Reliance Industries remained the most valuable company at the end of the week, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Infosys, Larsen & Toubro, and Hindustan Unilever. (Image Source: iStockphoto) India’s top companies had a rough week as the stock market closed lower. Seven out of the country’s ten most valuable firms together lost Rs 1.75 lakh crore in market value during the short trading session .Reliance Industries took the biggest hit, with its market capitalisation falling by Rs 89,720 crore. HDFC Bank came in second with a loss of Rs 37,248 crore, while State Bank of India dropped Rs 35,399 crore. The broader market also ended the week in the red. The BSE Sensex fell 950 points, or 1.27 per cent, while the NSE Nifty slipped 295 points, also down 1.27 per cent. Ajit Mishra, Senior Vice President of Research at Religare Broking, said the market was quite volatile throughout the week. “Global cues were mixed and rising geopolitical tensions in the Middle East kept investors nervous,” he said. The week started with selling pressure triggered by fears of oil supply disruptions due to the West Asia conflict, a sharply weaker rupee that touched a record low, and overall market volatility. There was some recovery mid-week when hopes grew for a temporary easing of tensions between the US and Iran. However, fresh selling on Friday erased those gains and dragged the indices lower again. Reliance Industries remained the most valuable company at the end of the week, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Infosys, Larsen & Toubro, and Hindustan Unilever. The main reason for the weakness was uncertainty surrounding the ongoing conflict in the Middle East, fears of rising oil prices, and pressure on the Indian rupee. Investors stayed cautious as geopolitical risks continued to weigh on market sentiment. Get Latest News live on Times Now along with Breaking News and Top Headlines from Business, Companies and around the world. Working as Copy Editor at the Business Desk of Times Now Digital. Dedicated towards crafting interesting financial stories. Previously covered financi... View More