Even though there was a rise in the stock market last week. Sensex and Nifty may have seen an increase of more than 0.50 percent, but there has been a decline in the market cap of the country’s big companies. There has been a decline of Rs 1 lakh crore in the market cap of 4 companies among the top 10 companies of the stock market. Which includes Bharti Airtel, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro. SBI has suffered the most loss.
On the other hand, Reliance Industries, HDFC Bank, ICICI Bank, Bajaj Finance, Hindustan Unilever and LIC gained during this period. The total market value of all these companies increased by Rs 46,685.21 crore. Let us also tell you how much loss has been incurred by which company and who has gained how much.
Which company benefits and which suffers loss?
- The market value of the country’s largest government lender SBI declined by Rs 44,722.34 crore to Rs 9,41,107.62 crore.
- On the other hand, the market value of Bharti Airtel, one of the biggest telecom companies of the country, declined by Rs 31,167.1 crore to Rs 11,18,055.03 crore.
- The market capitalization (market cap) of the country’s largest IT company TCS decreased by Rs 28,456.26 crore to Rs 8,66,477.69 crore.
- On the other hand, the market capitalization of the country’s largest infra company Larsen & Toubro declined by Rs 5,371.84 crore to Rs 5,46,621.21 crore.
- However, the market value of the country’s largest private lender HDFC Bank increased by Rs 15,425.09 crore, and it increased to Rs 12,02,699.26 crore.
- The market cap of the country’s largest NBFC Bajaj Finance increased by Rs 11,486.89 crore to Rs 5,94,610.02 crore.
- The market cap of the country’s largest FMCG company Hindustan Unilever increased by Rs 8,763.97 crore, taking its total valuation to Rs 5,37,562.98 crore.
- The market cap of the country’s largest company Reliance Industries increased by Rs 6,563.28 crore to Rs 19,42,866.58 crore.
- Whereas the market cap of the country’s largest insurance company LIC increased by Rs 2,751.37 crore to reach Rs 5,07,549.44 crore.
- The market valuation of ICICI Bank increased by Rs 1,694.61 crore to Rs 9,06,675.39 crore.
what do experts say
Last week, the BSE benchmark Sensex rose 414.69 points or 0.53 per cent, and the NSE Nifty rose 178.6 points or 0.74 per cent. Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said Indian equity markets have had a volatile and range-bound week. Despite intermittent attempts at improvement, investors’ attitude remained cautious. The initial boost that came from hopes of easing tensions in the Middle East and falling oil prices soon faded as tensions between the US and Iran increased again. Reliance Industries remains the most valuable company; This was followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.
