Sensex
There was a huge fall in the stock market last week, due to which the market capitalization (market cap) of 9 out of the top 10 most valuable companies of Sensex declined by Rs 2,09,952.26 crore. Hindustan Unilever and Reliance Industries were the biggest losers. Last week, the 30-share BSE Sensex lost 1,822.46 points or 2.24 percent. Among the top 10 Sensex companies, only HDFC Bank’s market valuation increased. In the week under review, the market valuation of Hindustan Unilever declined by Rs 44,195.81 crore to Rs 5,93,870.94 crore. The market capitalization of Reliance Industries declined by Rs 41,994.54 crore to Rs 17,96,726.60 crore. The market valuation of State Bank of India (SBI) declined by Rs 35,117.72 crore to Rs 6,96,655.84 crore, while the market value of Bharti Airtel declined by Rs 24,108.72 crore to Rs 9,47,598.89 crore.
TCS market capitalization reduced by Rs 23,137.67 crore
The market capitalization of Tata Consultancy Services (TCS) declined by Rs 23,137.67 crore to Rs 14,68,183.73 crore. Life Insurance Corporation of India (LIC)’s valuation declined by Rs 19,797.24 crore to Rs 5,71,621.67 crore, while Infosys’s valuation declined by Rs 10,629.49 crore to Rs 7,69,496.61 crore. ITC’s market cap declined by Rs 5,690.96 crore to Rs 6,02,991.33 crore and that of ICICI Bank fell by Rs 5,280.11 crore to Rs 8,84,911.27 crore.
Earnings for HDFC Bank investors
Contrary to this trend, the market capitalization of HDFC Bank increased by Rs 46,891.13 crore to reach Rs 13,29,739.43 crore. Reliance Industries remained at first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, ITC, Hindustan Unilever and LIC respectively.
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