The previous week was quite bad in terms of stock market. The Bombay Stock Exchange's major index Sensex saw a decline of more than 1 per cent. But there was a big decline in shares of big companies of the country. Due to which, in the valuation of 8 of the top 10 companies in the country, the combination of more than Rs 2 lakh crore was destroyed. The special thing is that TCS, Airtel and Reliance Industries have suffered the most.
These companies have suffered a loss of about Rs 1.50 lakh crore, while the rest of the companies have lost 50 thousand crores. On the other hand, the shares of the country's largest FMCG company HUL and NBFC company Bajaj Finance saw an increase and the valuation increased. Let us also tell you that out of the top 10 companies in the country, which 8 companies have suffered losses?
Market cap of these 8 companies declines
- The market cap of eight out of the top 10 most valuable companies of the Sensex fell to a collectively of Rs 2.07 lakh crore (Rs 2,07,501.58 crore) last week.
- The biggest loss was to the country's largest IT company Tata Consultancy Services (TCS). The market cap of which saw a decline of Rs 56,279.35 crore and the market cap fell to Rs 11,81,450.30 crore. The company's June quarter results have failed to encourage investors. On Friday, TCS shares fell by about 3.50 percent.
- The valuation of Bharti Airtel, one of the country's big telecom companies, fell by Rs 54,483.62 crore and the total market cap fell to Rs 10,95,887.62 crore.
- The market status of Reliance Industries, the country's largest company, fell by Rs 44,048.2 crore to Rs 20,22,901.67 crore. The company's quarterly results are due on Friday next week.
- The valuation of Infosys, one of the country's large IT companies, fell by Rs 18,818.86 crore and it was Rs 6,62,564.94 crore.
- The market capitalization of the country's second largest private lender ICICI Bank declined by Rs 14,556.84 crore to Rs 10,14,913.73 crore.
- The evaluation of the Life Insurance Corporation of India (LIC), the country's largest insurance company, declined by Rs 11,954.25 crore to Rs 5,83,322.91 crore.
- Market capitalization of the country's largest private lender HDFC bank declined by Rs 4,370.71 crore and it was Rs 15,20,969.01 crore.
- The country's largest government lender state bank's market status declined by Rs 2,989.75 crore to Rs 7,21,555.53 crore.
Market cap of these companies increases
Unlike this stance, the evaluation of Hindustan Unilever Limited, the country's largest FMCG company, increased to Rs 42,363.13 crore to Rs 5,92,120.49 crore. Hindustan Unilever Limited (HUL) shares rose by about five percent on Friday. Hindustan Unilever Priya Nair has been announced to appoint the company's first female chief executive officer (CEO) and Managing Director. The evaluation of Bajaj Finance increased by Rs 5,033.57 crore to Rs 5,80,010.68 crore. Reliance Industries stood first in the list of top 10 companies. After that HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance and Hindustan Uniler were ranked.