The last week proved to be extremely bad for the stock market and 8 companies in the top-10 companies of Sensex suffered losses. The market value of these companies reduced by Rs 3.09 lakh crore by combined. Meanwhile, Tata Group’s company TCS was ahead in the most damage to its investors, while HDFC Bank was ahead in earning investors despite a steep fall in the stock market. In just five business days, HDFC Bank pushed TCS to third number according to the valuation.
1.09 lakh crores of TCS drowned
The decline in the stock market is maintained and Sensex-Nifty is not seen to be careful. Even last week, while BSE Sensex fell 2112.96 points or 2.80 per cent, the NSE Nifty recorded 671.2 points or 2.94 per cent. Meanwhile, Tata’s company got the biggest shock. TCS Market CAP fell in five days to Rs 12.60 lakh crore. Accordingly, Rs 1.09 lakh crore of investors who put money in TCS shares were destroyed.
TCS at third position in top-10
The impact of this huge loss to TATA’s IT company has also been seen on the ranking of the company. After taking a loss of more than Rs 1 lakh crore, till now, TCS, which has been on number-2 according to the market value, has moved to the third position after continuous Reliance. Whereas, HDFC Bank, the largest bank in the private sector, has reached the second position.
Other companies that harm investors
In addition to Tata’s company TCS, the next number in investors drowned companies was Infosys and its market value declined by Rs 52,697.93 crore to Rs 7.01 lakh crore. Apart from this, Bharti Airtel’s MCAP declined by Rs 39,230.1 crore to Rs 8.94 lakh crore.
Reliance Market CAP of Reliance Industries Limited, led by the country’s richest Mukesh Ambani, was reduced to Rs 16.23 lakh crore with a decrease of Rs 38,025.97 crore. So the country’s largest government bank SBI incurred a loss of Rs 29,718.99 crore and its market value declined to Rs 6.14 lakh crore. With this, the market cap of ICICI Bank declined by Rs 20,775.78 crore to Rs 8.49 lakh crore, HUL’s 11,700.97 crore declined to Rs 5.14 lakh crore and ITC MARKET value fell to Rs 7,882.86 crore to Rs 4.93 lakh crore.
Bumper earnings of HDFC Bank investors
While there was a stampede in the stock market, the last week proved to be great for the investors of HDFC Bank. HDFC Bank Market CAP reached Rs 13.24 lakh crore on the last trading day of the week and in the whole week the bank’s investors earned Rs 30,258.49 crore. The second company to benefit investors was Bajaj Finance and in its market value (Bajaj Finance MCAP), there was a rise of Rs 9,050.24 crore. After this, it increased to Rs 5.29 lakh crore.
Mukesh Ambani’s company number-1 in the ranking
Even though Mukesh Ambani’s company Reliance Industries had suffered a strong loss, but despite this, RIL number one in the list of Sensex’s top-10 valuable companies was held. This was followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, Infosys, SBI, Bajaj Finance, Hindustan Unilever Limited and ITC respectively.
(Note- Be sure to consult your market experts before any kind of investment in the stock market.)