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Last week, the stock market has seen a decline and the major indexes have closed down by about half a percent. This is the third consecutive week when the stock market has been in loss. Amidst this decline in the market, the market value of many big companies has also seen a decrease. During the week, the market value of 4 companies among the top 10 companies in terms of market value has come down below Rs 1.25 lakh crore in a week. This week, the market value of Reliance Industries, LIC, SBI and ICICI Bank has seen a decline. On the other hand, the market value of Infosys has increased.
Where was the decline seen
During the week, the valuation of Reliance Industries fell by Rs 74,969.35 crore to Rs 16,85,998.34 crore. Whereas, the valuation of LIC fell by Rs 21,251.99 crore to Rs 5,19,472.06 crore. The valuation of SBI fell by Rs 17,626.13 crore to Rs 6,64,304.09 crore while the market cap of ICICI Bank fell by Rs 11,549.98 crore to Rs 8,53,945.19 crore. Where was the rise On the other hand, the market cap of Infosys rose by Rs 24,934.38 crore to Rs 7,78,612.76 crore. HDFC Bank also saw a rise and the market value rose by Rs 9,828.08 crore to Rs 12,61,627.89 crore. Bharti Airtel's market cap has increased by Rs 9,398.89 crore and has reached Rs 9,36,413.86 crore. With this, the market cap of Tata Consultancy Services has increased by Rs 9,262.3 crore to Rs 15,01,976.67 crore. Hindustan Unilever's market value has increased by Rs 3,442.15 crore to Rs 5,56,594.67 crore. With this, the market cap of ITC has increased by Rs 1,689.08 crore to Rs 5,52,392.01 crore. (Disclaimer: The advice or views given on CNBC TV18 Hindi / CNBC Awaaz are the personal views of the experts, brokerage firm, the website or management is not responsible for it. Please consult your financial advisor or certified expert before investing.