Stock market could not find a solution to Iran crisis, giants lost Rs 2.81 lakh crore

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A big decline has been seen in the stock market during the Middle East war or Iran crisis. There has been a decline of about 3 percent in the stock market in the last trading week. In which stock market investors have lost more than Rs 15 lakh crore. The special thing is that during this period, 8 big companies of the country have suffered a loss of Rs 2.81 lakh crore. In which the biggest loss has been suffered by the country’s largest government lender SBI.

However, out of the top 10 companies of the country, there were two companies whose market cap has benefited. In which the country’s largest company was Reliance Industries. Also, there was an increase in the market cap of Infosys, which is among the biggest IT companies of the country. Let us also tell you that among the top companies of the country, which company made how much profit and how much loss.

These companies suffer more losses

  1. The market valuation of the country’s largest government lender State Bank of India fell by Rs 53,952.96 crore to Rs 10,55,567.27 crore.
  2. The valuation of ICICI Bank, the country’s second largest private lender, declined by Rs 46,936.82 crore to Rs 9,40,049.82 crore.
  3. At the same time, the valuation of the country’s largest private lender HDFC Bank decreased by Rs 46,552.3 crore to Rs 13,19,107.08 crore.
  4. The valuation of Larsen & Toubro, one of the country’s largest infra companies, declined by Rs 45,629.03 crore to Rs 5,43,208.36 crore.
  5. The market capitalization (mcap) of the country’s largest NBFC company Bajaj Finance declined by Rs 28,934.56 crore to Rs 5,91,136.03 crore.
  6. The market capitalization of the country’s largest IT company Tata Consultancy Services (TCS) declined by Rs 28,492.44 crore to Rs 9,25,380.15 crore.
  7. The mcap of the country’s largest FMCG company Hindustan Unilever declined by Rs 26,350.67 crore to Rs 5,23,042.51 crore.
  8. The mcap of Bharti Airtel, one of the country’s largest telecom companies, declined by Rs 4,732.75 crore to Rs 10,67,120.50 crore.

Market cap of these companies increased

However, the market valuation of the country’s largest company Reliance Industries increased by Rs 14,750.39 crore to Rs 19,01,583.05 crore. At the same time, the mcap of Infosys, one of the country’s largest IT companies, increased by Rs 3,459.99 crore to Rs 5,30,546.54 crore. Reliance Industries remained the most valuable domestic company, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Infosys and Hindustan Unilever. Last week, the BSE benchmark fell 2,368.29 points or 2.91 per cent. Ajit Mishra, SVP, Research, Religare Broking Ltd, said the holiday-shortened week ended with a sharp decline in the markets as rising geopolitical tensions in West Asia and a sharp rise in crude oil prices weighed on investor sentiment.

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