SBI News: Impact of holidays on stock market, ‘these’ top companies hit by 35 thousand crores

• SBI got a big shock in the stock market
• 7 out of 10 leading companies fall in value
• However, Infosys and Bharti Airtel performed well

SBI News: Last week was a disappointing day for the stock market. The holidays led to fewer trading sessions, leading to a bearish market. Even the largest companies in the country were affected. Out of the top 10 most valuable companies, the combined market value of 7 companies fell by approximately Rs 35,439 crore. State Bank of India, a state-owned banking company, suffered the biggest losses in the fall. Although the BSE Sensex closed the week slightly higher, not all majors benefited.

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Weak global cues, investor caution and profit-booking in select stocks continued to pressure the value of big names. This led to decline in top companies. The market value of State Bank of India alone fell by over Rs 12,000 crore. After this, the value of major companies like Reliance Industries, Bajaj Finance and Larsen & Toubro also fell by thousands of crores. ICICI Bank, LIC and TCS also failed to emerge from this slump.

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HDFC Bank, Infosys and Airtel shined

While most major companies are under pressure, some stocks have given investors relief. The market value of HDFC Bank increased significantly. Infosys and Bharti Airtel also performed well, increasing their market value. This made it clear that the market was not entirely weak, but buying continued in select sectors. Despite ups and downs, Reliance Industries remains the country’s most valuable company. It is followed by HDFC Bank and Bharti Airtel. TCS, ICICI Bank and SBI also remained in the top rankings. However, their values ​​declined slightly. However, today the stock market opened positive on Monday at the beginning of the week. Investors are happy with this. Global developments are causing some investors to be cautious.

Disclaimer: This is an automated news feed of Navrastra newspaper. That navarashtra.com Not edited by staff.