Market Capitalization: The market cap of 6 out of the top 10 Sensex companies declined by a total of Rs 1.71 lakh crore last week. The biggest loss was suffered by two big companies of the IT sector. In which the names of Infosys and Tata Consultancy Services (TCS) are included. Apart from these two, the market cap of HDFC Bank, ICICI Bank, Hindustan Unilever and ITC declined. During this period, the market cap of Reliance Industries, Bharti Airtel, State Bank of India (SBI) and Life Insurance Corporation of India (LIC) increased. . Last week, the 30-share BSE Sensex fell 759.58 points or 0.98 percent. Whereas the Nifty of National Stock Exchange fell by 228.3 points or 0.97 percent.
who caused the damage
Last week, the market cap of Infosys declined by Rs 62,948.4 crore to Rs 7,53,678.38 crore. Infosys suffered the most loss. After the announcement of the third quarter results, Infosys shares fell by almost per cent on Friday amid profit booking. The market cap of TCS declined by Rs 50,598.95 crore to Rs 14,92,714.37 crore. The market cap of Hindustan Unilever declined by Rs 20,605.92 crore to Rs 5,53,152.52 crore and the market cap of ICICI Bank declined by Rs 16,005.84 crore to Rs 8,65,495.17 crore. The market capitalization of HDFC Bank declined by Rs 15,640.8 crore to Rs 12,51,799.81 crore. The market cap of ITC declined by Rs 5,880.51 crore and stood at Rs 5,50,702.93 crore.
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who benefited
Contrary to this trend, the market cap of Reliance Industries increased by Rs 79,773.34 crore to reach Rs 17,60,967.69 crore. The market capitalization of State Bank of India increased by Rs 18,697.08 crore to Rs 6,81,930.22 crore. LIC added Rs 9,993.5 crore during the week and its market cap reached Rs 5,40,724.05 crore. Bharti Airtel’s market cap increased by Rs 7,080.98 crore to Rs 9,27,014.97 crore.
Reliance Industries remained at first position among the top 10 companies of Sensex. After that, TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC and LIC were ranked respectively.
