Market Analysis: The market capitalization (market cap) of seven of the top 10 Sensex companies fell by Rs 1,54,477.38 crore in a consolidated last week. Last week, the BSE 30-share Sensex fell 812.28 points or 1.36 per cent. Information technology sector companies Tata Consultancy Services (TCS) and Infosys were the biggest losers.
Market cap of only 3 companies increased
During the week, the market capitalization of only Reliance Industries, ICICI Bank and State Bank of India (SBI) increased. The market capitalization of TCS fell by Rs 59,862.08 crore to Rs 11,78,818.29 crore in the reporting week.
How was the condition of Infosys, HDFC, HUL and LIC
The market capitalization of Infosys came down to Rs 6,40,351.57 crore from a loss of Rs 31,789.31 crore. HDFC Bank’s market position declined by Rs 16,090.67 crore to Rs 8,13,952.05 crore. The market capitalization of Hindustan Unilever declined by Rs 14,814.18 crore to Rs 6,04,079.91 crore. Similarly, the market position of Bajaj Finance declined by Rs 14,430.4 crore to Rs 4,27,605.59 crore and that of HDFC at Rs 4,34,644.36 crore with a loss of Rs 13,031.62 crore. The market capitalization of Life Insurance Corporation (LIC) declined by Rs 4,459.12 crore to Rs 4,29,309.22 crore.
Market cap of RIL, ICICI Bank, SBI increased
Contrary to this trend, the market capitalization of Reliance Industries rose by Rs 3,500.56 crore to Rs 17,71,645.33 crore. The market capitalization of SBI increased by Rs 3,034.37 crore to Rs 4,67,471.16 crore and that of ICICI Bank increased by Rs 523.02 crore to Rs 6,06,330.11 crore.
Reliance at number one in the list of top 10 companies
Reliance Industries remained in the first place in the list of top 10 companies. It was followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, SBI, HDFC, LIC and Bajaj Finance respectively.
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