Sunday, March 26th, 2023

Reliance, TCS, Infosys, Airtel and ICICI disappointed investors, these companies filled their pockets

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.

latest business news

The farmers of this state will not get the 13th installment of PM Samman Nidhi, said the Agriculture Minister

PM Kisan Samman Nidhi Yojana: The Modi government at the Center is running various schemes to make crores of farmers financially strong across the country. In this, financial assistance is mainly being given to...

Moonlighting: Jobseekers beware of ‘Moonlighting’! Infosys threatens employees not to do so

Photo:FILE infosys Moonlighting : If you are also doing moonlighting and keeping your company in the dark, then be careful. Now companies are preparing to rein in this wrong practice that has been going...

Opportunity to earn big, you can earn profit by investing money in this IPO

Photo:FILE IPO IPO News: If you are waiting for big earnings in the stock market, then a good opportunity is coming for you. The initial public offering (IPO) of airport services aggregator platform Dreamfox...