The market capitalization (market cap) of seven of the top 10 Sensex companies collectively declined by Rs 1,07,566.64 crore last week. Reliance Industries alone suffered half of this loss. The 30-share BSE Sensex lost 849.74 points or 1.70 per cent during the week. Among the top 10 companies, only Tata Consultancy Services (TCS), Hindustan Unilever (HUL) and HDFC increased their market valuations.
Bajaj Finance and SBI also fall
In the week under review, the market capitalization of Reliance Industries declined by Rs 55,565.21 crore to Rs 12,64,243.20 crore. Bajaj Finance’s market position declined by Rs 16,197.55 crore to Rs 3,12,327.04 crore and State Bank of India lost Rs 12,494.45 crore to Rs 3,18,697.88 crore.
Kotak Mahindra Bank’s market capitalization declined by Rs 11,681.66 crore to Rs 3,51,272.18 crore and ICICI Bank fell by Rs 5,467.63 crore to Rs 4,00,093.61 crore. Infosys’ market capitalization declined by Rs 3,751.92 crore to Rs 5,69,352.11 crore. HDFC Bank’s market capitalization fell to Rs 8,22,616.51 crore from a loss of Rs 2,408.22 crore.
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TCS and HDFC increase market cap
In contrast to this trend, Tata Consultancy Services’ market valuation rose by Rs 1,812.54 crore to Rs 11,34,924.45 crore. The valuation of Hindustan Unilever rose by Rs 364.19 crore to Rs 5,43,924.22 and HDFC increased by Rs 62.77 crore to Rs 4,56,741.20 crore.
Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICII Bank, Kotak Mahindra Bank, SBI and Bajaj Finance respectively.
Last time, the market valuation of eight of the 10 most valuable companies had fallen by Rs 1,38,976.88 crore. Among them, Reliance Industries and HDFC Bank suffered the biggest blow. During that week, the BSE benchmark declined by 933.84 points, or 1.83 per cent.
(Input: PTI)
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