New Delhi: The market cap of four of the top 10 companies of the Sensex increased by Rs 1,14,744.44 crore last week. Among the most profitable companies in the IT sector were Tata Consultancy Services (TCS) and Infosys. The market valuations of TCS, Infosys, Hindustan Unilever (HUL), and Bharti Airtel increased during the week. At the same time, the market position of Reliance Industries, HDFC Bank, HDFC, ICICI Bank, Kotak Mahindra Bank, and State Bank of India declined.
The total loss of 99,183.31 crore of these companies was less than the profit of four companies. TCS ‘market capitalization rose by Rs 57,816.18 crore to Rs 12,28,898.85 crore during the week. Infosys added Rs 23,625.36 crore and had a market capitalization of Rs 6,13,854.71 crore.
HUL’s increased market cap
Similarly, the market valuation of Hindustan Unilever rose by Rs 17,974.19 crore to Rs 5,81,741.24 crore and Bharti Airtel rose by Rs 15,328.71 crore to Rs 2,99,507.71 crore.
The market cap of these companies fell
In contrast to this trend, HDFC Bank’s valuation declined by Rs 35,750.35 crore to Rs 7,83,723.87 crore. The market capitalization of Reliance Industries declined by Rs 24,755.52 crore and it stood at Rs 12,56,889.45 crore. That is, the market cap of Reliance and TCS now has a difference of about 28 thousand crores.
ICICI Bank’s market position declined by Rs 18,996.52 crore to Rs 3,91,778.85 crore and State Bank of India lost Rs 15,618.07 crore to Rs 3,15,083.41 crore. HDFC’s market capitalization declined by Rs 3,012.59 crore to Rs 4,53,557.23 crore and that of Kotak Mahindra Bank by Rs 1,050.26 crore to Rs 3,56,523.48 crore.
Which company was on top
Let us tell you that in the list of top 10 companies, Reliance Industries retained the first position. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, Kotak Mahindra Bank, State Bank of India and Bharti Airtel respectively. The 30-share BSE Sensex lost 438.51 points, or 0.87 per cent, in the previous week.
