Market valuations of Hindustan Unilever, ICICI Bank, Infosys and State Bank of India (SBI) increased.
The market capitalization (market cap) of six of the top ten companies of the Sensex decreased by Rs 81,148 crore last week. Reliance Industries suffered the most. Apart from this, the market valuation of Tata Consultancy Services (TCS), HDFC Bank, HDFC, Kotak Mahindra Bank and ITC also declined. On the other hand, market valuations of Hindustan Unilever, ICICI Bank, Infosys and State Bank of India (SBI) increased.
The market capitalization of Reliance Industries declined by Rs 37,369.7 crore to Rs 9,64,639.40 crore during the week. HDFC Bank’s market capitalization declined by Rs 18,257.4 crore to Rs 6,81,624.54 crore. Similarly, TCS ‘market valuation fell by Rs 12,551.70 crore to Rs 8,19,745.96 crore. Kotak Mahindra Bank’s MCAP declined by Rs 10,290.90 crore to Rs 3,14,164.59 crore.
The market valuation of ITC declined by Rs 2,150.95 crore to Rs 2,92,651.70 crore. HDFC’s market capitalization declined by Rs 527.35 crore to Rs 4,23,766.51 crore.
How much benefit the remaining 4 companies
In contrast to this trend, Infosys’ market capitalization increased by Rs 6,430.54 crore to Rs 3,33,429.93 crore and SBI rose by Rs 5,399.39 crore to Rs 2,89,202.04 crore. Hindustan Unilever’s market capitalization rose by Rs 2,998.26 crore. 4,48,776.36 crore. ICICI Bank’s market valuation rose by Rs 1,978.04 crore to Rs 3,45,455.10 crore.
RIL tops the rankings
Reliance Industries ranked first in the list of top ten companies. It was followed by TCS, HDFC Bank, Hindustan Unilever, HDFC, ICICI Bank, Infosys, Kotak Mahindra Bank, ITC and SBI respectively.