New Delhi: The market capitalization (market cap) of eight of the top 10 Sensex companies collectively declined by Rs 65,176.78 crore last week. Tata Consultancy Services (TCS) and HDFC Bank were the biggest losers. In the reporting week, only Reliance Industries and Hindustan Unilever Ltd. (HUL) market capitalization increased. The market capitalization of TCS declined by Rs 20,400.27 crore to Rs 12,30,138.03 crore last week. HDFC Bank’s market valuation declined by Rs 18,113.03 crore to Rs 8,18,313.66 crore.
HDFC’s market valuation declined by Rs 5,837.3 crore to Rs 4,46,941.10 crore and that of ICICI Bank declined by Rs 5,762.02 crore to Rs 4,43,404.75 crore. Bajaj Finance Ltd. Its market position declined by Rs 4,614.48 crore to Rs 3,62,047.96 crore and that of State Bank of India by Rs 3,748.34 crore to Rs 3,78,894.38 crore. Kotak Mahindra Bank’s market capitalization declined by Rs 3,697.15 crore to Rs 3,40,237.26 crore and Infosys by Rs 3,004.19 crore to Rs 6,67,911.74 crore.
Contrary to this trend, the market valuation of Reliance Industries rose by Rs 15,785.21 crore to Rs 13,49,794.23 crore. Hindustan Unilever’s market position rose by Rs 9,245.63 crore to Rs 5,84,695.18 crore. Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, SBI, Bajaj Finance and Kotak Mahindra Bank respectively. Last week, the BSE 30-share Sensex lost 440.37 points or 0.83 per cent.