Top 10 Companies Market Cap fall: Last week, due to holidays, there were fewer trading days in the Indian stock market. The market condition also remained mixed. During this period, the total market cap of 7 of the top 10 most valuable companies of the country has seen a huge decline of about Rs 35,439 crore.

State Bank of India (SBI) has suffered the biggest blow. However, if we talk about the entire week, the main index of BSE rose by 112.09 points or 0.13 percent. But this strength could not help in handling the valuations of big companies. Due to weak global signals, cautious attitude of investors and profit booking in select stocks, there was pressure on the market value of big companies.

SBI got a big blow

The market value of State Bank of India (SBI), the country’s largest public sector bank, has seen a decline of Rs 12,000 crore. During this period, the market cap of SBI has come to Rs 8,92,046.88 crore.
These companies also suffered losses

A decline of Rs 8,254.81 crore was recorded in the market value of Reliance Industries. After this the market cap of the company decreased to Rs 21,09,712.48 crore. Bajaj Finance also suffered losses and its market cap declined by Rs 5,102.43 crore to Rs 6,22,124.01 crore. The value of Larsen & Toubro (L&T) declined by Rs 4,002.94 crore and its total value stood at Rs 5,56,436.22 crore.

At the same time, the market value of ICICI Bank decreased by Rs 2,571.39 crore to Rs 9,65,669.15 crore. LIC suffered a loss of Rs 1,802.62 crore, reducing its market cap to Rs 5,37,403.43 crore. Apart from this, a decline of Rs 1,013.07 crore was also recorded in the value of TCS and the market cap of the company has come down to Rs 11,86,660.34 crore.

Boom seen in some companies

Amidst this decline in the stock market, some companies tried to control the market. There was an increase in the market cap of HDFC Bank, Infosys and Bharti Airtel.

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