap, Led By RIL, HDFC Bank

The NSE Nifty 50 and BSE Sensex extended losses to the fifth straight session on Wednesday as HDFC Bank Ltd., Reliance Industries Ltd. and Mahindra & Mahindra Ltd. share prices dragged.

The Nifty 50 ended at over four–month low for the second session in a row. The market–cap of Nifty 50 companies fell Rs 2.5 lakh crore to Rs 188.07 lakh crore as the index entered correction zone. The benchmark large–cap gauge declined over 10% from its life high of 26,277.35.

The Nifty ended 324.40 points or 1.36% down at 23,559.05, the lowest level since June 24. The Sensex closed 984.23 points or 1.25% lower at 77,690.95, the lowest since June 24.

During the last leg of the trade, the Nifty 50 declined as much as 1.57% to 23,509.60, and the Sensex plunged 1.45% to 77,533.30.

The Nifty Bank declined as much as 2.45% during the day to 49,904.40, the lowest since Aug. 16. The index ended 2.09% down at 50,088.35.

The Nifty Metal declined 3.04% during the day to 8,802.20, the lowest since Aug. 14. The index closed 2.66% down at 8,836.75.