Market capitalization of six out of 10 most valuable Sensex companies decreased by Rs 1 lakh crore
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These companies benefited
On the other hand, valuations of Tata Consultancy Services (TCS), HDFC Bank, HDFC and Bharti Airtel gained. The market capitalization of Reliance Industries declined by Rs 40,695.15 crore to Rs 17,01,720.32 crore. The market capitalization of Hindustan Unilever declined by Rs 17,222.5 crore to Rs 6,20,797.26 crore.
SBI also suffered loss
The market capitalization of SBI declined by Rs 14,814.86 crore and stood at Rs 4,95,048.22 crore. HDFC Bank, on the other hand, added Rs 23,525.6 crore, taking its market capitalization to Rs 9,18,984.17 crore.
IPO News: Bumper earning opportunity is coming, IPOs of 4 companies are about to open, all details including price bandshare decline
There has been a continuous decline in the shares of Reliance Industries. Amidst the fall in the market, the shares of Reliance Industries have also seen weakness. Reliance’s stock has fallen more than 48 points in the last five days. Last Friday also this stock had closed with a fall of more than 17 points. Reliance’s stock has come down to the level of Rs 2,517.80. Investors have also suffered losses amid the fall in the stock.
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