Sensex
Last week, heavy selling in the stock market spoiled the mathematics of all the Sensex companies. There was a big decline in the market cap of all the companies. Reliance Industries investors had to bear the biggest loss. Reliance investors lost Rs 91,140 crore. Let us tell you that the market valuation (market cap) of the top 10 Sensex companies declined by Rs 4,95,061 crore last week. Tata Consultancy Services (TCS) and Reliance Industries suffered the most losses amid the bearish trend in the stock market.
Sensex fell 4000 points
Last week, the 30-share BSE Sensex fell 4,091.53 points or 4.98 percent. This is the biggest weekly fall in the Indian stock market since June 2022. The week started with a policy announcement from the US central bank Federal Reserve, which led to a change in market sentiment. The Federal Reserve has hinted at cutting interest rates just twice in 2025. This affected the market sentiment and led to a severe decline in the Indian market as well as across the world.
TCS market cap reduced by Rs 1,10,550 crore
Last week, the market capitalization of Tata Consultancy Services (TCS) declined by Rs 1,10,550.66 crore to Rs 15,08,036.97 crore. Reliance Industries’ valuation declined by Rs 91,140.53 crore to Rs 16,32,004.17 crore. The market capitalization of HDFC Bank declined by Rs 76,448.71 crore to Rs 13,54,709.35 crore and that of Bharti Airtel fell by Rs 59,055.42 crore to Rs 8,98,786.98 crore. The market capitalization of State Bank of India (SBI) declined by Rs 43,909.13 crore to Rs 7,25,125.38 crore.
ICICI Bank also disappointed
The market cap of ICICI Bank declined by Rs 41,857.33 to Rs 9,07,449.04 crore. Infosys’ valuation declined by Rs 32,300.2 crore to Rs 7,98,086.90 crore. The valuation of Life Insurance Corporation of India (LIC) declined by Rs 20,050.25 crore to Rs 5,69,819.04 crore. Hindustan Unilever’s market cap declined by Rs 12,805.27 crore to Rs 5,48,617.81 crore. ITC’s valuation declined by Rs 6,943.5 crore to Rs 5,81,252.32 crore.
Reliance remains on top
Reliance Industries remained at first position in the list of top 10 companies. This was followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, SBI, ITC, LIC and Hindustan Unilever respectively. Language
Latest Business News
