Stock Market: The combined market capitalization of the country’s 10 most valuable companies decreased by Rs 2.09 lakh crore last week amid a weak trend in the stock market. Reliance Industries and TCS suffered the most in this. On a weekly basis, the BSE’s 30-share index Sensex declined by 1,145.23 points, or 1.93 per cent. The market capitalization of Reliance Industries declined by Rs 67,722.33 crore to Rs 15,04,001.93 crore.
TCS’s market cap declined the most
At the same time, the market capitalization of TCS declined by Rs 55,654.17 crore to Rs 11,63,194.14 crore. The market capitalization of Infosys declined by Rs 21,250.8 crore to Rs 5,97,905.17 crore. The market capitalization of State Bank of India (SBI) declined by Rs 16,108.93 crore to Rs 4,72,290.46 crore while ITC’s valuation declined by Rs 15,226.12 crore to Rs 4,66,696.21 crore.
Bharti Airtel’s market cap also rolled
Telecom major Bharti Airtel’s market capitalization declined by Rs 9,053.44 crore to Rs 4,22,177.07 crore, while HDFC Bank’s valuation declined by Rs 8,982.11 crore to Rs 8,77,318.09 crore. The market capitalization of HDFC Ltd also declined by Rs 8,063.79 crore to Rs 4,69,460.45 crore.
Fall in market valuation of ICICI Bank and HUL
The market capitalization of private sector ICICI Bank declined by Rs 4,396.91 crore to Rs 5,83,983.07 crore while that of Hindustan Unilever Limited (HUL) declined by Rs 3,465.65 crore to Rs 5,75,273.92 crore.
Reliance is the most valuable company
Reliance retained its position as the country’s most valuable company. It was followed by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, HDFC, ITC and Bharti Airtel respectively.
According to NSDL data, FPI inflows in equities so far this month after the close of business on March 17 stood at Rs 11,495 crore. Earlier, after the week ending March 10, the FPI investment figure during the month of March was Rs 13,450 crore. This means that during this week i.e. March 13 to March 17, FPIs withdrew Rs 7,953.68 crore from the Indian market, due to which their net investment decreased by Rs 2,045 crore.
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