Market capitalization: The market cap of eight of the top 10 most valuable companies of Sensex declined by a total of Rs 1,28,913.5 crore last week. Amid the weak trend in the stock market, the major companies of the information technology sector, Tata Consultancy Services (TCS) and Infosys suffered the most losses. Apart from this, Reliance Industries, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever and ITC also suffered losses. That is, the market cap of these companies also declined. On the other hand, HDFC Bank and LIC remained in profit. During this period, the market cap of both the companies increased.
Who caused the damage
Last week, the market cap of TCS fell by Rs 37,971.83 crore to Rs 15,49,626.88 crore. TCS suffered the biggest loss. Infosys’ market cap fell by Rs 23,811.88 crore to Rs 7,56,250.47 crore. ITC’s market cap fell by Rs 16,619.51 crore to Rs 6,11,423.11 crore and State Bank of India (SBI) fell by Rs 13,431.54 crore to Rs 7,56,717.85 crore. Reliance Industries Limited’s market cap fell by Rs 13,125.49 crore to Rs 20,28,695.57 crore.
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Bharti Airtel’s market cap fell by Rs 11,821.5 crore to Rs 8,50,389.88 crore. ICICI Bank’s market cap fell by Rs 7,843.75 crore to Rs 8,42,176.78 crore. Hindustan Unilever’s market cap fell by Rs 4,288 crore to Rs 6,32,862.41 crore.
Who benefited from
In contrast to this trend, the market cap of HDFC Bank rose by Rs 32,759.37 crore to Rs 12,63,601.40 crore. The market status of Life Insurance Corporation of India (LIC) rose by Rs 1,075.25 crore to Rs 7,47,677.98 crore.
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Reliance Industries remained at the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Hindustan Unilever and ITC respectively. Last week, amid selling pressure, the BSE’s 30-share Sensex closed at 80,981.95 points on Friday, down 885.60 points or 1.08 percent. At the same time, the National Stock Exchange’s Nifty slipped 293.20 points or 1.17 percent to 24,717.70 points.
