Stock market
Last week, there was a lot of uproar in the stock market. There has been a decline in the Indian market amidst global tension, in which the health of the top valuable companies has spoiled. The market cap of TCS declined drastically. While, HDFC and Reliance’s market cap jumped.
A joint market assessment of seven out of the 10 most valuable companies in the country declined by Rs 1.35 lakh crore last week. In this, Tata Consultancy Services (TCS) suffered the most shock. Last week, the BSE Sensex was lost 863.18 points or 1.05 percent. During this period, the market evaluation of TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India (LIC) and Bajaj Finance jointly fell by Rs 1,35,349.93 crore.
They benefited
Where a legendary company like a TCS suffered losses. On the other hand, the joint assessment of Reliance Industries, HDFC Bank and Hindustan Unilever has increased. These three companies have added a total of Rs 39,989.72 crore. The evaluation of TCS declined by Rs 47,487.4 crore to Rs 10,86,547.86 crore. Bharti Airtel’s market cap declined by Rs 29,936.06 crore to Rs 10,74,903.87 crore. The evaluation of Hindustan Unilever Limited increased by Rs 32,013.18 crore to Rs 5,99,462.97 crore.
Reliance Industries remained the most valuable company. After that HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC and Bajaj Finance have been ranked.
How was the market
At the same time, if you spend the stock market on the last day of the week i.e. Friday, then there was a huge decline in it. Trump tariffs were seen in the domestic market during the market. But as the market was closed, the Sensex once again dives. Dalal Street closed with red mark and the market’s major index i.e. the Sensex declined by about 585.67 points to close at 80,599.91. During this time, selling in 23 companies in 30 listed on it dominated it. Among them too, Sunforma shares lost 5 percent to 5 percent to close at Rs 1629.