Market cap of 5 companies out of top 10, RIL also lost this week
The market capitalization of five of the top 10 companies of the Sensex fell by Rs 91,699 crore collectively last week. Reliance Industries was the biggest loser.
Apart from Reliance Industries, the market capitalization of Infosys, HDFC, ICICI Bank and Bharti Airtel also declined. On the other hand, the market valuations of Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever, Kotak Mahindra Bank and Bajaj Finance increased.
In the week under review, the market capitalization of Reliance Industries declined by Rs 60,829.21 crore to Rs 12,23,416.97 crore. HDFC’s market valuation declined by Rs 13,703.75 crore to Rs 4,05,996.11 crore and Bharti Airtel fell by Rs 11,020.23 crore to Rs 2,52,755.97 crore.
Similarly, ICICI Bank’s market position declined by Rs 5,090.54 crore to Rs 3,26,225.04 crore. The market capitalization of Infosys declined by Rs 1,055.27 crore to Rs 4,68,779.17 crore.
In contrast to this trend, HDFC Bank’s market capitalization rose by Rs 20,482.86 crore to Rs 7,93,336.55 crore and Bajaj Finance’s valuation rose by Rs 11,181.01 crore to Rs 2,95,466.65 crore.
TCS ‘market share increased by Rs 7,335.91 crore to Rs 10,05,320.15 crore. Hindustan Unilever’s market capitalization rose by Rs 4,135.22 crore to Rs 5,02,147.16 crore. Kotak Mahindra Bank’s market valuation rose by Rs 2,538.64 crore to Rs 3,76,485.84 crore.
The 30-share BSE Sensex gained 267.47 points or 0.60 percent in the previous week. Reliance Industries retained the first position in the top-10 list. It was followed by TCS, HDFC Bank, Hindustan Unilever, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance and Bharti Airtel.
