60000 Crores Swaha… Loss of crores in just 5 days, a big blow to the investors of this company
Sensex and Nifty remained under pressure in the share market last week. Six of the top 10 companies in the Sensex fell sharply in market value and investors in Mukesh Ambani’s Reliance Industries, the country’s largest, suffered the biggest losses. Investors who invested in the company’s shares lost Rs 40,000 crore in just five days, while Tata Group’s TCS also suffered huge losses. At the same time, 7 more companies also showed losses. Let’s understand how exactly the performance was.
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1.25 lakh crore loss to seven companies
During the stock market slump last week, BSE’s 30-share Sensex index fell by 532 points, while National Stock Exchange’s Nifty index fell by 181 points. Meanwhile, the market capitalization of seven of the top 10 companies in the Sensex declined by a combined Rs 1.25 lakh crore. While seven companies, including Reliance and TCS, posted losses, three companies delivered huge gains for investors even in the bearish market.
Big loss for Reliance-TCS
Reliance Industries’ market value fell to Rs 17.47 lakh crore on the last trading day of last week and investors lost Rs 39,718 crore in just five days. Tata Group’s TCS, the country’s largest IT company, was second, with its market capitalization falling by Rs 20,135 crore to Rs 7.95 lakh crore. These two companies alone suffered a loss of around Rs 60,000 crore in five days.
Big loss to these companies too
Not only Reliance and TCS, but other big names in the Sensex also suffered last week.
| Company | damage | Market Capital |
|---|---|---|
| Bharti Airtel | 18,736 crores | 10.96 Lakh Crore Rs |
| L&T | 16,880 crores | 5.44 Lakh Crore Rs |
| LIC | 14,611 crores | 5.06 Lakh Crore Rs |
| Bajaj Finance | 9,681 crore | 5.54 Lakh Crore Rs |
| HUL | 5,909 crore | 4.98 Lakh Crore Rs |
Balle – Balle of these companies including SBI
Talking about the top three Sensex companies that have benefited investors, the country’s largest public sector bank, SBI, tops the list. Its market capitalization increased by ₹12,692 crore to ₹9.02 lakh crore. ICICI Bank’s market capitalization increased by ₹4,485 crore to ₹9.05 lakh crore, while HDFC Bank’s market capitalization increased by ₹4,101 crore to ₹11.51 lakh crore.
Looking at the ranking of the largest companies by market capitalization, Mukesh Ambani’s Reliance Industries continues to dominate despite the decline. It is followed by HDFC Bank, Bharti Airtel, ICICI Bank, SBI, TCS, Bajaj Finance, LT, LIC and HUL respectively.
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