During the last trading week, the market capitalization of seven out of the top 10 Indian companies experienced a decline of Rs 77,434.98 crore. ITC and HDFC Bank were among the worst-hit, suffering substantial losses. Meanwhile, Infosys, State Bank of India (SBI), and Bharti Airtel witnessed an increase in market cap.
Top 10 Indian Companies Experience Rs 77,434.98 Crore Decline in Market Cap
ITC’s market cap fell by Rs 26,192.05 crore to Rs 5,83,732.19 crore during the last trading week, while HDFC Bank’s market cap declined by Rs 22,747.89 crore to Rs 12,40,322.63 crore, and Bajaj Finance’s market cap declined by Rs 12,127.47 crore to Rs 4,47,298.52 crore. Reliance Industries saw its market cap decrease by Rs 5,818.43 crore to Rs 17,10,076.74 crore, and TCS’s market cap declined by Rs 5,214.15 crore to Rs 12,27,739.80 crore. On the other hand, the market cap of Hindustan Unilever declined by Rs 4,417.23 crore to Rs 6,07,369.34 crore, and that of ICICI Bank declined by Rs 917.76 crore to Rs 6,96,495.74 crore.
ITC and HDFC Bank Among Worst-Hit with Substantial Losses
However, there was an increase in the market cap of three companies. Bharti Airtel’s market cap rose by Rs 5,643.3 crore to Rs 5,00,369.30 crore, Infosys’ market cap increased by Rs 4,129.44 crore to Rs 5,56,271.03 crore, and State Bank of India (SBI) saw its market cap rise by Rs 981.71 crore to Rs 5,49,800.72 crore.
Reliance Industries retained its leading position in the list of top 10 companies in India, followed by HDFC Bank, TCS, ICICI Bank, Hindustan Unilever, ITC, Infosys, State Bank of India, Bharti Airtel, and Bajaj Finance.