Sensex Stocks of 6 out of the top 10 companies sank Rs 3,00,706 crore of investors last week. Yes, in the week ending on Friday, there was a decline of more than Rs 3 lakh crore in the market cap of 6 Sensex companies. Whereas, the market cap of the remaining 4 companies saw an increase of Rs 1,68,831.67 crore. Let us tell you that last week the BSE benchmark index Sensex had closed with a huge fall of 953.64 points (1.14 percent). While on one hand, there was the biggest decline in the market cap of TCS, on the other hand, there was a tremendous rise in the market cap of State Bank of India.
Market cap of which companies registered a rise?
Apart from TCS, the market cap of Infosys, HDFC Bank, Reliance Industries, Life Insurance Corporation of India and Bharti Airtel declined last week. On the other hand, apart from State Bank of India, market cap of Bajaj Finance, Larsen & Toubro and ICICI Bank registered a rise.
TCS market cap declined by Rs 90,198.92 crore
During this period, the market cap of Tata Group company TCS declined the most by Rs 90,198.92 crore and reached Rs 9,74,043.43 crore. Infosys’ market cap stood at Rs 5,55,287.72 crore with a loss of Rs 70,780.23 crore. HDFC Bank’s market cap declined by Rs 54,627.71 crore to Rs 13,93,621.92 crore. The valuation of Reliance Industries fell by Rs 41,883 crore to Rs 19,21,475.79 crore. LIC’s valuation declined by Rs 23,971.74 crore to Rs 5,46,226.80 crore and Bharti Airtel’s valuation declined by Rs 19,244.61 crore to Rs 11,43,044.03 crore.
Bumper increase of Rs 1,22,213.38 crore in SBI’s market cap
On the other hand, the market cap of State Bank of India increased by Rs 1,22,213.38 crore to Rs 11,06,566.44 crore. Bajaj Finance’s valuation increased by Rs 26,414.44 crore to Rs 6,37,244.64 crore. Larsen & Toubro’s market cap rose by Rs 14,483.9 crore to Rs 5,74,028.93 crore and ICICI Bank’s market cap rose by Rs 5719.95 crore to Rs 10,11,978.77 crore.
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