Last Updated on 08/09/2024 by Arun jain
The last trading week proved to be very bad for those investing in the stock market. During this period, the market value of 8 of the top 10 most valuable companies of the country saw a huge decline. The biggest losses were suffered by the shareholders of Mukesh Ambani’s Reliance and Tata Group’s TCS. But among these 10 Sensex companies, there were two whose investors were successful in earning huge profits even in the falling market.
Reliance-TCS incurred huge losses
Last week, the Bombay Stock Exchange (BSE) Sensex fell by 1,181.84 points or 1.43 percent due to a fall in the stock market. Meanwhile, the market cap (Mcap) of 8 of the top 10 Sensex companies fell by a combined Rs 2,01,699.77 crore last week. Reliance’s market capitalization (RIL MCap) fell to Rs 19,82,282.42 crore and investors lost Rs 60,824.68 crore. On the other hand, the market value of Tata Consultancy Services (TCS) fell by Rs 34,136.66 crore to Rs 16,12,762.51 crore.
From SBI to LIC, everyone is in bad shape
On the last trading day of last week, on Friday, the Sensex closed with a decline of more than 1000 points. If we talk about other companies of Sensex in which investors have suffered huge losses, then the next name in this list is of the country’s largest bank SBI. SBI Market Cap fell by Rs 29,495.84 crore to Rs 6,98,440.13 crore. After this, investors of telecom giant Bharti Airtel lost Rs 28,379.54 crore and it fell to Rs 8,76,207.58 crore.
Apart from this, the market value of Infosys (Infosys Market Cap) fell by Rs 17,061.44 crore to Rs 7,89,819.06 crore and the market cap of Life Insurance Corporation of India (LIC) fell by Rs 16,381.74 crore to Rs 6,57,009.14 crore. ICICI Bank Market Cap fell by Rs 15,169.76 crore to Rs 8,51,204.65 crore, while ITC Market Cap fell by Rs 250.11 crore to Rs 6,27,337.65 crore.
These investors printed crores of rupees in 5 days
While investors from Reliance to TCS have suffered huge losses, two Sensex companies have made their investors earn crores of rupees in the five trading days of the last week. Hindustan Unilever was number one among these companies that made people rich even in a falling market. HUL’s market cap increased to Rs 6,66,919.73 crore and the wealth of its investors increased by Rs 14,179.78 crore. Apart from this, investors of HDFC Bank, the largest bank in the private sector, earned Rs 3,735.35 crore in 5 days. The market value of the bank increased to Rs 12,47,941.78 crore.
Mukesh Ambani’s company is still number-1
Even though the market cap of Reliance Industries has fallen sharply to below Rs 20 lakh crore last week, Mukesh Ambani’s company still occupies the number-1 position in terms of valuation. It was followed by TCS, HDFC Bank, Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, LIC and ITC respectively.
(Note- Before making any kind of investment in the stock market, please take advice from your market experts.)
Source (PTI) (NDTV) (HINDUSTANTIMES)