By Admin 
Last week, the stock market saw a huge decline due to geopolitical tension. Due to the conflict between Iran and Israel, there was an increased restlessness in the global markets, which also showed the direct impact on the Indian markets.
Bombay Stock Exchange (BSE) 30 -share Sensex closed down by 1,070.39 points by the end of the week, while the National Stock Exchange (NSE) Nifty slipped 284.45 points.
8 companies market cap reduced
Due to this decline, the market cap of eight of the top 10 most valuable companies of Sensex declined by more than Rs 1.65 lakh crore in total. The biggest contribution to this loss was HDFC Bank, whose market capitalization declined by Rs 47,075.97 crore to Rs 14.68 lakh crore.
Reliance Industries, which still remains at the top of the market cap, suffered a shock of Rs 21,516.63 crore and its evaluation reduced to Rs 19.31 lakh crore. ICICI Bank, SBI, LIC, Bharti Airtel, Hindustan Unilever Limited and Bajaj Finance & MDash; The shares of all these companies declined.
these two companies gave relief
However, Tata Consultancy Services (TCS) and Infosys gave relief to investors during this huge decline. The market cap of TCS increased by Rs 22,215.06 crore to Rs 12.47 lakh crore, while the evaluation of Infosys increased by 15,578.3 crore to Rs 6.65 lakh crore.
On the basis of market cap, Reliance Industries stood first, HDFC Bank second and TCS third in the country’s top 10 companies. After this Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance and Hindustan Unilever number came.
This situation indicates that the effect of geopolitical crises is clearly visible on big bluechip stocks. At the same time, there is still a glimpse of stability and hope in tech companies. In such an environment, investors are being advised to take decisions with vigilance.
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