Top Companies Market Cap Fall: The effect of increasing war tension in West Asia is now clearly visible on the Indian stock market. Amid increased global uncertainty and concerns about energy supply, investors’ attitude has become cautious. Which has also affected the shares of big companies.
Due to continuous selling pressure, there has been a decline in the market cap of many big companies of the country. Due to which investors have suffered huge losses. Let us understand this whole matter from figures…
Value of top 8 companies decreased
The impact of the weakness in the market last week was also seen on the top companies of the country. Talking about the last week, there was a decline in the market cap of 8 out of the 10 largest companies of the country.
During this period, the total market capitalization of these companies decreased by about Rs 2,81,581.53 crore. Due to which there was pressure on the total valuation of the market.
State Bank of India suffered the biggest loss
State Bank of India, which is among the major banks of the country in terms of market cap, suffered the biggest loss during this period. During the last four trading days, the market cap of the bank declined by Rs 53,992.96 crore, after which its total market value came down to Rs 10,55,567.27 crore.
These companies also suffered losses
A decline of Rs 46,936.82 crore was recorded in the market cap of ICICI Bank. Similarly, the market cap of HDFC Bank decreased by Rs 46,552.3 crore. Infrastructure sector company Larsen & Toubro suffered a loss of Rs 45,629.03 crore.
Whereas the market cap of Bajaj Finance declined by Rs 28,934.56 crore and the market cap of TCS declined by Rs 28,492.44 crore.
Increase in value of two companies
While there was a decline in the market cap of most of the big companies, there were two companies whose market value increased during this period. These include Reliance Industries and Infosys. Last week, the market cap of Reliance Industries increased by Rs 14,750.39 crore to reach Rs 19,01,583.05 crore.
At the same time, the market value of IT company Infosys increased by Rs 3,459.99 crore and its market cap increased to Rs 5,30,546.54 crore.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
Also read: Confidence of foreign investors wavered amid Iran-Israel war, Rs 21,000 crore withdrawn in 4 days….
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