The market capitalization of Tata Consultancy Services (TCS) declined by Rs 47,680.78 crore to Rs 11,81,218.07 crore this week.
4.33 lakh crore decline in market cap of BSE companies.
The market cap of all the BSE listed companies fell by 4.33 lakh crore this week. Last week, the market cap of all companies was Rs 209.63 lakh crore, which came down to Rs 205.30 lakh crore. Of these, the market capitalization (market cap) of seven of the top 10 companies of the Sensex decreased by Rs 1,41,628.37 crore collectively. Companies in the information technology (IT) sector were the biggest losers. The Sensex lost 759 points in the whole week.
The market capitalization of Tata Consultancy Services (TCS) declined by Rs 47,680.78 crore to Rs 11,81,218.07 crore during the week. Similarly, the market valuation of Infosys declined by Rs 37,579.03 to Rs 5,76,275.68 crore. The market valuation of Reliance Industries decreased by Rs 30,841.38 crore and it came down to Rs 12,26,048.07 crore. State Bank of India market share decreased by Rs 11,735.86 crore to Rs 3,03,347.55 crore.
Kotak Mahindra Bank’s market cap reduced to 6620 crores
Kotak Mahindra Bank’s market capitalization declined by Rs 6,620.48 crore to Rs 3,49,903 crore and Hindustan Unilever lost Rs 4,534.66 crore to Rs 5,77,206.58 crore in the week under review. Similarly, the market position of Bharti Airtel declined by Rs. 2,636.18 crore to Rs. 2,96,871.53 crore.
HDFC’s market cap increased by 10697 crores
In contrast to this trend, HDFC’s market valuation rose by Rs 10,697.4 crore to Rs 4,64,254.63 crore. HDFC Bank’s market capitalization increased by Rs. 3,748.69 crore to Rs. 7,87,472.56 crore and ICICI Bank increased by Rs. 123.98 crore to Rs. 3,91,902.83 crore.
Reliance market cap highest
Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Hindustan Unilever Ltd., Infosys, HDFC, ICICI Bank, Kotak Mahindra Bank, State Bank of India and Bharti Airtel respectively.
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