Photo: File Share Market
relianceInvestors of TCS, Infosys, Airtel and ICICI Bank were disappointed last week. In fact, due to the fall in the stock market, the shares of these companies were broken, due to which the investors who invested in them suffered losses. Last week, the 30-share BSE Sensex lost 686.83 points or 1.09 per cent. The market capitalization (market cap) of five of the top 10 Sensex companies declined collectively by Rs 1,67,602.73 crore last week. Reliance Industries was the biggest loser. Reliance Industries, Tata Consultancy Services (TCS), Infosys, Bharti Airtel and ICICI Bank declined in market capitalization during the week.
These companies gave advantage in the falling market
Hindustan Unilever, HDFC Bank, Adani Enterprises, SBI and HDFC among the top 10 Sensex gainers in the falling market. That is, their investors got profit. The market capitalization of Hindustan Unilever rose by Rs 24,882.17 crore to Rs 6,39,370.77 crore. The market valuation of HDFC Bank surged by Rs 13,493.73 crore to Rs 9,09,600.11 crore and that of Adani Enterprises by Rs 8,475.91 crore to Rs 4,55,521.65 crore. The market capitalization of State Bank of India (SBI) increased by Rs 7,942.90 crore to reach Rs 5,50,157.69 crore. HDFC’s valuation jumped by Rs 1,129.55 crore to Rs 4,86,755.77 crore.
Reliance’s market cap decreased to 17,65,173 crores
The market capitalization of Reliance Industries declined by Rs 76,821.01 crore to Rs 17,65,173.47 crore in the week under review. TCS’s market valuation stood at Rs 12,04,797.55 crore with a loss of Rs 53,641.69 crore. Infosys’ market cap declined by Rs 29,330.33 crore to Rs 6,60,184.76 crore. Bharti Airtel’s valuation declined by Rs 7,705.08 crore to Rs 4,64,529.84 crore. ICICI Bank’s market cap declined by Rs 104.62 crore to Rs 6,49,102.84 crore.
Reliance Industries retained the first position
Contrary to this trend, 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, HDFC, Bharti Airtel and Adani Enterprises respectively.
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