New Delhi: Last week, the stock market was trading in the red due to weak signals from the global market and withdrawals by foreign investors. Due to this volatile trading, the market capitalization of many companies has declined.
Last week, the market cap of 4 of the top 10 firms in the market has increased by a combined Rs 81,151 crore. Among these, the biggest gainers were ICICI Bank and HDFC Bank.
At the same time, the market valuation of Reliance Industries, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever, ITC and Life Insurance Corporation of India (LIC) fell. The market capitalization of these companies declined by Rs 76,622.05 crore.
Their M-cap increased
ICICI Bank's market capitalization increased by Rs 28,495.14 crore. After this, the company's m-cap became Rs 8,90,191.38 crore.
HDFC Bank's market valuation rose by Rs 23,579.11 crore to Rs 12,82,848.30 crore.
M-cap of State Bank of India increased by Rs 17,804.61 crore to Rs 7,31,773.56 crore.
Bharti Airtel's market capitalisation increased by Rs 11,272.45 crore to Rs 9,71,707.61 crore.
There was a decline in the market cap of these companies
While on one hand the market capitalization of the top 4 firms has increased, on the other hand the market capitalization of 6 of the top 10 firms has declined.
Infosys' market cap declined by Rs 23,314.31 crore to Rs 7,80,126.10 crore.
The market valuation of Reliance Industries declined by Rs 16,645.39 crore to Rs 18,38,721.14 crore.
Hindustan Unilever's market cap declined by Rs 15,248.85 crore to Rs 6,38,066.75 crore.
TCS' market cap fell by Rs 10,402.01 crore to Rs 14,91,321.40 crore.
LIC's valuation declined by Rs 8,760.12 crore to Rs 5,91,418.91 crore.
ITC's market cap declined by Rs 2,251.37 crore to Rs 6,08,682.29 crore.
Ranking of top 10 firms
Reliance Industries is still on top in terms of market cap of the companies listed on the stock market. It is followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC and LIC.
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