Last week, the market capitalization of three of the top-10 firms of the stock market decreased by Rs 1.22 lakh crore. However, in the meantime, HDFC Bank’s investors made a lot of money. There has been an increase of more than Rs 12,000 crore in the assets of the shareholders investing in the shares of the bank. At the same time, Mukesh Ambani-led Reliance Industries suffered the most during this period.
Big loss to Reliance Industries
The Sensex (Sensex) index of the Bombay Stock Exchange (BSE) was down 30.54 points or 0.05 per cent last week. During this period, the market capitalization of three of the 10 most valuable companies listed on BSE declined by Rs 1,22,852.25 crore. There was a big fall in the market cap of Reliance Industries Limited (RIL) by Rs 60,176.75 crore. Due to this the value of the company came down to Rs 17,11,468.58 crore.
The second biggest decline was Ratan Tata-led Tata Consultancy Services (TCS). Its market capitalization declined by Rs 33,663.28 crore to Rs 11,45,155.01 crore. Apart from this, the third company whose investors suffered losses is Infosys. Last week, the company’s market cap decreased by Rs 29,012.22 crore and it came down to Rs 6,11,339.35 crore.
These seven companies benefited
Meanwhile, the other seven companies included in the top-10 HDFC Bank, Hindustan Unilever (HUL), ICICI Bank, State Bank of India (SBI), HDFC, Bajaj Finance and Adani Transmission registered a rise in the market cap. HDFC Bank’s investors benefited the most and made Rs 12,653.69 crore last week. With this boom, the company’s market cap increased to Rs 8,26,605.74 crore.
After this, Adani Transmission, the company of Gautam Adani, the richest man in Asia, which was recently included in the top-10 in the biggest gainer. The company’s market cap jumped by Rs 12,494.32 crore to Rs 4,30,842.32 crore. Let us tell you that this company of Adani was included in the top-10 companies of the stock market on August 30 itself.
SBI investors bat
Talking about other profitable companies, the mcap of State Bank of India (SBI MCap) increased by Rs 11,289.64 crore to Rs 4,78,760.80 crore. Apart from this, the market cap of HDFC (HDFC MCap) increased by Rs 9,408.48 crore to Rs 4,44,052.84 crore. The market value of Bajaj Finance increased by Rs 7,740.42 crore and its market capitalization increased to Rs 4,35,346 crore.
Meanwhile, the m-cap of Hindustan Unilever (HUL) increased by Rs 7,612.68 crore to Rs 6,11,692.59 crore, while that of ICICI Bank increased by Rs 1,022.41 crore to Rs 6,07,352.52 crore.
Reliance remains the most valuable company
Talking about the rankings, Mukesh Ambani’s Reliance Industries (RIL) remained on top in terms of market capitalization even after a huge drop. After this, TCS was at the top of the list of the most valuable company. Then comes the numbers of HDFC Bank Hindustan Unilever, Infosys, ICICI Bank, State Bank of India, HDFC, Bajaj Finance and Adani Transmission.