Last week there was a huge drop in the stock market, yet two companies made huge profits for their investors. Both companies are associated with the IT sector. Yes, Infosys and TCS were the only companies included in the Sensex top 10 that made huge gains. On the other hand, 8 companies including Reliance and SBI have suffered huge losses.
Loss for 8 companies, big blow for the OSE
Based on market capitalization, the market capitalization of eight companies in the country’s top 10 decreased by a total of Rs 1,65,180.04 crore last week. Meanwhile, in just four days of trading sessions last week, BSE Sensex fell by 1,906.01 points or 2.39 per cent. Let us tell you that the stock market was closed on Friday on the occasion of Guru Nanak Jayanti. During this period, the country’s largest bank SBI had to bear the biggest loss and its market capitalization decreased by Rs 34,984.51 crore to Rs 7,17,584.07 crore.
These companies lost billions of rupees.
Among other companies that declined last week, Hindustan Unilever’s market capitalization (HUL MCap) decreased by Rs 27,830.91 crore to Rs 5,61,329.10 crore, Mukesh Ambani’s company Reliance Industries’ MCap decreased by Rs 22,057 .77 crore to Rs 17,15,498.91 crore. . While ITC’s market capitalization decreased by Rs 15,449.47 crore to Rs 5,82,764.02 crore, that of Bharti Airtel (Airtel MCap) decreased by Rs 11,215.87 crore to Rs 8,82,808.73 crore. rupees.
Apart from this, Life Insurance Corporation of India (LIC)’s mcap decreased by Rs 4,079.62 crore to Rs 5,74,499.54 crore and ICICI Bank’s valuation decreased by Rs 2,832.38 crore to Rs 8,85,599. .68 crores.
Infosys-TCS continued to make profits
On one hand, last week turned out to be bad for 8 companies including Reliance-SBI and investors got a big shock, while on the other hand, despite huge fluctuations in the stock market, Infosys showered money to its investors and its Infosys MCap with a jump of Rs 13,681.37 crore, rose to Rs 7,73,962.50 crore. Tata Group’s tech giant Tata Consultancy Services (TCS) was also included among the for-profit companies and its market value increased by Rs 416.08 crore to Rs 15,00,113.36 crore.
Mukesh Ambani’s company remains at number 1
Even though there has been a decline in Reliance shares in the last few days and due to this, the market capitalization of Reliance Industries has decreased. But despite this, Mukesh Ambani’s company occupies the first position in the list of the most valuable companies in the country. After this, TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, ITC, LIC and Hindustan Unilever were ranked respectively.
(Note: Before making any kind of investment in the stock market, definitely consult your market experts.)
