Market Cap: Market cap of HDFC Bank, ICICI Bank and Infosys increased by Rs 1.06 lakh crore, these 7 companies incurred losses

Market Cap Update: The market cap of three of the top 10 Sensex companies collectively increased by Rs 1,06,125.98 crore last week. HDFC Bank and ICICI Bank gained the most. Also, Infosys’ market cap jumped. Contrary to this trend Reliance Industries, Tata Consultancy Services (TCS), Bharti Airtel, State Bank of India (SBI), Life Insurance Corporation of India (LIC), Hindustan Unilever and ITCsuffered losses last week. During this period, the market value of these companies collectively declined by Rs 1,01,769.1 crore. Last week, the BSE Sensex of 30 stocks rose 217.13 points or 0.28 percent.

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Who benefited from

Last week, HDFC Bank’s market cap rose by Rs 52,091.56 crore to Rs 12,67,056.69 crore. During this period, ICICI Bank added Rs 36,118.99 crore, taking its market cap to Rs 8,13,914.89 crore. Infosys’ market position rose by Rs 17,915.43 crore to Rs 6,35,945.80 crore.

Who caused the damage

In contrast, the market cap of Reliance Industries fell by Rs 32,271.31 crore to Rs 19,66,686.57 crore. LIC’s market cap fell by Rs 27,260.74 crore to Rs 6,47,616.51 crore. ITC’s market cap fell by Rs 14,357.43 crore to Rs 5,23,858.91 crore and Hindustan Unilever’s market cap fell by Rs 8,904.95 crore to Rs 5,73,617.46 crore. TCS’ market cap fell by Rs 8,321.6 crore to Rs 13,78,111.45 crore. Bharti Airtel’s market cap fell by Rs 7,261.72 crore to Rs 8,04,262.65 crore. The market cap of State Bank of India (SBI) declined by Rs 3,391.35 crore to Rs 7,46,454.54 crore.

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Reliance Industries remains on top in market cap

Reliance Industries remained at the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, SBI, Infosys, LIC, ITC and Hindustan Unilever respectively.