Stock market: The market capitalization (market cap) of seven of the top 10 Sensex companies collectively declined by Rs 1,14,201.53 crore last week. Hindustan Unilever, HDFC Bank and HDFC were the biggest losers. Last week, the 30-share BSE Sensex fell 501.73 points or 0.86 per cent.
While HDFC Bank, ICICI Bank, Hindustan Unilever, State Bank of India (SBI), Bajaj Finance, HDFC and Bharti Airtel declined in market capitalization last week, Reliance Industries, Tata Consultancy Services (TCS) and Infosys gained in valuations. .
Reduced market cap of these companies
Hindustan Unilever’s market capitalization declined by Rs 34,785.7 crore to Rs 4,59,121.88 crore during the week. HDFC Bank’s market valuation declined by Rs 26,891.57 crore to Rs 7,93,855.60 crore. Similarly, HDFC’s valuation declined by Rs 20,348.29 crore to Rs 4,17,511.38 crore.
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ICICI Bank’s market position declined by Rs 14,372.87 crore to Rs 4,85,801.96 crore. SBI’s market capitalization declined by Rs 10,174.05 crore to Rs 4,37,618.33 crore. Bharti Airtel’s market valuation stood at Rs 3,89,522.03 crore with a loss of Rs 7,441.7 crore. The market capitalization of Bajaj Finance declined by Rs 187.35 crore to Rs 4,22,138.56 crore.
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Reliance Industries Benefit
Contrary to this trend, the market position of Reliance Industries rose by Rs 79,188.07 crore to Rs 17,56,635.40 crore. The market valuation of TCS stood at Rs 13,71,589.75 crore, up by Rs 12,114.39 crore. Infosys’ market position rose by Rs 9,404.12 crore to Rs 7,89,352.44 crore. Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, SBI, Bajaj Finance, HDFC and Bharti Airtel respectively.