Last week, the BSE 30-share Sensex lost 164.26 points or 0.30 per cent. In the list of top 10 companies, Reliance Industries remained at the first position.
The market cap of six of the top 10 Sensex companies collectively declined by Rs 76,640.54 crore last week. HDFC Bank was the biggest loser. Last week, the BSE 30-share Sensex lost 164.26 points or 0.30 per cent. Among the top 10 companies, Reliance Industries, HDFC Bank, Hindustan Unilever Ltd., HDFC, State Bank of India and Kotak Mahindra Bank declined in market valuation.
The market capitalization of HDFC Bank declined by Rs 43,578.18 crore to Rs 7,97,422.67 crore in the reporting week. Hindustan Unilever Limited’s market position declined by Rs 13,004.97 crore to Rs 5,54,326.75 crore. The market valuation of HDFC declined by Rs 9,543.39 crore to Rs 4,48,566.27 crore and that of Kotak Mahindra Bank at Rs 3,41,634.86 crore with a loss of Rs 5,392.88 crore.
During the week, the market capitalization of Reliance Industries (RIL) declined by Rs 4,184.03 crore to Rs 13,34,579.57 crore and that of SBI declined by Rs 937.09 crore to Rs 3,82,999.70 crore.
These companies benefit
Contrary to this trend, the market valuation of Infosys rose by Rs 15,055.86 crore to Rs 6,77,343.70 crore. The market position of ICICI Bank rose by Rs 11,370.14 crore to Rs 4,68,639.08 crore and that of Tata Consultancy Services (TCS) to Rs 11,88,153.80 crore with a profit of Rs 6,436.35 crore.
The market valuation of Bajaj Finance rose by Rs 3,190 crore to Rs 3,73,000.18 crore.
List of top 10 companies
In the list of top 10 companies, Reliance Industries remained at the first position. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC, SBI, Bajaj Finance and Kotak Mahindra Bank respectively.
SEBI gives more time to top 100 listed companies for general meeting
While relaxing the compliance norms due to COVID-19, market regulator SEBI has given an additional one month to the top 100 companies listed by market capitalization to hold the Annual General Meeting (AGM). The Securities and Exchange Board of India (SEBI) said in the notification that such listed companies shall hold their AGMs within six months from the date of the end of the financial year 2020-21.
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