The week for the stock market proved to be extremely bad. The 25% extra tariff of Donald Trump came into effect from August 27 and with this, the effective total tariff on India increased to 50%. This also saw a direct impact on the Indian stock market and there was a strong decline in the scared market. Due to this, eight of the Sensex’s top-10 valuable companies suffered heavy losses and their market value decreased more than Rs 2 lakh crore in just five days.
The biggest losses were to the investors of HDFC Bank, the company’s company’s company Reliance and the country’s largest private sector bank HDFC Bank. On the other hand, the company of Tata Group was seen in such a situation.
Top eight companies stuttered
Due to the impact of the US tariff, the 30 -share Sensex index of Bombay Stock Exchange remained in 1,497.2 points or 1.84%. Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, SBI, Infosys, Bajaj Finance and LIC, including the top-10 companies of the Sensex included the top-10 companies of the Sensex, reduced their joint market cap to Rs 2,24,630 crore. Except for these eight companies, TCS and HUL also made their investors earned in the broken market.
Reliance-HDFC topped the loss
Mukesh Ambani’s Reliance Industries stood first in the list of the most damage companies in the market and its market value fell to Rs 18,36,424 crore. According to this, in just five days, those who put money in Reliance shares lost Rs 70,707 crore. In this case, HDFC Bank was second, whose investors lost Rs 47,482 crore and its market capitalization declined to Rs 14,60,864 crore.
Investors of these companies are also disturbed
Along with Reliance-HDFC Bank, ICIC Bank suffered a loss of 27,135 crore and its menting was 9,98,291 crore, Bharti Airtel’s reduction of 24,947 crore to Rs 10,77,213 crore, while LIC’s market cap fell by Rs 23,655 crore to Rs 5,39,048 crore.
The market value of State Bank of India also decreased by Rs 12,692 crore and it decreased to Rs 7,40,619 crore. Apart from this, Bajaj Finance’s MCAP fell by Rs 10,471 crore to Rs 5,45,490 crore and Rs 7,540 crore of tech veteran Infosys slipped to Rs 6,10,464 crore.
TCS-HUL earned
Among the top-10 companies of the Sensex, only TCS of Tata Group and Hindustan Unilever were the two companies that also earned investors in the broken market. While the market capital of Tata Consultancy Services jumped with an increase of Rs 11,126 crore to Rs 11,15,963 crore, on the other hand, HUL’s market cap increased by 7,319 crore to Rs 6,24,991 crore.
Reliance dominates number-1
Even though the last week has not proved to be good for Reliance and had to bear a strong loss, but according to the market value, it dominated the list of top-10 companies in the country and Reliance Industries was holding the chair of number-1. This was followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Hindustan Unilever, Infosys, Bajaj Finance and LIC respectively.
(Note- Be sure to consult your market experts before any kind of investment in the stock market.)
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