Market cap of 7 in top-10 companies decreased by 1.35 lakh crores due to stock market breakdown, TCS gave a loud shock
Top-10 most valuable companies in the country The united market cap of 7 in the last week declined by Rs 1.35 lakh crore. In this, Tata Consultancy Services (TCS) suffered the most shock. Last week, the BSE Sensex fell 863.18 points or 1.05 percent. During this period, the market cap of TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India (LIC) and Bajaj Finance fell jointly by Rs 1,35,349.93 crore. On the other hand, the market cap of Reliance Industries, HDFC Bank and Hindustan Unilever increased. These three companies added a total of Rs 39,989.72 crore.
TCS market cap reduced 47,487 crore
The market cap of TCS declined by Rs 47,487.40 crore to Rs 10,86,547.86 crore. Bharti Airtel’s market capitalization declined by Rs 29,936.06 crore to Rs 10,74,903.87 crore. The evaluation of Hindustan Unilever Limited rose by Rs 32,013.18 crore to Rs 5,99,462.97 crore. Reliance Industries remained the most valuable company. After that HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC and Bajaj Finance were ranked.
The market was broken by American tariff
Last week, the market was broken by Donald Trump’s announcement of 25 per cent tariff on India. According to market experts, there is a possibility of deadlock in global trade after the US government announced a 25 percent fee. Apart from this, frequent selling of foreign investors also weakened the perception. This led to a decline in the Indian market. According to Vinod Nair, the research head of Jijit Investments Limited, the Indian equity markets remained in a decline for the second consecutive day under pressure from US duty threats and punitive charges. The selling of foreign institutional investors has also weakened investor perception.
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