Last week the stock market remained open only for 4 days. Even after that, a big fall was seen in Sensex and Nifty. Due to which there was a huge loss in the market cap of the top 10 companies of the country. The country’s largest private lenders HDFC and SBI suffered the most losses. Reliance Industries, ITC, Airtel and LIC were also among the loss making companies. Profit was seen in only two companies. In which both the top IT companies of the country are included. The biggest beneficiaries include Narayan Murthy’s Infosys and Tata Group’s largest company TCS.
However, the market cap of eight of the top 10 companies of the country suffered a loss of Rs 1,65,180.04 crore last week. In which HDFC Bank and State Bank of India suffered the most loss due to weak trend in equity. Last week, BSE benchmark Sensex fell 1,906.01 or 2.39 per cent. Stock markets remained closed on Friday on the occasion of Guru Nanak Jayanti. Ajit Mishra, SVP, Research, Religare Broking Ltd, said rising concerns over rising CPI inflation and continued disappointment in corporate earnings weighed heavily on sentiment. Let us also tell you how much loss has been incurred by which company.
Who has suffered loss and who has gained in the top 10 companies of the country.
- The valuation of the country’s largest private lender HDFC Bank declined by Rs 46,729.51 crore to Rs 12,94,025.23 crore.
- The market cap of the country’s largest government lender State Bank declined by Rs 34,984.51 crore to Rs 7,17,584.07 crore.
- The valuation of the country’s largest FMCG company Hindustan Unilever declined by Rs 27,830.91 crore to Rs 5,61,329.10 crore.
- The market cap of the country’s largest company Reliance Industries declined by Rs 22,057.77 crore to Rs 17,15,498.91 crore.
- The market capitalization (MCAP) of the country’s largest FMCG company ITC has declined by Rs 15,449.47 crore to Rs 5,82,764.02 crore.
- The market cap (mcap) of Bharti Airtel, one of the largest telecom companies in the country, declined by Rs 11,215.87 crore to Rs 8,82,808.73 crore.
- The valuation of the country’s largest government insurance company Life Insurance Corporation of India (LIC) declined by Rs 4,079.62 crore to Rs 5,74,499.54 crore.
- The valuation of the country’s second largest private lender ICICI Bank declined by Rs 2,832.38 crore to Rs 8,85,599.68 crore.
- On the other hand, the mcap of Infosys, one of the largest IT companies in the country, increased by Rs 13,681.37 crore to Rs 7,73,962.50 crore.
- The market cap of the country’s largest IT company Tata Consultancy Services (TCS) increased by Rs 416.08 crore to Rs 15,00,113.36 crore.
