Thu. Sep 16th, 2021

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  • Six Of Top 10 Firms Lose Rs 96,642 Cr In Valuation Last Week, Reliance Suffered The Highest Loss

Mumbai2 minutes ago

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The current week will be very important for the stock market. Auto companies will release sales figures in July on Monday, which will keep investors’ eyes on auto stocks. Apart from this, the increasing cases of corona are also being seen as an important event. Last week, there was flat trading in the market and the Sensex closed with a fall of 389 points or 0.73%.

Market value also decreased due to fall in shares
The effect of a slight decline in the week also affected the major stocks of the market. As a result, the market value of 6 companies in the top-10 in terms of market cap decreased by Rs 96,642 crore. In this, Reliance Industries, the company of Mukesh Ambani, suffered the highest loss. The company’s stock fell by 3.32% between Monday and Friday, due to which its market value also decreased by Rs 44 thousand 249 crore to Rs 12 lakh 90 thousand 330 crore.

Like Reliance, the market cap of Tata Consultant Services (TCS), the Tata Group’s IT company, decreased by Rs 16 thousand 479 crore. It stood at Rs 11 lakh 71 thousand 674 crore when the market closed on Friday. Similarly, the market cap of Kotak Mahindra Bank also decreased by Rs 13 thousand 511 crore to Rs 3 lakh 28 thousand 122 crore.

HDFC Bank’s market value declined
Shares of HDFC Bank closed at Rs 1425, down 1.18% in a week. During this period, the market value of the company also came down by Rs 8,653 crore to Rs 7 lakh 88 thousand 769 crore. The market cap of the same group company HDFC also decreased by Rs 7,827.92 crore and went up to Rs 4 lakh 40 thousand 738 crore. The market cap of Hindustan Unilever Limited, a 6th company FMCG sector company, decreased by Rs 5,920.97 crore. According to BSE data, it stood at Rs 5 lakh 48 thousand 405 crore.

Infosys market cap increased by Rs 8.5 thousand crore
Infosys is among the companies that have increased market value, whose market cap has increased by Rs 8,475 crore in a week to Rs 6 lakh 85 thousand 819 crore. Shares of ICICI Bank remained flat, market cap has also increased by Rs 4,210 crore to Rs 4 lakh 72 thousand 849 crore. Similarly, the market cap of Bajaj Finance has increased by Rs 2,972.7 crore to Rs 3 lakh 75 thousand 972 crore. The market value of the largest public sector bank SBI has also increased by Rs 2,275 crore to Rs 3 lakh 85 thousand 275 crore.

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