By Admin 
Many companies of the country suffered losses due to the decline in the Indian stock market last week. Alam was that out of the ten most valuable companies, the total market cap of seven companies fell by 1.35 lakh crores. Tata Consultancy Services (TCS) tops. Last week, the BSE benchmark index recorded a decline of 863.18 points or 1.05 percent.
These companies also suffered a huge loss
The market cap of TCS, Bharti Airtel, ICICI Bank, State Bank of India (SBI), Infosys, Life Insurance Corporation of India (LIC) and Bajaj Finance has reduced by 1,35,349.93 crores in total. In contrast, the market cap of Reliance Industries, HDFC Bank and Hindustan Unilever bounced. Both companies collectively got a profit of Rs 39,989.72 crore.
Loss of crores
During this period, the valuation of TCS declined 47,487.4 crore to 10,86,547.86 crore. Bharti Airtel’s market capital declined by 29,936.06 crores to 10,74,903.87 crore, while Bajaj Finance’s market capital declined by 22,806.44 crores to 5,44,962.09 crore. Infosys also suffered a loss of 18,694.23 crores, causing its valuation to 6,10,927.33 crore.
Their decline in market cap too
In this way, the market cap of SBI also declined by 11,584.43 crores to 7,32,864.88 crore. The valuation of ICICI Bank declined by 3,608 crores to 10,50,215.14 crore and LIC’s valuation declined by 1,233.37 crores to 5,59,509.30 crore.
These companies cut off
On the other hand, the market cap of Hindustan Unilever increased by 32,013.18 crores to 5,99,462.97 crore. HDFC Bank’s market cap increased by 5,946.67 crores to 15,44,025.62 crore, while Reliance Industries valuations increased by 2,029.87 crores to 18,85,885.39 crore. Reliance Industries topped the market value. After this, HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Hindustan Unilever, LIC and Bajaj Finance were ranked.
Sharp decline in stock market
Let us know that on the last trading day of last week, there was a huge decline in the stock market on Friday. Dalal Street closed with red mark due to the weak signals of the global market and frequent selling of foreign investors.
At the end of the trading, the BSE Sensex broke down 585.67 points or 0.72 % to close at 80,599.91, while the Nifty had fallen by 203 points or 0.83 percent and closed at a level of 24,565.35. During this time, there was also a decline of up to 5 percent in shares of veteran companies like Pharma, Pharma Stock and ONGC and Tata Steel like Dr. Reddy’s Lab, Cipla.
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