Top Companies Market Cap Loss: A huge fall was recorded in the domestic market on Friday, 27 February. Under selling pressure, BSE Sensex fell 961.42 points and closed at 81,287.19. Whereas NSE Nifty 50 fell by 317.90 points and ended the day at the level of 25,178.65. This sharp decline also affected big companies.
There was a total decrease of Rs 2.18 lakh crore in the market capitalization of 9 out of the top-10 companies of Bombay Stock Exchange. That means such a huge decline in investors’ capital was seen in the last one week. Let us know which companies have suffered the most…
These companies suffered the most loss
According to statistics, telecom company Airtel suffered the most loss. There has been a decline of about Rs 55,852 crore in the market cap of the company. HDFC Bank faced huge losses last week. During this period the company suffered a loss of Rs 37,580 crore. There has been a decline of about Rs 34,846 crore in the market cap of Reliance Industries.
Companies had to suffer huge losses due to weak market signals. At the same time, Bajaj Finance suffered a loss of Rs 20,316 crore. The market capitalization of TCS has decreased by Rs 18,181 crore and that of Life Insurance Corporation of India (LIC) by Rs 14,990 crore.
Hindustan Unilever shows strength in falling market
When most of the shares in the market were under pressure, FMCG sector giant Hindustan Unilever presented a different picture. Despite the volatile environment, an increase of Rs 5,463 crore was recorded in the market value of the company. During this period, investors maintained confidence in the company shares.
Reliance Industries Number One
On the basis of market capitalization, Reliance Industries still remains at number 1. At the same time, the second place is held by HDFC Bank and the third place by SBI.
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.)
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