Reliance, TCS and Infosys made investors lose last week. At the same time, investors investing in Adani Group company should be in profit. In fact, the market capitalization of three of the 10 most valuable companies in the domestic stock exchanges declined by Rs 1,22,852.25 crore last week. Of these, Reliance Industries suffered the most. Apart from this, the market capitalization of IT companies- Tata Consultancy Services (TCS) and Infosys declined. On the other hand, HDFC Bank, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bajaj Finance and Adani Transmission were among the gainers in the week under review with a total market capitalization of Rs 62,221.63 crore.
60,176.75 crore fall in the capitalization of Reliance
Last week, the BSE Sensex fell 30.54 points or 0.05 per cent. During this period, the market capitalization of Reliance Industries declined by Rs 60,176.75 crore and stood at Rs 17,11,468.58 crore. The market capitalization of TCS declined by Rs 33,663.28 crore to Rs 11,45,155.01 crore and that of Infosys declined by Rs 29,012.22 crore to Rs 6,11,339.35 crore. In contrast, HDFC Bank’s market capitalization rose by Rs 12,653.69 crore to Rs 8,26,605.74 crore.
Adani entered the list of top 10 companies
Adani Transmission entered the list of top 10 companies on Tuesday (August 30). The company’s market capitalization rose by Rs 12,494.32 crore to Rs 4,30,842.32 crore in the week under review. The market capitalization of State Bank of India (SBI) increased by Rs 11,289.64 crore to Rs 4,78,760.80 crore and that of HDFC rose by Rs 9,408.48 crore to Rs 4,44,052.84 crore. The Sensex lost 30.54 points, or 0.05 per cent, while the Nifty lost 19.45 points or 0.11 per cent in the last week of short trading sessions due to the holiday. Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services Ltd. said, “The Indian market is looking strong despite several global challenges. The market may remain volatile in the near future. But we are positive in the medium to long term, given strong domestic macroeconomic data, and expectations of better financial results for corporates and festivals. While China’s Shanghai Composite gained. Major markets in Europe were bullish in early trade. US markets closed in gains on Thursday.
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