The past week was particularly harsh for stock market investors. Among the country's top 10 most valuable companies, 8 saw a drastic decrease in market value. Mukesh Ambani's Reliance and Tata Group's TCS shareholders suffered the most significant losses. However, two of the Sensex’s top companies managed to provide substantial returns even in a declining market.
Reliance and TCS Suffered Major Losses
Last week, the Bombay Stock Exchange's (BSE) Sensex dropped by 1,181.84 points, a 1.43% decline. During this time, the combined market cap of 8 out of the top 10 Sensex companies fell by ₹2,01,699.77 crore. Reliance Industries' market capitalization decreased to ₹19,82,282.42 crore, causing investors to lose ₹60,824.68 crore. Meanwhile, Tata Consultancy Services (TCS) saw its market value drop by ₹34,136.66 crore to ₹16,12,762.51 crore.
Source: aajtak
The Struggle of SBI and LIC
On the last trading day of the week, Friday, the Sensex closed with more than a 1000-point drop. Among the companies that suffered significant losses were India's largest bank, SBI, which saw its market cap fall by ₹29,495.84 crore to ₹6,98,440.13 crore. Telecom giant Bharti Airtel experienced a loss of ₹28,379.54 crore, with its market cap declining to ₹8,76,207.58 crore.
In addition, Infosys' market value fell by ₹17,061.44 crore, bringing it down to ₹7,89,819.06 crore, and the market cap of Life Insurance Corporation (LIC) decreased by ₹16,381.74 crore, dropping to ₹6,57,009.14 crore. ICICI Bank's market cap fell by ₹15,169.76 crore to ₹8,51,204.65 crore, while ITC's market cap dropped by ₹250.11 crore to ₹6,27,337.65 crore.
Source: aajtak
Investors Reaped Millions in 5 Days
Despite the losses faced by Reliance and TCS shareholders, two Sensex companies rewarded their investors with millions over the past five trading days. Hindustan Unilever was at the forefront, with its market cap rising to ₹6,66,919.73 crore, adding ₹14,179.78 crore to its investors’ wealth. Additionally, HDFC Bank, the largest private sector bank, saw its investors earn ₹3,735.35 crore over 5 days, with the bank's market value increasing to ₹12,47,941.78 crore.
Mukesh Ambani’s Company Still Number One
Despite last week's significant drop in Reliance Industries’ market cap below ₹20 lakh crore, Mukesh Ambani's company remains the top-ranked in terms of market valuation. Following Reliance are TCS, HDFC Bank, Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, LIC, and ITC.
