market capitalization
The market valuation (m-Cap) of 9 of the top-10 most valuable Sensex companies collectively declined by Rs 4,74,906.18 crore last week. During this period, Reliance Industries and HDFC Bank suffered the biggest loss. The 30-share BSE Sensex fell 3,883.4 points or 4.53 percent last week due to rising tensions in West Asia and continuous withdrawal of foreign funds. In the week under review, the market valuation (market cap) of Reliance Industries declined by Rs 1,88,479.36 crore to Rs 18,76,718.24 crore.
HDFC Bank lost Rs 72,919 crore
The market capitalization of HDFC Bank declined by Rs 72,919.58 crore last week to Rs 12,64,267.35 crore. Bharti Airtel’s market capitalization declined by Rs 53,800.31 crore to Rs 9,34,104.32 crore. While the valuation of ICICI Bank declined by Rs 47,461.13 crore to Rs 8,73,059.59 crore. The valuation of Life Insurance Corporation of India (LIC) declined by Rs 33,490.86 crore to Rs 6,14,125.65 crore and that of Hindustan Unilever declined by Rs 27,525.46 crore to Rs 6,69,363.31 crore.
ITC lost Rs 24,139 crore
ITC’s market cap declined by Rs 24,139.66 crore to Rs 6,29,695.06 crore. The market capitalization of Tata Consultancy Services (TCS) declined by Rs 21,690.43 crore to Rs 15,37,361.57 crore. The valuation of State Bank of India (SBI) declined by Rs 5,399.39 crore to Rs 7,10,934.59 crore.
Infosys market cap increased
However, contrary to this trend, the market valuation of Infosys increased by Rs 4,629.64 crore to Rs 7,96,527.08 crore. Reliance Industries remained at the first position in the list of top-10 companies. It was followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, Hindustan Unilever, ITC and LIC respectively.
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