Market -up
The stock market had a lot of uproar last week, causing investors to suffer a big loss. The BSE’s 30 -share Sensex closed down by 609.51 points, while NSE Nifty closed 166.65 points. Due to the weak trend in the market, the market capitalization of six out of the top 10 companies of the Sensex fell collectively by Rs 78,166.08 crore. During this time Reliance Industries suffered the most damage. Apart from this, the market cap of TCS, ICICI Bank, State Bank of India (SBI), Infosys and Hindustan Unilever also saw a decline, causing damage to shareholders investing in these companies.
However, some companies showed strength even in this era of decline. HDFC Bank, Bharti Airtel, Bajaj Finance and ITC gave their investors a chance to make profits.
Reliance’s market cap decreased by 40,800 crores
Last week, due to pressure in the market, there was a major decline in market evaluation of several major companies. The market cap of Reliance Industries fell by Rs 40,800.4 crore to Rs 19,30,339.56 crore. The market status of Tata Consultancy Services (TCS) declined by Rs 17,710.54 crore to Rs 12,71,395.95 crore.
Evaluation of Infosys declined by Rs 10,488.58 crore to Rs 6,49,876.91 crore, while Hindustan Unilever suffered a loss of Rs 5,462.8 crore and reduced its capitalization to Rs 5,53,974.88 crore. ICICI Bank’s market cap fell by Rs 2,454.31 crore to Rs 10,33,868.01 crore. At the same time, the market status of State Bank of India (SBI) fell by Rs 1,249.45 crore to Rs 7,05,446.59 crore.
Airtel’s market cap increased
Despite the fluctuations in the stock market last week, there was an increase in market capitalization of some veteran companies. Bharti Airtel’s market evaluation rose by Rs 10,121.24 crore to Rs 10,44,682.72 crore. At the same time, Bajaj Finance’s market status was Rs 4,548.87 crore to Rs 5,74,207.54 crore. The market capitalization of ITC increased by Rs 875.99 crore, causing its total assessment to Rs 5,45,991.05 crore. The evaluation of HDFC Bank also rose by Rs 399.93 crore to Rs 14,80,723.47 crore.
Reliance Industries retained the first place in the country’s top 10 companies list. This was followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India (SBI), Infosys, Bajaj Finance, Hindustan Unilever and ITC.
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