TCS and Infosys made the biggest loss to investors, Reliance-SBI’s investors got silver
TCS And Infosys shocked its investors last week. At the same time, investors of Reliance and SBI made good earnings. In fact, the market capitalization (market cap) of seven of the top 10 companies of the Sensex collectively declined by Rs 1,54,477.38 crore last week. Information technology companies Tata Consultancy Services (TCS) and Infosys were the biggest losers. Last week, the 30-share BSE Sensex fell 812.28 points or 1.36 per cent. Only Reliance Industries, ICICI Bank and State Bank of India (SBI) gained in market capitalization during the week. The market capitalization of TCS fell the most by Rs 59,862.08 crore to Rs 11,78,818.29 crore in the week under review. The market valuation of Infosys declined by Rs 31,789.31 crore to Rs 6,40,351.57 crore.
HDFC Bank’s capitalization decline
HDFC Bank’s market position declined by Rs 16,090.67 crore to Rs 8,13,952.05 crore. Hindustan Unilever’s market valuation declined by Rs 14,814.18 crore to Rs 6,04,079.91 crore. Similarly, the market position of Bajaj Finance declined by Rs 14,430.4 crore to Rs 4,27,605.59 crore and that of HDFC declined by Rs 13,031.62 crore to Rs 4,34,644.36 crore. The market valuation of Life Insurance Corporation (LIC) declined by Rs 4,459.12 crore to Rs 4,29,309.22 crore. Contrary to this trend, the market capitalization of Reliance Industries rose by Rs 3,500.56 crore to Rs 17,71,645.33 crore. SBI’s market valuation increased by Rs 3,034.37 crore to Rs 4,67,471.16 crore and that of ICICI Bank rose by Rs 523.02 crore to Rs 6,06,330.11 crore.
Reliance Industries retained the first position
Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, SBI, HDFC, LIC and Bajaj Finance respectively.
There was a big fall in the stock market last week
Last week, the 30-share BSE Sensex was down 812.28 points or 1.36 per cent. On the other hand, the Nifty of the National Stock Exchange lost 199.55 points or 1.12 per cent.
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