Last week's stock market saw significant upheaval reflected in the market capitalization of Sensex's top 10 firms. Out of ten, six experienced a decline, while four enjoyed an uptick in market value. Notably, HDFC Bank's shareholders emerged as the biggest winners, gaining over ₹78,000 crore in just five days.
Significant Losses for Six Firms, Including Reliance
The combined market capitalization of six out of India's top ten valuable firms listed on the stock market dropped by ₹78,127.48 crore last week. This decline included Asia's richest person Mukesh Ambani's Reliance Industries, along with Airtel, ICICI Bank, Infosys, ITC, and Hindustan Unilever (HUL). Conversely, four companies saw their value increase, with HDFC Bank standing out as the top gainer.
HDFC Bank Investors Witness Substantial Gains
While investors in companies like Reliance faced losses, HDFC Bank's private sector investors saw their wealth surge by ₹76,880.74 crore during these five business days. The spike elevated the bank's market capitalization to ₹11.77 lakh crore. On the last trading day of the week, HDFC Bank shares closed at ₹1550.05, up by 1.47%.
LIC to SBI Register Gains
Investors in the four companies among Sensex's top 10 that yielded a profit last week included India's largest insurance company LIC, whose market cap rose by ₹49,208.48 crore to ₹6.28 lakh crore. Additionally, the market value of Tata Group's IT company TCS increased by ₹34,733.64 crore, taking its market cap to ₹14.40 lakh crore. During the same period, State Bank of India (SBI) investors enjoyed an increase of ₹10,486.42 crore, with the bank's market capitalization reaching ₹6.81 lakh crore.
Losses for Investors of These Six Companies
Now let's discuss the companies whose market capitalization significantly diminished last week.
Company
Decline (in crore rupees)
Market Cap
Reliance ₹38,462.95 crore ₹19.75 lakh crore Bharti Airtel ₹21,206.58 crore ₹7.06 lakh crore ICICI Bank ₹9,458.25 crore ₹7.61 lakh crore Infosys ₹7,996.54 crore ₹6.14 lakh crore ITC ₹873.93 crore ₹5.34 lakh crore Hindustan Unilever ₹129.23 crore ₹5.32 lakh crore
Reliance Maintains No. 1 Position Despite Setback
Even though Reliance Industries saw a decline in market cap, it maintained its top ranking among India's most valuable companies by market capitalization. It was followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, LIC, Infosys, ITC, and HUL.
