Business News Desk – The 30-share BSE Sensex fell 1,844.2 points or 2.32% last week. While the National Stock Exchange’s Nifty declined by 573.25 points or 2.38%. Last week, the market cap of 5 of the top 10 Sensex companies collectively declined by Rs 1,85,952.31 crore. HDFC Bank suffered the most loss.
During this period, the market cap of Reliance Industries (RIL), HDFC Bank, ICICI Bank, State Bank of India (SBI) and ITC declined. While the market value of Tata Consultancy Services (TCS), Bharti Airtel, Infosys, Hindustan Unilever (HUL) and HCL Technologies (HCL Tech), which recently joined the top 10 list, increased.
HDFC Bank suffered the most loss
The market cap of HDFC Bank declined by Rs 70,479.23 crore during the week to Rs 12,67,440.61 crore. ITC’s market cap declined by Rs 46,481 crore to Rs 5,56,583.44 crore. SBI’s market cap declined by Rs 44,935.46 crore to Rs 6,63,233.14 crore. The valuation of Reliance Industries declined by Rs 12,179.13 crore to Rs 16,81,194.35 crore. ICICI Bank’s valuation declined by Rs 11,877.49 crore to Rs 8,81,501.01 crore.
TCS benefits the most
Contrary to this trend, the market cap of TCS increased by Rs 60,168.79 crore to Rs 15,43,313.32 crore. IT services company TCS’s December quarter net profit increased by 11.95% to Rs 12,380 crore. After this, the company’s shares rose by 6% on Friday. The market cap of HCL Tech increased by Rs 13,120.58 crore to Rs 5,41,539.01 crore. Infosys’ market cap increased by Rs 11,792.44 crore to Rs 8,16,626.78 crore. Bharti Airtel’s valuation increased by Rs 8,999.41 crore to Rs 9,19,933.99 crore. The market cap of Hindustan Unilever (HUL) increased by Rs 8,564.26 crore to Rs 5,73,758.44 crore.
List of top 10 companies
Reliance Industries stood first in the list of top 10 companies of Sensex. This was followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC and HCL Tech respectively.