In five trading sessions this week, the market closed down for four days, but in the last trading session, the market recorded a boom. On a weekly basis, the Sensex declined by 934 points. Due to this, the market cap of BSE listed companies decreased by 4.45 lakh crore to 203.44 lakh crore rupees. In this, the market cap of only eight of the top 10 companies of the Sensex fell by Rs 1,38,976.88 crore.
Reliance Industries and HDFC Bank suffered the most losses. Among the top 10 companies, only Tata Consultancy Services (TCS) and Hindustan Unilever increased their market cap. However, Reliance shares rose 3.60 per cent due to the spurt in the last trading session and it jumped by Rs 72.40 to close at 2082 level. Due to this rise in the stock, Mukesh Ambani’s assets rose by 22 thousand crores in one day. According to the Bloomberg Billionaire Index, Mukesh Ambani has a net worth of $ 81 billion and is the tenth richest person in the world. So far this year, there has been a jump of $ 4.32 in his wealth.
Reliance’s market cap falls by 35.97 thousand crores
The market capitalization of Reliance Industries declined by Rs 35,976.08 crore to Rs 13,19,808.41 crore in the week under review. HDFC Bank’s market valuation declined by Rs 30,061.52 crore to Rs 8,25,024.73 crore and Kotak Mahindra Bank lost Rs 20,787.22 crore to Rs 3,62,953.84 crore. ICICI Bank’s market position declined by Rs 18,172.67 crore to Rs 4,05,561.24 crore. Infosys valuation dropped by Rs 12,460.17 crore to Rs 5,73,104.03 crore.
SBI market cap declines by 9013 crores
Similarly, the market capitalization of State Bank of India declined by Rs 9,013.86 crore to Rs 3,31,192.33 crore and HDFC by Rs 6,313.77 crore to Rs 4,56,678.43 crore. The market valuation of Bajaj Finance declined by Rs 6,191.59 crore to Rs 3,28,524.59 crore. In contrast to this trend, the market capitalization of Hindustan Unilever increased by Rs 25,294.91 crore to Rs 5,43,560.03 crore and TCS increased by Rs 2,348.9 crore to Rs 11,33,111.91 crore.
Reliance number one in market cap
Reliance Industries retained the first position in the list of top-10 companies. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, Kotak Mahindra Bank, State Bank of India and Bajaj Finance.
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