The market capitalization (market cap) of nine of the top 10 companies of the Sensex fell by Rs 2,19,920.71 crore last week. The Sensex broke more than three percent during the week. Among the top 10 Sensex companies, only the market valuation of Reliance Industries increased. The market capitalization of Tata Consultancy Services (TCS) declined by Rs 81,506.34 crore to Rs 10,71,263.77 crore. HDFC Bank’s market valuation declined by Rs 2,202.12 crore to Rs 8,45,552.53 crore.
How much loss to whom?
Similarly, ICICI Bank’s market capitalization has come down by Rs 18,098.57 to Rs 4,13,078.87 crore. At the same time, the market capitalization of Hindustan Unilever came down to Rs 5,00,937.14 crore from a loss of Rs 11,536.32 crore. The valuation of HDFC declined by Rs 35,389.88 crore to Rs 4,57,518.73 crore and Infosys lost Rs 16,613.57 crore to Rs 5,33,487.07 crore.
Bajaj Finance’s market capitalization declined by Rs 15,712.46 crore to Rs 3,15,653.33 crore. Kotak Mahindra Bank’s market valuation declined by Rs 30,695.43 crore to Rs 3,53,081.63 crore. The market valuation of SBI declined by Rs 8,166.02 crore and it came down to Rs 3,48,138.34 crore.
BSE fell 3.46% last week
Among the top 10 Sensex companies, only Reliance Industries’ market valuation increased. The market capitalization of the company increased by Rs 2,092.01 crore to Rs 13,21,044.35 crore. Last week, the 30-share BSE Sensex fell by 1,786 points or 3.46 per cent. Reliance Industries ranked first in the list of top 10 companies of SENSEX. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Kotak Mahindra Bank, SBI and Bajaj Finance respectively.
Earlier, the market valuation of eight of the 10 most valuable companies was reduced by Rs 1,23,670.47 crore last time. This was according to the declining trend in the stock market. The BSE benchmark lost 654.54 points, or 1.26 per cent, over the past week. Only Reliance Industries (RIL) and State Bank of India (SBI) emerged among the top 10 most valued companies.