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Companies M-Cap: The market capitalization (market cap) of six of the top 10 most valuable companies of Sensex collectively declined by Rs 1.71 lakh crore last week. The biggest losses were from Information Technology (IT) sector companies Infosys and Tata Consultancy Services (TCS). occurred to.
Reliance Industries remained at first position in the market
Reliance Industries remained at the first position among the top 10 companies of Sensex. After that, TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC and LIC were ranked respectively.
TCS, HDFC Bank m cap decline
Among the top 10 companies, Tata Consultancy Services, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever and ITC collectively lost Rs 1,71,680.42 crore in market capitalisation. At the same time, the market position of Reliance Industries, Bharti Airtel, State Bank of India (SBI) and Life Insurance Corporation of India (LIC) increased.
Infosys suffered the most loss
In the week under review, the market capitalization of Infosys declined by Rs 62,948.4 crore to Rs 7,53,678.38 crore. Infosys suffered the most loss. After the announcement of third quarter results, Infosys shares fell by almost percent on Friday amid profit booking.
HUL, ICICI Bank also remained in loss
The market capitalization of TCS declined by Rs 50,598.95 crore to Rs 14,92,714.37 crore. Hindustan Unilever’s valuation declined by Rs 20,605.92 crore to Rs 5,53,152.52 crore and ICICI Bank’s valuation declined by Rs 16,005.84 crore to Rs 8,65,495.17 crore. The market capitalization of HDFC Bank declined by Rs 15,640.8 crore to Rs 12,51,799.81 crore. ITC’s M cap declined by Rs 5,880.51 crore and stood at Rs 5,50,702.93 crore.
Valuation of Reliance Industries increased
Contrary to this trend, the valuation of Reliance Industries increased by Rs 79,773.34 crore to reach Rs 17,60,967.69 crore. The market capitalization of State Bank of India increased by Rs 18,697.08 crore to Rs 6,81,930.22 crore. LIC added Rs 9,993.5 crore during the week and its market capitalization reached Rs 5,40,724.05 crore. Market capitalization of Bharti Airtel increased by Rs 7,080.98 crore to Rs 9,27,014.97 crore.
Last week, the 30-share BSE Sensex fell 759.58 points or 0.98 percent. Whereas the Nifty of National Stock Exchange fell by 228.3 points or 0.97 percent.
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