Market cap Status: The market cap of eight of the top 10 most valuable companies of Sensex declined by a total of Rs 1,66,954.07 crore last week. Reliance Industries and Life Insurance Corporation of India (LIC) suffered the biggest losses. Apart from these two companies, TCS, HDFC Bank, Bharti Airtel, ICICI Bank, SBI, Infosys also suffered losses. That is, the market cap of these companies also declined. On the other hand, Hindustan Unilever and ITC remained in profit. During this period, the market cap of both the companies increased.
Who caused the damage
During this period, the market value of the country’s most valuable company Reliance Industries Limited (RIL) fell by Rs 33,930.56 crore to Rs 19,94,765.01 crore. Thus, Reliance suffered the biggest loss among the top 10 companies last week. Last week, the market cap of the country’s largest insurance company LIC also fell by Rs 30,676.24 crore and came down to Rs 7,17,001.74 crore. During this period, the market cap of State Bank of India (SBI) fell by Rs 21,151.33 crore to Rs 7,35,566.52 crore.
At the same time, the market cap of information technology (IT) company Infosys fell by Rs 20,973.19 crore to Rs 7,35,277.28 crore. The market cap of Tata Group’s IT company Tata Consultancy Services (TCS) fell by Rs 19,157.77 crore to Rs 15,30,469.11 crore. The market position of Bharti Airtel fell by Rs 16,993.56 crore to Rs 8,33,396.32 crore and the market position of ICICI Bank fell by Rs 16,975.55 crore to Rs 8,25,201.23 crore. The market cap of private sector HDFC Bank fell by Rs 7,095.87 crore to Rs 12,56,505.53 crore.
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Who benefited from
However, the market cap of Hindustan Unilever rose by Rs 12,946.24 crore to Rs 6,45,808.65 crore. The market cap of ITC also rose by Rs 8,406.26 crore to Rs 6,19,829.37 crore. Last week, the BSE benchmark Sensex fell by 1,276.04 points or 1.57 per cent under the influence of weak global trends.
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Despite suffering huge losses last week, Reliance Industries has retained the title of the country’s most valuable company. It was followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Hindustan Unilever and ITC.
