The market capitalization (market cap) of seven of the top 10 Sensex companies collectively declined by Rs 1,07,566.64 crore last week. Reliance Industries alone suffered half of this loss. The 30-share BSE Sensex lost 849.74 points or 1.70 per cent during the week. Among the top 10 companies, only Tata Consultancy Services (TCS), Hindustan Unilever (HUL) and HDFC gained market valuations.
In the week under review, the market capitalization of Reliance Industries declined by Rs 55,565.21 crore to Rs 12,64,243.20 crore. Bajaj Finance’s market position declined by Rs 16,197.55 crore to Rs 3,12,327.04 crore and State Bank of India lost Rs 12,494.45 crore to Rs 3,18,697.88 crore.
Kotak Mahindra Bank’s market capitalization declined by Rs 11,681.66 crore to Rs 3,51,272.18 crore and ICICI Bank fell by Rs 5,467.63 crore to Rs 4,00,093.61 crore. Infosys’ market capitalization declined by Rs 3,751.92 crore to Rs 5,69,352.11 crore. HDFC Bank’s market capitalization fell to Rs 8,22,616.51 crore from a loss of Rs 2,408.22 crore.
