The ‘giants’ of the market got a shock of ₹ 2.18 lakh crore! Market cap of 9 companies boomed; Panic among investors

by

Last week was very bad for the stock market. There was a fall of more than 1500 points in Sensex. Due to which there was a huge decline in the valuation of 9 out of the top 10 companies of the stock market. The market cap of these 9 companies suffered a loss of more than Rs 2.18 lakh crore. In which Bharti Airtel has suffered the most loss. Whereas there has been only one company whose market cap has seen an increase, which is Hindustan Unilever. There has been a slight increase of about Rs 5,500 crore in the market cap of HUL. Let us also tell you how much loss has been incurred by which company in the stock market.

Which company suffered how much loss?

  1. The market valuation of Bharti Airtel, one of the country’s largest telecom companies, fell by Rs 55,852.12 crore to Rs 10,71,853.25 crore.
  2. On the other hand, the valuation of the country’s largest private lender HDFC Bank fell by Rs 37,580.1 crore to Rs 13,65,659.38 crore.
  3. The market valuation of the country’s largest company Reliance Industries decreased by Rs 34,846.12 crore to Rs 18,86,832.66 crore.
  4. The market valuation of the country’s largest NBFC Bajaj Finance declined by Rs 20,316.41 crore to Rs 6,20,070.59 crore.
  5. The market capitalization (mcap) of the country’s largest IT company Tata Consultancy Services declined by Rs 18,180.89 crore to Rs 9,53,872.59 crore.
  6. The valuation of the country’s largest insurance company Life Insurance Corporation of India (LIC) declined by Rs 14,990.24 crore to Rs 5,37,213.68 crore.
  7. The valuation of the country’s largest infra company Larsen & Toubro declined by Rs 13,714.85 crore to Rs 5,88,837.39 crore.
  8. The mcap of State Bank of India, the country’s largest government lender, declined by Rs 13,061.33 crore to Rs 11,09,520.23 crore.
  9. The valuation of the country’s second largest private lender ICICI Bank declined by Rs 10,360.03 crore to Rs 9,86,986.64 crore.
  10. The country’s largest FMCG company Hindustan Unilever added Rs 5,462.81 crore, taking its mcap to Rs 5,49,393.18 crore.

Why did the decline occur?

Reliance Industries retained the title of most valuable company, followed by HDFC Bank, State Bank of India, Bharti Airtel, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC. Last week, the BSE benchmark fell 1,527.52 points or 1.84 percent. Ajit Mishra, SVP, Research, Religare Broking Limited, said that equity markets remained under pressure at the end of the week due to continued geopolitical tension and weakness in technology stocks impacting sentiment.

Leave a Comment