Last week, the Indian stock market also came under the grip of the decline in the markets around the world. However, after this decline in the market, a good recovery was also seen. But this recovery could not fully compensate for the decline and the BSE Sensex fell by 1,276.04 points (1.57 percent) last week. Due to this decline in the market, the market cap of 8 out of top 10 companies of BSE Sensex declined by a total of Rs 1,66,954.07 crore last week.
Reliance Industries suffered the most loss
Reliance Industries was the company most affected by this decline. During this period, the market cap of Reliance declined the most by Rs 33,930.56 crore and it came down to Rs 19,94,765.01 crore. LIC’s market cap fell by Rs 30,676.24 crore to Rs 7,17,001.74 crore. During this period, the market cap of State Bank of India fell by Rs 21,151.33 crore to Rs 7,35,566.52 crore.
Infosys’ market cap fell by Rs 20,973.19 crore
Infosys’ market cap fell by Rs 20,973.19 crore to Rs 7,35,277.28 crore. Tata Consultancy Services (TCS)’s market cap fell by Rs 19,157.77 crore to Rs 15,30,469.11 crore. Bharti Airtel’s market cap fell by Rs 16,993.56 crore to Rs 8,33,396.32 crore. ICICI Bank’s market cap fell by Rs 16,975.55 crore to Rs 8,25,201.23 crore and HDFC Bank’s market cap fell by Rs 7,095.87 crore to Rs 12,56,505.53 crore.
These two companies remained in profit despite the huge decline
However, contrary to this trend of decline, Hindustan Unilever’s market cap increased by Rs 12,946.24 crore to Rs 6,45,808.65 crore. Apart from this, ITC’s market cap also increased by Rs 8,406.26 crore to Rs 6,19,829.37 crore.
