Mumbai.
Last week, the market capitalization (market cap) of five of the top 10 Sensex companies has collectively seen a decline of Rs 1,85,952.31 crore. HDFC Bank suffered the most loss. Last week, the 30-share BSE Sensex fell 1,844.2 points. Whereas the National Stock Exchange’s Nifty remained at a loss of 573.25 points. The market valuations of Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India (SBI) and ITC declined in the week under review.
At the same time, the market position of Tata Consultancy Services (TCS), Bharti Airtel, Infosys, Hindustan Unilever and HCL Technologies, which recently joined the top 10 list, increased. During the week, the market capitalization of HDFC Bank declined by Rs 70,479.23 crore to Rs 12,67,440.61 crore, the market valuation of ITC declined by Rs 46,481 crore to Rs 5,56,583.44 crore, the market capitalization of SBI declined by Rs 44,935.46 crore to Rs 6,63,233.14 crore, the valuation of Reliance Industries declined by Rs 46,481 crore during the week. ICICI Bank’s valuation declined by Rs 12,179.13 crore to Rs 16,81,194.35 crore and ICICI Bank’s valuation declined by Rs 11,877.49 crore to Rs 8,81,501.01 crore.
Contrary to this trend, the market capitalization of TCS increased by Rs 60,168.79 crore to reach Rs 15,43,313.32 crore. The December quarter net profit of IT services company TCS has increased by 11.95 percent to Rs 12,380 crore. After this, the company’s shares rose six percent on Friday.
The market valuation of HCL Tech increased by Rs 13,120.58 crore to Rs 5,41,539.01 crore. Infosys’ market capitalization stood at Rs 8,16,626.78 crore, a jump of Rs 11,792.44 crore. Bharti Airtel’s valuation increased by Rs 8,999.41 crore to Rs 9,19,933.99 crore. Hindustan Unilever’s market capitalization increased by Rs 8,564.26 crore to Rs 5,73,758.44 crore. Reliance Industries remained at the first position in the list of top 10 Sensex companies. It was followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC and HCL Tech respectively.
