Share market: Seven out of top 10 companies sunk Rs 1 lakh crore this week
Seven lakh out of 10 listed companies drowned in the stock market this week. HDFC Bank and Reliance Industries suffered the most losses among them. The impact of this loss was also seen on the market capitalization of companies. However, there was an increase in the market capitalization of the three companies.
HDFC Bank lost 30 thousand crores
HDFC, the largest private sector bank, incurred a loss of Rs 30,000 crore in the business week ended on Friday. The bank’s market cap declined by Rs 30,198.62 crore to Rs 6,50,446.47 crore.
The M-cap of ICICI, the second largest private sector bank, declined by Rs 22,866.93 crore to Rs 2,67,265.32 crore. Kotak Mahindra Bank’s M-cap declined by Rs 15,624.6 crore to Rs 2,98,413 crore.
HUL has lost so many crores
Hindustan Unilever, the country’s largest FMCG company, saw its M-cap fall by Rs 14,287.76 crore to Rs 4,20,774.52 crore. Housing finance company HDFC declined by Rs 10,178.84 crore to Rs 3,41349.33 crore. Another housing finance company Bajaj Finance saw a decrease of Rs 9,437.91 crore in M-cap. It stood at Rs 2,26,309.33 crore.
Reliance Industries lost Rs 824 crore
Mukesh Ambani-owned Reliance Industries also suffered a loss of Rs 824.08 crore during this period. At the same time, M-cap of TCS, ITC and Infosys has increased.
TCS had a market cap of Rs 7,79,989.45 crore, Infosys M-cap increased by Rs 4,681.59 crore to Rs 3,40,704.24 crore. ITC had a profit of Rs 5,344.62 crore and its M-cap stood at Rs 3,161069096 crore.
However, Reliance Industries held the first position in the whole week. TCS, HDFC Bank, HUL, HDFC, Infosys, ITC, Kotak Mahindra Bank, ICICI Bank and Bajaj Finance continued to rank in the top 10 respectively.