Market Cap Update:The market capitalization (market cap) of four of the top 10 most valuable companies of Sensex declined by Rs 96,605.66 crore last week. HDFC Bank suffered the most loss. Last week, the valuations of Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India (SBI) declined, while the valuations of Reliance Industries, Bharti Airtel, Infosys, ITC, Life Insurance Corporation of India (LIC) and Hindustan Unilever declined. Status increased. The market capitalization of these six companies collectively increased by Rs 82,861.16 crore.
These 4 companies caused loss
In the week under review, the market valuation of HDFC Bank declined by Rs 37,025.46 crore to Rs 13,37,919.84 crore. The valuation of ICICI Bank declined by Rs 29,324.55 crore to Rs 8,93,378.50 crore. TCS’s market capitalization declined by Rs 24,856.26 crore to Rs 14,83,144.53 crore. Whereas SBI’s valuation declined by Rs 5,399.39 crore to Rs 7,08,168.60 crore.
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Who benefited from whom?
Contrary to this trend, the market value of Reliance Industries increased by Rs 41,138.41 crore to reach Rs 16,93,373.48 crore. Hindustan Unilever’s valuation increased by Rs 15,331.08 crore to Rs 5,65,194.18 crore. Market capitalization of LIC increased by Rs 13,282.49 crore to Rs 5,74,689.29 crore and valuation of Infosys increased by Rs 9,031.19 crore to Rs 8,04,834.34 crore. ITC’s valuation increased by Rs 3,878.63 crore to Rs 6,03,064.44 crore and Bharti Airtel’s valuation increased by Rs 199.36 crore to Rs 9,10,934.58 crore.
Reliance Industries remains on top in market cap
Reliance Industries remained at first position in the list of top 10 companies. After that, TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, ITC, LIC and Hindustan Unilever were ranked respectively.
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Last week, the 30-share BSE Sensex rose 524.04 points or 0.66 percent. Whereas National Stock Exchange’s Nifty gained 191.35 points or 0.80 percent. On Friday, the Sensex fell 720.60 points or 0.90 percent to close at 79,223.11. Nifty fell to 24,004.75 points with a loss of 183.90 points or 0.76 percent.
