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Market cap of six of Sensex’s 10 most valuable companies decreased by Rs 2 lakh crore, read details

Highlights

Last week, the Sensex had fallen by 952.35 points, or 1.59 per cent.
The market cap of TCS declined by Rs 76,346.11 crore to Rs 11,00,880.49 crore.
The market cap of State Bank of India stood at Rs 5,01,206.19 crore.

Mumbai. Last week, the market cap of six of the 10 most valuable companies declined by Rs 2,00,280.75 crore. The biggest losses were to Tata Consultancy Services (TCS) and Infosys. Last week, the Sensex had fallen by 952.35 points, or 1.59 per cent.

During this period, the market cap of Reliance Industries, TCS, HDFC Bank, Hindustan Unilever, Infosys and HDFC declined. On the other hand ICICI Bank, State Bank of India, Adani Transmission and Bajaj Finance were among the gainers.

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IT sector fell
The market cap of TCS declined by Rs 76,346.11 crore to Rs 11,00,880.49 crore in the week under review. Infosys’ capitalization declined by Rs 55,831.53 crore to Rs 5,80,312.32 crore. The market capitalization of Reliance Industries declined by Rs 46,852.27 crore to Rs 16,90,865.41 crore and that of Hindustan Unilever declined by Rs 14,015.31 crore to Rs 5,94,058.91 crore.

SBI’s market cap crosses 5 lakh crore
The market cap of HDFC declined by Rs 4,620.81 crore to Rs 4,36,880.78 crore and that of HDFC Bank declined by Rs 2,614.72 crore to Rs 8,31,239.46 crore. During this period, the market capitalization of Adani Transmission increased by Rs 17,719.6 crore to Rs 4,56,292.28 crore. The market capitalization of State Bank of India increased by Rs 7,273.55 crore to Rs 5,01,206.19 crore.

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market drop
Last week, the Sensex lost 952.35 points or 1.59 per cent, while the Nifty lost 302.50 points or 1.69 per cent. The Sensex closed at 58,840.79 on Friday, down 1,093.22 points or 1.82 per cent. Vinod Nair, Head of Research, Geojit Financial Services, said that despite strong macroeconomic data, rising trend of bond yields in the domestic market and dollar index led to the fall in equity markets.

Tags: BSE Sensex, market cap, Nifty, Share market, Stock Markets

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