Tuesday, December 5th, 2023

TCS-Infosys and Reliance defrauded investors, SBI, ICICI Bank filled the bag

Photo:FILE market cap)

Sensex The market capitalization (market cap) of five of the top 10 companies of India declined by Rs 62,586.88 crore last week. The biggest losers were information technology sector companies Tata Consultancy Services (TCS) and Infosys. Last week, the 30-share BSE Sensex lost 180.74 points or 0.27 percent. Whereas the National Stock Exchange’s Nifty fell by 35.95 points or 0.18 percent. In the week under review, the market capitalization of TCS declined by Rs 26,308.58 crore to Rs 12,91,919.56 crore. Infosys’ market valuation declined by Rs 25,296.43 crore to Rs 5,95,597.10 crore. The market capitalization of Reliance Industries declined by Rs 5,108.05 crore to Rs 15,87,553.37 crore. Due to this, investors investing in the stocks of these companies had to suffer huge losses.

These companies also gave a shock

Whereas the market valuation of Hindustan Unilever declined by Rs 3,865.08 crore to Rs 5,79,373.96 crore. HDFC Bank’s market capitalization suffered a loss of Rs 2,008.74 crore and stood at Rs 11,57,145.86 crore. Contrary to this trend, the market value of Bajaj Finance increased by Rs 20,413.41 crore to Rs 4,73,186.41 crore. Bharti Airtel’s market capitalization increased by Rs 8,520.13 crore to reach Rs 5,19,279.14 crore. ITC’s market cap increased by Rs 1,526.52 crore to Rs 5,54,207.44 crore.

ICICI Bank’s capitalization increased

The market capitalization of ICICI Bank jumped by Rs 1,296.63 crore and reached Rs 6,66,728.97 crore. The market capitalization of State Bank of India (SBI) increased by Rs 535.48 crore to Rs 5,34,316.52 crore. Reliance Industries remained at first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, SBI, Bharti Airtel and Bajaj Finance respectively.

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