The market capitalization of seven companies in the top 10 Sensex companies collectively declined by Rs 1,32,535.79 crore last week. Reliance Industries was the biggest loser. The 30-share BSE Sensex shed 1,108.25 points, or 1.86 per cent, during a week of short trading sessions.
Market valuations of Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Infosys, Hindustan Unilever, Bajaj Finance and HDFC declined during the week. While ICICI Bank, State Bank of India (SBI) and Adani Green Energy (ADANI GREEN ANERGY) were among the gainers. Adani Green Energy featured in the list of top 10 companies last week.
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The market capitalization of Reliance Industries declined by Rs 43,491.37 crore to Rs 17,26,714.05 crore in the reporting week. The market valuation of Infosys declined by Rs 27,953.78 crore to Rs 7,35,611.35 crore. HDFC Bank’s market position declined by Rs 27,866.34 crore to Rs 8,12,338.57 crore and that of HDFC by Rs 14,631.11 crore to Rs 4,31,028.49 crore. The market position of TCS came down to Rs 13,39,688.48 crore with a loss of Rs 9,348.88 crore.
Hindustan Unilever’s market valuation fell by Rs 7,119.26 crore to Rs 5,05,737.77 crore and that of Bajaj Finance by Rs 2,125.05 crore to Rs 4,43,685.79 crore. Contrary to this trend, the market capitalization of the newly included Adani Green Energy jumped by Rs 84,581.99 crore to Rs 4,48,050.99 crore. The market capitalization of ICICI Bank rose by Rs 5,559.02 crore to Rs 5,29,739.59 crore and that of SBI rose by Rs 1,249.45 crore to Rs 4,61,848.65 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, Adani Green, Bajaj Finance and HDFC respectively. The stock markets remained closed on Thursday on the occasion of Mahavari Jayanti and Dr. Babasaheb Ambedkar Jayanti. On Friday, there was a holiday in the markets on the occasion of Good Friday.