Categories: Business

Stock market fall 0.42 percent last week

Photo: GOOGLE

stock market last week

new Delhi. The stock market saw a decline last week. Major domestic indices closed nearly half a percent under pressure from foreign signals. Reliance Industries and TCS suffered the most losses in terms of market value. At the same time, the market capitalization (market cap) of six of the top 10 companies of the Sensex fell by Rs 78,275 crore last week. Last week, the 30-share BSE Sensex lost 163 points or 0.42 per cent. Apart from Reliance Industries and TCS, HDFC Bank, Hindustan Unilever Ltd, Bharti Airtel and Kotak Mahindra Bank lost their market valuations during the week. On the other hand, market capitalization of Infosys, HDFC, ITC and ICICI Bank increased.

The market capitalization of Reliance Industries declined by Rs 20,666 crore to Rs 13,40,213 crore in the week. Reliance Industries was the biggest loser. Similarly, TCS 'market valuation declined by Rs 19,700 crore to Rs 8,41,453 crore and Bharti Airtel by Rs 17,294 crore to Rs 2,88,544 crore. Hindustan Unilever's market capitalization fell by Rs 8,635 crore to Rs 5,10,792 crore. Kotak Mahindra Bank's valuation declined by Rs 6,728 crore to Rs 2,58,856 crore and that of HDFC Bank by Rs 5,252 crore to Rs 5,68,868 crore. In contrast to this trend, HDFC's market capitalization rose by Rs 12,610 crore to Rs 3,21,014. ICICI Bank's market capitalization rose by Rs 2,338 crore to Rs 2,34,090 crore and Infosys increased by Rs 1,171 crore to Rs 4,06,124 crore. ITC's market capitalization rose by Rs 605 crore to Rs 2,41,788 crore. Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Hindustan Unilever, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC and ICICI Bank respectively.

This post was published on August 16, 2020 11:46 am

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