From Reliance to HDFC Bank, 10 companies failed, Rs 4.48 lakh crore lost in 5 days

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The days of the stock market are not going well at all. There was a big fall in the stock market due to tension in the Middle East and skyrocketing crude oil prices. Last week a decline of 5.30 percent was seen in Sensex and Nifty. Due to which the market cap of the top 10 companies of the country has suffered a loss of Rs 4.48 lakh crore. The special thing is that the banking sector has suffered the most loss. Due to which the market cap of SBI and HDFC Bank has been affected the most.

If we talk about SBI, then the market cap of the country’s largest government bank has suffered a loss of more than Rs 89 thousand crores. The market cap of 4 companies of the country has suffered a loss of more than Rs 50 thousand crores. The country’s largest company Reliance Industries is among those companies which suffered the least loss. Let us also tell you how much loss was incurred by which company among the top companies of the country.

Which company suffered how much loss?

  1. The market valuation of the country’s largest government bank State Bank of India declined by Rs 89,306.22 crore to Rs 9,66,261.05 crore.
  2. The valuation of HDFC Bank, the country’s largest private lender, declined by Rs 61,715.32 crore and came to Rs 12,57,391.76 crore.
  3. The valuation of the country’s largest NBFC company Bajaj Finance declined by Rs 59,082.49 crore to Rs 5,32,053.54 crore.
  4. The valuation of the country’s largest IT company Tata Consultancy Services (TCS) declined by Rs 53,312.52 crore to Rs 8,72,067.63 crore.
  5. The market capitalization (mcap) of the country’s second largest private lender ICICI Bank declined by Rs 42,205.04 crore to Rs 8,97,844.78 crore.
  6. The market capitalization of Bharti Airtel, one of the country’s largest telecom companies, declined by Rs 38,688.78 crore to Rs 10,28,431.72 crore.
  7. The valuation of the country’s largest company Reliance Industries declined by Rs 33,289.88 crore to Rs 18,68,293.17 crore.
  8. The market cap of the country’s largest insurance company LIC declined by Rs 31,245.49 crore to Rs 4,88,985.57 crore.
  9. The market cap of Infosys, one of the largest IT companies in the country, declined by Rs 24,230.96 crore to Rs 5,06,315.58 crore.
  10. The market cap of the country’s largest FMCG company Hindustan Unilever declined by Rs 15,401.57 crore to Rs 5,07,640.94 crore.

How much did the stock market lose last week?

Last week, the BSE benchmark Sensex fell 4,354.98 points or 5.51 per cent, and the NSE Nifty fell 1,299.35 points or 5.31 per cent. The reason for this was the rising prices of crude oil, which increased concerns about inflation pressure and global economic stability amid the increasing conflict in West Asia. Ajit Mishra, Research SVP, Religare Broking Limited, said that the main reason for this weakness in the market was the continuous increase in crude oil prices after the increasing conflict between Iran, America and Israel. Brent crude crossed $101 per barrel, raising concerns about India’s fiscal position and the future of inflation. Reliance Industries remains the most valued domestic company; This was followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Hindustan Unilever, Infosys and LIC.

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