M-Cap: Sensex dropped 1,829 points last week, RIL and HDFC Bank suffered the biggest loss.
Stock Market Investors Wealth: M-Cap stock market continues to fluctuate. In such a situation, in the last trading week, the mcap of 8 out of the top 10 companies of the country has decreased by Rs 2.28 lakh crore. This week there has been a big loss in the mcap of HDFC Bank and Reliance Industries. Let us know what is the ranking of which company among the top firms in the country this week?
Muskan Kumawat
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The market cap of 8 out of the top 10 Sensex companies has decreased last week. The market cap of these companies has collectively declined by Rs 2,28,690.56 lakh crore in the last week. This week the stock market traded only for 4 days. Stock markets were closed on Tuesday on the occasion of Ganesh Chaturthi.
Last week, the BSE benchmark fell 1,829.48 points or 2.69 percent and the Nifty fell 518.1 points or 2.56 percent.
Among the top 10 pack, M-caps of Reliance Industries, HDFC Bank, ICICI Bank, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance have fallen. At the same time, there has been an increase in the mcap of Tata Consultancy Services (TCS) and Hindustan Unilever.
The market valuation of HDFC Bank declined by Rs 99,835.27 crore to Rs 11,59,154.60 crore. Last week the company's shares fell by about 8 percent. After this, the valuation of Reliance Industries decreased by Rs 71,715.6 crore to Rs 15,92,661.42 crore. The company's shares fell by more than 4 percent last trading week.
The valuation of ICICI Bank declined by Rs 29,412.17 crore to Rs 6,65,432.34 crore and that of Bharti Airtel declined by Rs 12,964.55 crore to Rs 5,10,759.01 crore. The market capitalization of Infosys declined by Rs 6,744.34 crore to Rs 6,20,893.53 crore and that of ITC declined by Rs 6,484.52 crore to Rs 5,52,680.92 crore.
The mcap of Bajaj Finance declined by Rs 1,266.37 crore to Rs 4,52,773 crore and that of State Bank of India declined by Rs 267.74 crore to Rs 5,33,781.04 crore. However, Hindustan Unilever added Rs 2,913.49 crore taking its valuation to Rs 5,83,239.04 crore. TCS' mcap increased by Rs 1,024.53 crore to Rs 13,18,228.14 crore.
In the ranking of top-10 companies, Reliance Industries is at the top. This was followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance.
