Market frightened by the sound of war! Big decline in market cap of top-10 companies; See who suffers the most

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 know everything in detail.

Decline in value of top 8 companies

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, the market cap of 8 out of the 10 largest companies of the country registered a decline. 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 overall valuation of the market.

SBI suffered the most 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. The market cap of the bank declined by Rs 53,992.96 crore during the last four trading days. After which its total market value decreased 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 that 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.

Also read: Impact of Israel-Iran war on Dalal Street, foreign investors withdrew ₹ 21,000 crore in a week

Infosys market cap increased

IT company there Infosys market value There was an increase of Rs 3,459.99 crore and its market cap has increased to Rs 5,30,546.54 crore.