TCS-Irtel investors suffered the most loss, Bajaj Finance and HUL benefited in the broken market
Stock market There was a big decline last week. The 30 -share Sensex of BSE closed down 932.42 points or 1.11 percent. At the same time, the National Stock Exchange’s Nifty lost 311.15 points. This led to a decline in shares of 8 of the top-10 companies included in the Sensex. This caused losses to investors investing in these companies. Let us tell you that the market capitalization (market cap) of eight out of the top 10 most valuable companies of Sensex fell to Rs 2.07 lakh crore (Rs 2,07,501.58 crore) last week. Tata Consultancy Services (TCS) and Bharti Airtel were the highest loss. The market evaluation of only Bajaj Finance and Hindustan Unilever out of the top 10 increased.
Big decline in TCS market cap
The impact of the decline in the stock market last week was seen on the market capitalization (market cap) of many major companies of the country. There was a significant decrease in the evaluation of many legendary companies including Tata Consultancy Services (TCS), Bharti Airtel, Reliance Industries, Infosys, ICICI Bank, LIC, HDFC Bank and State Bank of India.
Major companies declining market capitalization:
Tata Consultancy Services (TCS)
- Market capitalization reduced to ₹ 11,81,450.30 crore
- Fall: ₹ 56,279.35 crore
Bharti Airtel
- Capitalization reduced to ₹ 10,95,887.62 crore
- Fall: ₹ 54,483.62 crore
Reliance Industries
- Market status reduced to ₹ 20,22,901.67 crore
- Fall: ₹ 44,048.20 Crore
Infosys
- Evaluation reduced to ₹ 6,62,564.94 crore
- Fall: ₹ 18,818.86 crore
ICICI Bank
- Capitalization reduced to ₹ 10,14,913.73 crore
- Fall: ₹ 14,556.84 crore
Life Insurance Corporation of India (LIC)
- Market price reduced to ₹ 5,83,322.91 crore
- Fall: ₹ 11,954.25 crore
HDFC Bank
- Capitalization reduced to ₹ 15,20,969.01 crore
- Fall: ₹ 4,370.71 crore
State Bank of India (SBI)
- Market capitalization reduced to ₹ 7,21,555.53 crore
- Fall: ₹ 2,989.75 crore
Reliance Industries persists first place
The shares of Hindustan Unilever Limited (HUL) recorded a fast of about 5 percent on Friday. Due to this surge, the company’s market capitalization increased by ₹ 42,363.13 crore to ₹ 5,92,120.49 crore. HUL recently announced Priya Nair to appoint the company’s first female chief executive officer (CEO) and Managing Director, which was considered a positive sign for investors. Similarly, the market price of Bajaj Finance increased by ₹ 5,033.57 crore to ₹ 5,80,010.68 crore.
Reliance Industries remains in the first place in the country’s top 10 companies list. This was followed by HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance, and Hindustan Unilever respectively.
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