Market Capitalization: The market capitalization (Markt Cap) of the top 10 companies of the Sensex collectively declined by Rs 2.53 lakh crore last week. During this period, the Indian markets were also under tremendous selling pressure amid a huge fall in the global markets.
Sensex down 4 per cent last week
The 30-share BSE Sensex fell nearly four per cent on a weekly basis as foreign portfolio investors (FPIs) cut profits in stocks of large companies and select medium-sized companies. The Sensex fell 2,185.85 points or 3.57 per cent last week. On the other hand, the Nifty of the National Stock Exchange was in a loss of 638.60 points or 3.49 percent.
The condition of top 10 companies of the country
The market capitalization of the top 10 companies of the country collectively declined by Rs 2,53,394.63 crore amid a strong fall in the stock markets. In the reporting week, the market capitalization of Reliance Industries came down to Rs 16,76,291.69 crore with a loss of Rs 40,974.25 crore.
Loss to TCS and Infosys
Information technology sector companies Tata Consultancy Services (TCS) and Infosys collectively suffered a loss of Rs 1,09,498.10 crore. The market position of TCS declined to Rs 14,18,530.72 crore. The valuation of Infosys came down to Rs 7,51,144.40 crore.
Banking stocks suffered losses
At the same time, among the top banks of the country, the market valuation of HDFC Bank, ICICI Bank and State Bank of India collectively came down by Rs 29,239.04 crore.
The market valuation of HDFC Bank declined by Rs 13,563.15 crore to Rs 8,42,876.13 crore. SBI’s market position declined by Rs 4,863.91 crore to Rs 4,48,729.47 crore and ICICI Bank’s loss by Rs 10,811.98 crore to Rs 5,58,699.39 crore.
This is the condition of HUL and Bajaj Finance
The market capitalization of Hindustan Unilever declined by Rs 9,938.77 crore to Rs 5,45,622.08 crore and that of Bajaj Finance declined by Rs 27,653.67 crore to Rs 4,45,033.13 crore. HDFC’s valuation declined by Rs 22,003.75 crore to Rs 4,69,422.38 crore. The market capitalization of telecom sector major Bharti Airtel declined by Rs 14,087.05 crore to Rs 3,81,723.36 crore.
Top 10 companies of the country were here last week
Reliance Industries remained in the first place in the list of top 10 companies. It was followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, HDFC, SBI, Bajaj Finance and Bharti Airtel respectively.
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