The past week has been full of turmoil not only for India but also for the stock markets around the world. Talking about the country, there has been a big decline in the market value of 8 of the top-10 most valuable companies of the Sensex index of Bombay Stock Exchange (BSE). But even in the meantime, HDFC Bank, the country’s largest private sector bank, did wonders and the investors who invested money in its shares earned about Rs 32,000 crore in just 5 days. Let us know how?
TCS and Infosys suffer huge losses
The market cap of eight of the top-10 most valuable companies of Sensex fell sharply last week and their market cap collectively decreased by Rs 1,28,913.5 crore. During this period, Tata Group’s IT giant TCS and the country’s second largest IT company Infosys were the biggest losers during trading in the stock market. Apart from this, the market value of companies ranging from Reliance, ITC to SBI and Airtel has decreased. Last week, the 30-share BSE Sensex fell 350.77 points or 0.43 percent.
These 8 companies lost money
company | damage | total market cap |
TCS | Rs 37,971.83 crore | Rs 15,49,626.88 crore |
Infosys | Rs 23,811.88 crore | Rs 7,56,250.47 crore |
ITC | Rs 16,619.51 crore | Rs 6,11,423.11 crore |
SBI | Rs 13,431.54 crore | Rs 7,56,717.85 crore |
Reliance | Rs 13,125.49 crore | Rs 20,28,695.57 crore |
Bharti Airtel | Rs 11,821.5 crore | Rs 8,50,389.88 crore |
ICICI Bank | Rs 7,843.75 crore | Rs 8,42,176.78 crore |
THEIR | Rs 4,288 crore | Rs 6,32,862.41 crore |
HDFC Bank investors rejoice
On one hand, the market capitalization of these top 8 Sensex companies has decreased in the last week. On the contrary, those who invested money in HDFC Bank shares were happy. The market value of the bank increased by Rs 32,759.37 crore and reached Rs 12,63,601.40 crore. Apart from this, the country’s largest life insurance company LIC also did wonders. LIC Market Cap increased by Rs 1,075.25 crore to reach Rs 7,47,677.98 crore in five days.
Reliance on top even after loss
Even though the market cap of Reliance Industries Limited led by Mukesh Ambani, Asia’s richest man, has declined, RIL continues to dominate the list of top-10 valuable companies and occupies the number one position. After this, TCS, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Hindustan Unilever and ITC were ranked respectively.
(Note- Before making any kind of investment in the stock market, definitely take advice from your market experts.)