last Due to the sharp fall in the domestic stock market this week, the market cap of 8 out of the top 10 Sensex companies decreased by Rs 2,81,581.53 crore. Whereas, the market cap of the remaining 2 companies increased by a total of Rs 18,210.38 crore. Let us tell you that last week a catastrophic fall of 2368.29 points (2.91 percent) was recorded in the BSE benchmark index Sensex. During this period, the largest public sector bank – State Bank of India suffered the biggest loss. Apart from State Bank of India, the names of 8 Sensex companies which were in loss last week include ICICI Bank, HDFC Bank, L&T, Bajaj Finance, TCS, Hindustan Unilever and Bharti Airtel.
Biggest decline in market cap of State Bank of India
Amid a huge fall in the domestic stock market, the market cap of State Bank of India (SBI) declined by Rs 53,952.96 crore to Rs 10,55,567.27 crore last week. The valuation of ICICI Bank declined by Rs 46,936.82 crore and came to Rs 9,40,049.82 crore. The market cap of HDFC Bank declined by Rs 46,552.3 crore to Rs 13,19,107.08 crore. The market cap of Larsen & Toubro (L&T) declined by Rs 45,629.03 crore and reached Rs 5,43,208.36 crore. Bajaj Finance’s valuation declined by Rs 28,934.56 crore to Rs 5,91,136.03 crore.
Increase recorded in market cap of Reliance Industries and Infosys
Apart from these, the market cap of Tata Consultancy Services (TCS) declined by Rs 28,492.44 crore to reach Rs 9,25,380.15 crore. Hindustan Unilever’s valuation declined by Rs 26,350.67 crore to Rs 5,23,042.51 crore and Bharti Airtel’s market cap fell by Rs 4,732.75 crore to Rs 10,67,120.50 crore. On the other hand, the market cap of Reliance Industries increased by Rs 14,750.39 crore to Rs 19,01,583.05 crore and the market cap of Infosys increased by Rs 3459.99 crore to Rs 5,30,546.54 crore.
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