The market cap of four of the top 10 Sensex companies decreased by Rs 56,000 crore, these firms benefited

Market Capitalization: The market capitalization (market cap) of four of the top 10 Sensex companies declined collectively by Rs 56,006.15 crore last week. HDFC Bank and HDFC Ltd were the biggest losers. Last week, the 30-share BSE Sensex lost 58.15 points or 0.09 per cent.

Big loss to these four companies

The market capitalization of HDFC Bank, State Bank of India (SBI), HDFC and Bharti Airtel fell in the week under review. On the other hand, the market capitalization of Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever Limited, ITC and Infosys collectively increased by Rs 44,540.05 crore.

HDFC Bank suffered the most in the last week

There have been reports that there could be a significant outflow of capital from the merged entity of HDFC. After these news, a big decline was recorded in the shares of HDFC Bank and HDFC Limited on Friday. The market capitalization of HDFC Bank declined by Rs 34,547.61 crore to Rs 9,07,505.07 crore in the week under review. HDFC Bank suffered the most.

The market capitalization of HDFC declined by Rs 13,584.9 crore to Rs 4,95,541.41 crore and that of Bharti Airtel declined by Rs 6,356.46 crore to Rs 4,39,153.22 crore. SBI’s market cap declined by Rs 1,517.18 crore to Rs 5,14,370.01 crore.

Increased market cap of these companies

On the other hand, the market capitalization of Reliance Industries increased by Rs 14,279.06 to reach Rs 16,51,687.33 crore. Hindustan Unilever’s market cap rose by Rs 10,949.09 crore to Rs 5,87,632.77 crore and that of ICICI Bank rose by Rs 6,583.1 crore to Rs 6,47,532.81 crore.

Market cap of TCS, ITC, Infosys also increased

The market capitalization of TCS saw a jump of Rs 5,433.69 crore and stood at Rs 11,82,184.61 crore. ITC’s market cap increased by Rs 4,598.37 crore to Rs 5,32,975.54 crore. The market capitalization of Infosys increased by Rs 2,696.74 crore to Rs 5,22,358.84 crore.

Reliance Industries remained on top

Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, ITC, Infosys, SBI, HDFC and Bharti Airtel respectively.

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