Market Capitalization: The movement of the Indian stock market was quite tiring this week. The entire week has ended with a decline in the stock market and many big events have taken place in this week, the impact of which has been seen on the Indian market. The impact of the US Presidential elections was seen on the stock market and due to the victory of Donald Trump, there was a rise in the stock market but it could last only for 2 days. After the huge fall in the domestic stock market on Thursday and Friday, Sensex-Nifty have closed in the lower range. Last week, BSE Sensex recorded a decline of 237.8 points or 0.29 percent, which was at a lower level than the previous week’s trading.
Valuation of six of the top 10 companies decreased by Rs 1.55 lakh crore last week.
The total valuation of six of the country’s top 10 companies in terms of market capitalization decreased by Rs 1,55,721.12 crore last week. Reliance Industries suffered the biggest loss during this week. The market valuations of Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation (LIC) decreased. On the other hand, Tata Consultancy Services (TCS), HDFC Bank, Infosys and State Bank of India gained.
Market Capitalization of Falling Companies
The valuation of Reliance Industries declined by Rs 74,563.37 crore to Rs 17,37,556.68 crore. Bharti Airtel’s valuation declined by Rs 26,274.75 crore to Rs 8,94,024.60 crore. Similarly, the market valuation of ICICI Bank declined by Rs 22,254.79 crore to Rs 8,88,432.06 crore and the valuation of ITC declined by Rs 15,449.47 crore to Rs 5,98,213.49 crore. The market capitalization of LIC declined by Rs 9,930.25 crore and that of Hindustan Unilever by Rs 7,248.49 crore.
How was the market capitalization of the rising companies?
The valuation of TCS, the country’s largest IT company, increased by Rs 57,744.68 crore to Rs 14,99,697.28 crore. Infosys’ valuation has increased by Rs 28,838.95 crore to Rs 7,60,281.13 crore and State Bank of India’s valuation has increased by Rs 19,812.65 crore to Rs 7,52,568.58 crore.
Which company is now the country’s largest firm in terms of valuation?
Reliance Industries remains the richest company in the country in terms of market cap. After this, TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, ITC, Hindustan Unilever and LIC remain.
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