Last week the stock market was only open for 4 days. Even after that, a huge drop was seen in Sensex and Nifty. As a result of which there was a huge loss in the market capitalization of the top 10 companies in the country. The biggest losses were suffered by the country’s largest private lender, HDFC, and the country’s largest government bank, SBI. Reliance Industries, ITC, Airtel and LIC were also among the companies that posted losses. Only two companies made profits. Which includes the two main IT companies in the country. The biggest beneficiaries include Narayan Murthy’s Infosys and TCS, Tata Group’s largest company.
However, the market capitalization of eight of the country’s top 10 companies suffered a loss of Rs 1,65,180.04 crore last week. In which HDFC Bank and State Bank of India suffered the highest loss due to weak capital trend. Last week, the BSE benchmark Sensex fell 1,906.01 or 2.39 per cent. Stock markets remained closed on Friday on the occasion of Guru Nanak Jayanti. Ajit Mishra, senior vice president of research at Religare Broking Ltd, said growing concerns over rising CPI inflation and continued disappointment in corporate earnings weighed heavily on sentiment. Let us also tell you how many losses each company has suffered.
Who has suffered losses and who has gained among the top 10 companies in the country.
- The valuation of the country’s largest private lender HDFC Bank declined by Rs 46,729.51 crore to Rs 12,94,025.23 crore.
- The market capitalization of the country’s largest government lender State Bank declined by Rs 34,984.51 crore to Rs 7,17,584.07 crore.
- The valuation of the country’s largest consumer goods company Hindustan Unilever declined by Rs 27,830.91 crore to Rs 5,61,329.10 crore.
- The market capitalization of the country’s largest company, Reliance Industries, decreased by Rs 22,057.77 crore to Rs 17,15,498.91 crore.
- The market capitalization (MCAP) of the country’s largest consumer goods company ITC has decreased by Rs 15,449.47 crore to Rs 5,82,764.02 crore.
- The market capitalization (mcap) of Bharti Airtel, one of the largest telecom companies in the country, decreased by Rs 11,215.87 crore to Rs 8,82,808.73 crore.
- The valuation of the country’s largest government insurance company, Life Insurance Corporation of India (LIC), declined by Rs 4,079.62 crore to Rs 5,74,499.54 crore.
- The valuation of the country’s second largest private lender ICICI Bank declined by Rs 2,832.38 crore to Rs 8,85,599.68 crore.
- On the other hand, the mcap of Infosys, one of the largest IT companies in the country, increased by Rs 13,681.37 crore to Rs 7,73,962.50 crore.
- The market capitalization of the country’s largest IT company Tata Consultancy Services (TCS) rose by Rs 416.08 crore to Rs 15,00,113.36 crore.