Market Capitalization Last week Update: With domestic equity markets falling, the market cap of eight of the top 10 Sensex companies collectively declined by Rs 2,01,699.77 crore last week.Reliance Industries and Tata Consultancy Services suffered the most losses in this. Apart from this, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC and ITC also faced losses. That is, the market cap of these companies also declined. On the other hand, Hindustan Unilever and HDFC Bank remained in profit. During this period, the market cap of both the companies increased.
Who caused the damage
Last week, the market cap of Reliance Industries fell by Rs 60,824.68 crore to Rs 19,82,282.42 crore. The market cap of Tata Consultancy Services (TCS) fell by Rs 34,136.66 crore to Rs 16,12,762.51 crore. The market cap of State Bank of India fell by Rs 29,495.84 crore to Rs 6,98,440.13 crore and that of Bharti Airtel fell by Rs 28,379.54 crore to Rs 8,76,207.58 crore.
Also read: Post Office Scheme: Which post office scheme is getting the highest interest in September? Check the complete list before investing
The market cap of Infosys fell by Rs 17,061.44 crore to Rs 7,89,819.06 crore and that of Life Insurance Corporation of India (LIC) fell by Rs 16,381.74 crore to Rs 6,57,009.14 crore. The market cap of ICICI Bank fell by Rs 15,169.76 crore to Rs 8,51,204.65 crore and that of ITC fell by Rs 250.11 crore to Rs 6,27,337.65 crore.
Who benefited from
On the contrary, the market value of Hindustan Unilever increased by Rs 14,179.78 crore to Rs 6,66,919.73 crore. The market cap of HDFC Bank increased by Rs 3,735.35 crore to Rs 12,47,941.78 crore. Last week, the BSE Sensex suffered a loss of 1,181.84 points or 1.43 percent.
Also read: Market Outlook: Inflation data, global trends and the attitude of foreign investors will decide the direction of the market this week, experts say
Reliance Industries remains on top in market cap
Reliance Industries was the most valuable domestic company in terms of market position. It was followed by TCS, HDFC Bank, Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, LIC and ITC respectively.
