Market cap of six out of Sensex’s top-10 decreased by 1.36 lakh crores, Reliance gave the biggest shock
Indian stock market Due to the continuation of weakness in the market capitalization (market cap) of six out of the top 10 valuable companies in the country last week declined by more than Rs 1.36 lakh crore. In this, Reliance Industries received the biggest setback. The standard index Sensex of BSE closed down with a decline of sixth consecutive week. The last week the Sensex fell 742.12 points, or 0.92 percent, while the Nifty declined by 202.05 points, or 0.82 percent. Amid this decline, the market price of veteran companies like Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys and Hindustan Unilever declined.
These 4 companies made profits in the broken market
However, Tata Consultancy Services (TCS), State Bank of India (SBI), Life Insurance Corporation of India (LIC) and Bajaj Finance benefited during this period. Reliance Industries had to face the biggest decline, the market capitalization declined by Rs 34,710.8 crore to Rs 18,51,174.59 crore. HDFC Bank’s market capitalization declined by Rs 29,722.04 crore to Rs 15,14,303.58 crore. Capitalization of ICICI Bank also fell by Rs 24,719.45 crore to Rs 10,25,495.69 crore and Infosys fell by Rs 19,504.31 crore to Rs 5,91,423.02 crore. During this period, Bharti Airtel’s capitalization decreased by Rs 15,053.55 crore to Rs 10,59,850.32 crore and the capitalization of Hindustan Unilever fell by Rs 12,441.09 crore to Rs 5,87,021.88 crore.
On the other hand, LIC’s market status increased by Rs 17,678.37 crore to Rs 5,77,187.67 crore. During this period, the evaluation of TCS increased by Rs 11,360.8 crore to Rs 10,97,908.66 crore, SBI’s Rs 9,784.46 crore increased to Rs 7,42,649.34 crore and Bajaj Finance increased by Rs 186.43 crore to Rs 5,45,148.52 crore.
Selling of foreign investors spoiled the mood
Let us tell you that foreign portfolio investors (FPIs) have withdrawn about Rs 18,000 crore from the Indian stock market so far in August due to trade tension with the US, weak results of companies and fall in the price of rupee. Due to this, the Indian market is not taking the name of the decline.
Reliance Industries country’s most valuable company
Reliance Industries remained the most valuable company in the country in terms of market capitalization. This was followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Hindustan Unilever, LIC and Bajaj Finance respectively.
Latest business news
