FridayIn the week ending January 16, a total decline of Rs 75,549.89 crore was recorded in the market cap of 7 of the 10 most valuable Sensex companies. Whereas, the market cap of the remaining 3 companies increased by Rs 75,855.43 crore. Last week, there was trading in the market only for 4 days, because the markets were closed due to BMC elections in Mumbai. In the week of 4 sessions, BSE Sensex fell by 5.89 points while Nifty closed with a gain of 11.05 points. Last week, there was a jump in the market cap of State Bank of India (SBI), ICICI Bank and Infosys.
Reliance’s market cap declined by Rs 23,952.48 crore
On the other hand, last week the market cap of Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, Bajaj Finance, Hindustan Unilever and Larsen & Toubro declined. During this period, Reliance Industries suffered the most loss. Reliance’s market cap fell by Rs 23,952.48 crore to Rs 19,72,493.21 crore. Larsen & Toubro’s market valuation fell by Rs 23,501.8 crore to Rs 5,30,410.23 crore. HDFC Bank’s valuation fell by Rs 11,615.35 crore to Rs 14,32,534.91 crore and Bharti Airtel’s valuation fell by Rs 6443.38 crore to Rs 11,49,544.43 crore.
Slight decline in TCS valuation
The market cap of Bajaj Finance declined by Rs 6253.59 crore to Rs 5,91,447.16 crore and that of Hindustan Unilever declined by Rs 3312.93 crore to Rs 5,54,421.30 crore. Whereas, the valuation of TCS declined by Rs 470.36 crore to Rs 11,60,212.12 crore.
Highest increase in market cap of State Bank of India
The market cap of State Bank of India increased the most by Rs 39,045.51 crore and it increased to Rs 9,62,107.27 crore. Infosys’ market cap rose by Rs 31,014.59 crore to Rs 7,01,889.59 crore and ICICI Bank’s market cap rose by Rs 5,795.33 crore to Rs 10,09,470.28 crore.
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