Home Finance Stock Market: Top 10 Companies Suffer a Loss of 1.93 Lakh Crores in 4 Days

Stock Market: Top 10 Companies Suffer a Loss of 1.93 Lakh Crores in 4 Days

by khushahal vishwakarma
Stock Market

Last week, the stock market witnessed a significant downturn, with the listed top 10 companies facing a collective decrease in their market capitalization of approximately 1.93 lakh crores. Over the course of the previous 4 trading sessions, a decline of 2.5% was observed in the market.

Several factors contributed to the substantial decline in the Indian stock market last week. During the past 4 trading sessions, a decline of up to 2.5% was recorded. During this period, the market capitalization of the listed top 10 companies saw a decrease of 1,93,181.15 crores. Major IT companies TCS from the Tata Group and HDFC Bank, the largest private sector bank, experienced the most significant declines in their market valuations. The stock market remained closed for the week, with only four days of business transactions.

Last week, Sensex closed at 63,783, dropping 1,615 points, or 2.46%. Similarly, Nifty also closed at 19,047, marking a 495-point, or 2.53%, decrease. Pressure was observed in broader indices as well, with a 3.4% decline in BSE Smallcap and approximately a 2.4% decrease in BSE Midcap indices.

TCS observed a decrease in market valuation from 52,580.57 crores to 12,25,983.46 crores. Similarly, HDFC Bank’s market capitalization decreased from 40,562.71 crore to 11,14,185.78 crore. Reliance Industries witnessed a decrease of 22,935.65 crores, reaching a valuation of 15,32,595.88 crores.

Infosys retained the fourth position in terms of the most significant decrease in market capitalization. The market capitalization of this IT sector company decreased from 19,320.04 crores to 5,73,022.78 crores. Bharti Airtel witnessed a decrease of 17,161.01 crores, reducing its valuation to 5,13,735.07 crores. Bajaj Finance’s market capitalization decreased from 15,759.95 crores to 4,54,814.95 crores. Another private sector bank, ICICI Bank, experienced a decrease in market capitalization from 13,827.83 crores to 6,39,292.94 crores. ITC’s market capitalization dropped from 5,900.94 crores to 5,40,637.34 crores. Hindustan Unilever Limited (HUL) witnessed a decrease from 3,124.96 crores to 5,83,098.06 crores, securing the ninth position. SBI’s market capitalization decreased from 2,008.04 crores to 5,00,670.73 crores.

In the top 10, Reliance Industries retains the position of the country’s largest company in terms of market capitalization. Following Reliance Industries, the list includes TCS, HDFC Bank, ICICI Bank, HUL, Infosys, ITC, Bharti Airtel, SBI, and Bajaj Finance.

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