The market capitalization of six of the top 10 companies of the Sensex fell by Rs 1,38,839.83 crore last week. Reliance Industries (RIL) and HDFC Bank suffered the most. During the week, the market capitalization of Reliance Industries declined by Rs 50,239.78 crore to Rs 13,10,323.21 crore. Similarly, HDFC Bank’s market cap has come down by Rs 46,374.63 crore to Rs 5,67,877.74 crore.
ICICI Bank’s MCAP declined by Rs 22,631.74 crore to Rs 2,24,659.85 crore and HDFC by Rs 10,078.06 crore to Rs 3,09,254.09 crore. ITC’s market valuation declined by Rs 6,815.12 crore to Rs 2,38,660.74 crore and Bharti Airtel fell by Rs 2,700.5 crore to Rs 3,02,701.60 crore.
How much benefit the remaining 4 companies
In contrast to this trend, the market capitalization of Tata Consultancy Services (TCS) increased by Rs 47,054.91 crore to Rs 8,56,463.05 crore in the week under review. Infosys’ market cap increased by Rs 18,591.83 crore to Rs 4,11,554.51 crore, Kotak Mahindra Bank increased by Rs 3,481.72 crore to Rs 2,70,600.52 crore and Hindustan Unilever rose by Rs 740.11 crore to Rs 5,19,931.93 crore.
RIL remains on top
Reliance Industries retained the first position in the list of top ten companies. It was followed by TCS, HDF Bank, Hindustan Unilever, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC and ICICI Bank respectively.