Last week, the 30-share BSE Sensex fell 1,538.64 points or 2.52 percent. There is concern among investors that the US central bank may raise interest rates further due to inflation. Apart from this, foreign fund outflow also affected the market sentiment.
Mcap of Top 10 Firms: The market cap of 9 of the top 10 companies of Sensex has collectively declined by Rs 1,87,808.26 crore in the last week. During this, HDFC Bank and Reliance Industries suffered the most. Last week, the 30-share BSE Sensex fell 1,538.64 points or 2.52 percent. There is concern among investors that the US central bank may raise interest rates further due to inflation. Apart from this, foreign fund outflow also affected the market sentiment.
How much loss to whom
Barring ITC, all other companies in the top 10 declined in market cap during the week.
- HDFC Bank’s market cap declined by Rs 37,848.16 crore to Rs 8,86,070.99 crore during the week.
- The market cap of Reliance Industries declined by Rs 36,567.46 crore and stood at Rs 16,14,109.66 crore.
- The market capitalization of Tata Consultancy Services (TCS) declined by Rs 36,444.15 crore to Rs 12,44,095.76 crore.
- And the HDFC declined by Rs 20,871.15 crore to Rs 4,71,365.94 crore.
- ICICI Bank’s market cap declined by Rs 15,765.56 crore to Rs 5,86,154.58 crore.
- Infosys’ valuation declined by Rs 13,465.86 crore to Rs 6,52,862.70 crore.
- The market cap of Bharti Airtel declined by Rs 10,729.2 crore to Rs 4,22,034.05 crore.
- The market valuation of the State Bank of India (SBI) declined by Rs 8,879.98 crore to Rs 4,64,927.66 crore.
- The market cap of Hindustan Unilever declined by Rs 7,236.74 crore to Rs 5,83,697.21 crore.
Only ITC got a profit
In contrast to the trend, the market capitalization of ITC surged by Rs 2,143.73 crore to Rs 4,77,910.85 crore.
Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, ITC, HDFC, SBI, and Bharti Airtel respectively.
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