New Delhi, October 13 . The market saw a decline last week. Due to this, the market valuation of seven of the top 10 market cap companies of the country has decreased by Rs 1,22,107 crore. During the trading session from 7 to 11 October, the market capitalization of Tata Group company Tata Consultancy Services (TCS) has decreased by Rs 35,638 crore to Rs 15,01,723 crore.
The market cap of Reliance Industries has decreased by Rs 21,351 crore to Rs 18,55,366 crore. The market cap of ITC has decreased by Rs 18,761 crore to Rs 6,10,933 crore. The market cap of Hindustan Unilever Limited (HUL) has decreased by Rs 16,047 crore to Rs 6,53,315 crore.
Apart from this, the market cap of Life Insurance Corporation (LIC) has decreased by Rs 13,946 crore to Rs 6,00,179 crore. At the same time, the market valuation of ICICI Bank has decreased by Rs 11,363 crore and it has become Rs 8,61,696 crore. Apart from this, the market cap of the country’s largest private sector bank HDFC Bank has decreased by Rs 4,998 crore to Rs 12,59,269 crore.
On the other hand, the market valuation of Bharti Airtel, Infosys and State Bank of India (SBI) has seen an increase. The market capitalization of Bharti Airtel has increased by Rs 26,330 crore to Rs 9,60,435 crore. The market capitalisation of Infosys rose by Rs 6,913 crore to Rs 8,03,440 crore and that of SBI rose by Rs 3,034 crore to Rs 7,13,968 crore.
Last week, the Nifty fell 50 points or 0.20 per cent to 24,964 and the Sensex fell 307 points or 0.38 per cent to 81,381. This was the second consecutive week when the markets closed in the red.
