By Admin 
M-cap of 10 valuable companies: On the go of the month of August, the 8 most valuable companies in the country gave a big blow. The last businessman of the month was a harm to the stock market. On August 29, the Sensex slipped 271 points to close at 79810, while the Nifty also fell 74 points to close at 24427.
The Sensex has declined by 1826 points in this whole week. The Nifty also recorded a decline of 540 points. It also affected the market cap of many big companies of the country. The market cap of 8 companies out of the 10 most valuable companies listed in the stock market declined by Rs 2,24,630.45 crore during this period. Among them, Reliance Industries and HDFC Bank suffered the most loss.
Reliance loss of more than 70 thousand crores
Among these top 10 companies, the market cap of Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance and Life Insurance Corporation of India (LIC) declined, while Tata Consultancy Services (TCS) and Hindustan Unilever have benefited. The market cap of Reliance Industries has come down by Rs 70,707.17 crore to Rs 18,36,424.20 crore. HDFC Bank’s valuation has also come down by Rs 47,482.49 crore to Rs 14,60,863.90 crore.
Market cap of these companies also decreased
Similarly, the valuation of ICICI Bank has come down by Rs 27,135.23 crore to Rs 9,98,290.96 crore and Bharti Airtel’s market cap has come down by Rs 24,946.71 crore to Rs 10,77,213.23 crore. LIC also reduced the valuation of Rs 23,655.49 crore to Rs 5,39,047.93 crore and the valuation of State Bank of India has come down by Rs 12,692.1 crore to Rs 7,40,618.60 crore.
During this time, Bajaj Finance has also been damaged. Its market cap has come down by Rs 10,471.08 crore to Rs 5,45,490.31 crore. Similarly, the market cap of Infosys has been reduced to Rs 6,10,463.94 crore with a loss of Rs 7,540.18 crore.
TCS benefited so much crores
TCS and Hindustan Unilever alone have benefited. Where the market valuation of TCS increased by Rs 11,125.62 crore to Rs 11,15,962.91 crore. At the same time, the valuation of Hindustan Unilever increased by Rs 7,318.98 crore to Rs 6,24,991.28 crore.
However, despite such a big loss, Reliance Industries is still at number one in the list of most valuable companies. This is followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Hindustan Unilever, Infosys, Bajaj Finance and LIC.
Also read:
Reliance Jio’s IPO increased the stir, know how much its size will be? Experts estimated