Market cap of 9 companies in Sensex's top 10 decreased by Rs 1.87 lakh crore, HDFC Bank suffered the most

 

The market capitalization of 9 companies out of the top 10 largest companies of Sensex registered a decline of Rs 1,87,808.26 crore last week. Of these, HDFC Bank and Reliance Industries have suffered the most.

The market capitalization of 9 companies out of the top 10 largest companies of Sensex registered a decline of Rs 1,87,808.26 crore last week. Of these, HDFC Bank and Reliance Industries have suffered the most. Let us tell that last week the 30-share Sensex of BSE had come down by 1,538.64 points i.e. 2.52 percent. There is concern in the market that due to inflation, the US central bank may increase the interest rates further. Apart from this, the withdrawal of foreign funds has also affected the market sentiment.

HDFC Bank suffered the most

Last week, except ITC, there was a decline in the market cap of all the other companies included in the top 10. HDFC Bank's market cap declined by Rs 37,848.16 crore to Rs 8,86,070.99 crore during the week. The market cap of Reliance Industries declined by Rs 36,567.46 crore and fell to Rs 16,14,109.66 crore. The market capitalization of Tata Consultancy Services (TCS) declined by Rs 36,444.15 crore to Rs 12,44,095.76 crore, while that of HDFC declined by Rs 20,871.15 crore to Rs 4,71,365.94 crore.

SBI and ICICI Bank also remained in losses.

Apart from these, the market cap of ICICI Bank declined by Rs 15,765.56 crore to Rs 5,86,154.58 crore. The market capitalization of Infosys came down to Rs 6,52,862.70 crore after a loss of Rs 13,465.86 crore. The market capitalization of Bharti Airtel declined by Rs 10,729.2 crore to Rs 4,22,034.05 crore. The market valuation of State Bank of India (SBI) declined by Rs 8,879.98 crore to Rs 4,64,927.66 crore. The market valuation of Hindustan Unilever declined by Rs 7,236.74 crore to Rs 5,83,697.21 crore.

ITC was the only company to remain profitable

However, bucking the trend, the market capitalization of ITC surged by Rs 2,143.73 crore to Rs 4,77,910.85 crore. Let us tell that in the list of top 10 companies, Reliance Industries still remains at the first place. It was followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, ITC, HDFC, SBI and Bharti Airtel respectively.