‘Top’ companies of the market got a shock of ₹ 1 lakh crore! 5 giants made a splash, Reliance hoisted the flag

by

Last week was also not good for the stock market. It is a different matter that there was not much decline in Sensex and Nifty. After that, more than Rs 1 lakh crore was wiped out from the market cap of the top 5 companies of the country. In which the biggest loss was suffered by the country’s largest private lender HDFC Bank. After which more than Rs 56 thousand crores were reduced from the market cap. On the other hand, the market cap of the country’s largest company Reliance Industries has seen an increase. Whose market cap has seen an increase of more than Rs 46 thousand crore. The special thing is that an increase of more than Rs 86 thousand crore has been seen in the market cap of the top 5 companies of the country. This means that Mukesh Ambani’s company’s stake is more than 50 percent. Let us also tell you what kind of figures have been seen in the market cap of the top companies of the country.

These five companies of the country suffered the most losses

  1. The special thing is that the total market value of 5 companies in the top 10 of the country has declined by Rs 1,02,771.87 crore.
  2. The biggest loss has been suffered by the country’s largest private lender HDFC Bank, whose valuation has reduced by Rs 56,124.48 crore, and the market cap has come down to Rs 12,01,267.28 crore.
  3. The market value of the country’s largest FMCG company Hindustan Unilever fell by Rs 18,009.62 crore to Rs 4,89,631.32 crore.
  4. The value of the country’s largest NBFC company Bajaj Finance declined by Rs 15,338.42 crore to Rs 5,16,715.12 crore.
  5. The market capitalization (mcap) of the country’s largest IT company TCS fell by Rs 7,127.63 crore to Rs 8,64,940 crore.
  6. The mcap of the country’s second largest private lender ICICI Bank fell by Rs 6,171.72 crore to Rs 8,91,673.06 crore.

Highest increase in market cap of these companies

  1. There has been an increase of Rs 86,210.97 crore in the total market cap of 5 companies among the top 10 companies of the country.
  2. The value of the country’s largest company Reliance Industries increased by Rs 45,942.75 crore to Rs 19,14,235.92 crore.
  3. At the same time, the market cap of Bharti Airtel, one of the largest telecom companies of the country, increased by Rs 24,462.03 crore to Rs 10,52,893.75 crore.
  4. The market cap of State Bank of India, the country’s largest government lender, increased by Rs 10,707.52 crore to Rs 9,76,968.57 crore.
  5. The market valuation of the country’s largest insurance company LIC increased by Rs 2,624.88 crore to Rs 4,91,610.45 crore.
  6. On the other hand, Infosys, one of the country’s largest IT companies, added Rs 2,473.79 crore, taking its market cap to Rs 5,08,789.37 crore.

What do experts say?

Last week, BSE’s benchmark Sensex fell 30.96 points, or 0.04 per cent, and NSE’s Nifty fell 36.6 points, or 0.15 per cent. Ajit Mishra, Research SVP, Religare Broking Ltd, said that the market ended the week at almost flat level, but the trend was slightly negative, which shows the hidden caution among investors. The atmosphere remained positive during the first three censuses. However, the sharp fall on Thursday wiped out all the gains. After which a lot of ups and downs were seen in the last session. Reliance Industries remained the most valued company, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Infosys, LIC and Hindustan Unilever Ltd.

Leave a Comment