Mcap of 8 of top-10 firms erodes by Rs 1.55 lakh cr; HDFC Bank, Bajaj Fin biggest laggards

The market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj Finance were particularly striking. The BSE Sensex plummeted by 1,605.44 points, indicating a bearish atmosphere across equities.