Share Market Capital: Year 2024 started sluggishly, top 6 companies lost Rs 57,408 crore
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Share Market Capital: The beginning of the year 2024 has been very heavy for the Indian stock market. In the year 2023, where Sensex and Nifty broke many records. At the same time, there is a cold feeling in the market in the new year. The market capitalization (market cap) of six of the top 10 most valuable Sensex companies collectively declined by Rs 57,408.22 crore last week. The biggest loss was suffered by Tata Consultancy Services (TCS) and HDFC Bank. 30 of BSE last week shares The Sensex lost 214.11 points or 0.29 percent. On January 1, the Sensex had reached its all-time high of 72,561.91 points. In the week under review, the market valuation of TCS declined by Rs 20,929.77 crore to Rs 13,67,661.93 crore. TCS was the biggest loser.
The market capitalization of HDFC Bank declined by Rs 20,536.48 crore to Rs 12,77,435.56 crore. The market capitalization of Hindustan Unilever (HUL) fell by Rs 10,114.99 crore to Rs 6,15,663.40 crore. Infosys’ valuation declined by Rs 4,129.69 crore to Rs 6,36,222.11 crore and that of ICICI Bank fell by Rs 1,608.05 crore to Rs 6,97,357.42 crore.
The market capitalization of State Bank of India (SBI) declined by Rs 89.24 crore and stood at Rs 5,72,826.22 crore. Contrary to this trend, the market capitalization of Reliance Industries increased by Rs 14,816.85 crore to reach Rs 17,63,644.77 crore. ITC’s valuation jumped by Rs 14,409.32 crore to Rs 5,91,219.09 crore. Bharti Airtel’s market valuation increased by Rs 8,200.55 crore to reach Rs 5,88,846.09 crore. The market capitalization of Life Insurance Corporation of India (LIC) increased by Rs 7,020.75 crore to Rs 5,34,082.81 crore. Reliance Industries remained at first position in the list of top 10 companies. After that, TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, Bharti Airtel, State Bank of India and LIC were ranked respectively.
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