Mumbai, 13 July (IANS). Tata Consultancy Services (TCS) and Bharti Airtel’s marketcap jointly reduced to Rs 1,10,762.97 crore this week. The reason for this is the decline in the stock market.
The Sensex has fallen by 932.42 points or 1.11 percent in the business session from July 7-11.
The top 10 companies in the stock market have recorded the biggest decline in TCS market evaluation. The company’s marketcap has been reduced by Rs 56,279.35 crore to Rs 11.81 lakh crore.
The TCS shares fell by 3.5 per cent on Friday due to non -assisting of investors’ expectations.
At the same time, Bharti Airtel’s marketcap has been reduced by Rs 54,483.62 crore to Rs 10.95 lakh crore.
Additionally, the market cap of Reliance Industries, Infosys, ICICI Bank, LIC, HDFC Bank and State Bank of India was reduced.
This week, the marketcap of eight of the top 10 companies has come down by Rs 2.07 lakh crore.
In the review period, only Hindustan Unilever and Bajaj Finance’s marketcap has seen an edge.
The market evaluation of Hindustan Unilever increased by Rs 42,363.13 crore. On Friday, Priya Nair was appointed by Priya Nair as her first female CEO and MD. The share price was seen by about 5 percent.
During this period, the evaluation of Bajaj Finance has also increased by Rs 5,033.57 crore.
The business week for the Indian stock market is going to be very important. The market will affect the market moves due to quarterly results, new updated and global economic figures regarding the US-India trade deal.
In the July 14–18 trading session, companies like HCL Tech, Nelco, Tata Tech, Tejas Network, Ari Business, HDFC Life, Bank of Maharashtra, ITC Hotels, Axis Bank, HDFC MAC, Indian Hotels, Polycab, Wipro and JSW Steel will release the results.
-IANS
ABS/