In the last week or rather the last 5 trading days, the stock market has suffered huge losses. If we look at the data, both Sensex and Nifty have seen a decline of more than two and a half percent. The effect of which has also been seen on the valuation of top 10 companies of the stock market. If we look at the data, in the last 5 trading days, the valuation of 9 out of the top 10 companies has decreased by Rs 3.12 lakh crore. In which the biggest loss has been suffered by the country’s largest company Reliance Industries. If we look at the figures, Reliance Industries alone has suffered a loss of more than Rs 1.34 lakh crore. On the other hand, Airtel, one of the biggest telecom companies of the country, has gained more than Rs 42 thousand crore in valuation. Let us tell you which companies have seen the impact of the stock market decline.
These companies of the country suffered huge losses
- The market value of the country’s largest company Reliance Industries fell by Rs 1,34,445.77 crore to Rs 18,08,420.81 crore.
- The value of the country’s largest government lender State Bank of India declined by Rs 52,245.3 crore to Rs 8,88,862.32 crore.
- The value of the country’s largest IT company Tata Consultancy Services (TCS) fell by Rs 47,415.04 crore to Rs 8,19,062.65 crore.
- On the other hand, the value of the country’s largest NBFC company Bajaj Finance fell by Rs 27,892.28 crore to Rs 5,66,717.74 crore.
- The market capitalization (mcap) of HDFC Bank, the country’s largest private lender, decreased by Rs 20,630.01 crore to Rs 11,82,069.25 crore.
- The market capitalization of ICICI Bank, the country’s second largest private lender, decreased by Rs 14,290 crore to Rs 8,92,385.39 crore.
- The valuation of the country’s infra company Larsen & Toubro decreased by Rs 9,078.87 crore to Rs 5,37,542.34 crore.
- At the same time, the valuation of the country’s largest FMCG company Hindustan Unilever decreased by Rs 3,970.8 crore to Rs 5,33,592.18 crore.
- The market cap of the country’s largest insurance company Life Insurance Corporation of India (LIC) declined by Rs 2,182.12 crore to Rs 5,05,367.32 crore.
- On the other hand, the market valuation of Bharti Airtel, one of the biggest telecom companies of the country, increased by Rs 42,470.13 crore to Rs 11,60,525.16 crore.
What do experts say?
Reliance Industries remained the most valued company, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC. Last week, the 30-share BSE Sensex fell 2,090.2 points, or 2.7 per cent, while the 50-share NSE Nifty fell 532.65 points, or 2.2 per cent. Ajit Mishra, SVP, Research, Religare Broking Limited, said that the markets closed with a decline this week. The markets came out of their three-week consolidation phase amid ongoing geopolitical tensions in West Asia, continued weakness in the rupee and rising inflation concerns. He said that the rapid rise in crude oil prices to beyond $105 per barrel increased concerns about imported inflation, fiscal pressures and pressure on corporate margins.
