Top-10 Firms Market Cap: Last week’s stock market saw a drop. The Sensex index dropped 672 points, or 1.15 percent, at the closing bell. While Reliance Industries’ stockholders lost money during this downturn, Infosys and TCS generated huge profit for their investors.
The software company’s investors made so much money last week with the stock market’s slide.
The largest victors in this situation were the Infosys shareholders, however Ratan Tata’s TCS stockholders also experienced an increase in wealth.
Investors in Mukesh Ambani’s Reliance Industries have also experienced significant losses this time around.
Reduced market cap of 1.16 lakh crores
Seven of the top ten BSE-listed companies in the market saw a decrease in market value last week. These seven companies’ combined market value declined by Rs 1,16,053.13 lakh crore.
This time around, Reliance Industries Limited (RIL) investors suffered the most. Let’s note that the Sensex index of the Bombay Stock Exchange fell by 672 points, or 1.15 percent, last week.
The greatest loss for Reliance Industries (Reliance) shareholders in a single week of Reliance Investors drowning so many crores was Rs 41,706.05 crore. As a result, the market capitalization (RILM Cap) of the most valuable industry in the country decreased to Rs 16,08,601.05 crore.
State Bank of India (SBI), the largest bank in the nation, continued to lose money as did Reliance. In the recent week, SBI’s market value decreased by Rs 17,313.74 crore to Rs 4,73,941.51 crore.
Infosys Investors
Investors in Infosys may have seen a drop in the stock market last week, but they were still struggling.
In just one week, the company’s shareholders made Rs 20,144.57 crore.
Additionally, Infosys’ market value improved to Rs 5,94,608.11 billion.
The market capitalization of Ratan Tata’s TCS also increased, rising by Rs 7,976.74 crore to Rs 10,99,398.58 crore.
Hindustan Unilever (HUL), the third profitable company, saw a market value boost of Rs. 4,123.53 billion to Rs. 6,33,649.52 billion last week.
Investors in these businesses
The value of private sector ICICI Bank (ICICI Bank) decreased by Rs 13,806.39 crore, and its market capitalization decreased to Rs 6,01,156.60 crore, making it one of the top 10 firms that suffered a loss.
In addition, HDFC Bank’s market cap decreased by Rs 13,423.6 billion to Rs 7,92,270.97 billion.
Among other businesses, HDFC Ltd (HDFC) had a reduction in market value of Rs 10,830.97 crore to Rs 4,16,077.03 crore and Bajaj Finance saw a decrease in market value of Rs 10,240.83 crore to Rs 4,44,236.73 crore.
Additionally, Bharti Airtel’s market capitalization decreased by Rs 8,731.55 crore last week to Rs 4,44,919.45 crore.
Even after the decrease, Mukesh Ambani’s Reliance Industries Limited’s market cap (RIL MCap) has been declining for a few weeks at the top of Reliance.
Even so, the business continues to rank first among the country’s most valuable companies.
Reliance is followed in the list by TCS, HDFC Bank, HUL, ICICI Bank, Infosys, SBI, Bharti Airtel, Bajaj Finance, and HDFC if we order the companies by value.