Share Market News / Reliance-TCS gave a shock to investors, it became a champion even in a falling market

Last week, the Indian stock market witnessed a huge decline, with the Sensex falling 742.74 points. The market cap of six of the top 10 companies fell by Rs 94,433 crore. TCS and Reliance suffered the biggest losses. However, the market cap of ICICI Bank, SBI, Bajaj Finance and LIC increased.

Share Market News: Last week, the Indian stock market witnessed a huge decline. The 30-share BSE Sensex fell 742.74 points, resulting in a collective decline of Rs 94,433.12 crore in the market capitalization of six of the top 10 most valuable companies of the Sensex. Tata Consultancy Services (TCS) and Reliance Industries were the worst affected by this decline, due to which investors investing in the shares of these companies suffered huge losses.

Effect of decline in market

In the week under review, the market valuation of Reliance Industries, HDFC Bank, TCS, Bharti Airtel, Infosys and Hindustan Unilever declined. The decline in the shares of these companies created an atmosphere of concern for investors.

How much did the market cap of which company decrease?

Tata Consultancy Services (TCS): Market capitalization declined by Rs 27,334.65 crore, which now stands at Rs 11,54,115.65 crore.
Reliance Industries: Market cap at Rs 19,98,543.22 crore, down by Rs 24,358.45 crore.
HDFC Bank: Decrease by Rs 20,051.59 crore, market capitalization at Rs 15,00,917.42 crore.
Bharti Airtel: Decrease by Rs 11,888.89 crore, market capitalization at Rs 10,83,998.73 crore.
Hindustan Unilever: Decrease by Rs 7,330.72 crore, market capitalization at Rs 5,84,789.77 crore.
Infosys: Decrease by Rs 3,468.82 crore, market capitalization at Rs 6,59,096.12 crore.

These four companies shined in the falling market

Amidst this fall in the market, some companies gave relief to the investors. ICICI Bank, State Bank of India (SBI), Bajaj Finance, and Life Insurance Corporation of India (LIC) recorded a rise in their market capitalisation, benefiting investors investing in them.

Performance of these companies

State Bank of India (SBI): Market capitalisation increased by Rs 13,208.44 crore to Rs 7,34,763.97 crore.
Bajaj Finance: Increase of Rs 5,282.15 crore, market capitalisation Rs 5,85,292.83 crore.
ICICI Bank: Increase of Rs 3,095 crore, market capitalisation Rs 10,18,008.73 crore.
LIC: Increase of Rs 506 crore, market capitalisation Rs 5,83,828.91 crore.

Status of top 10 companies

Reliance Industries continued to be at the top spot in the list of top 10 companies based on market capitalisation. This was followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and LIC, respectively.