Share Market: Market capitalization of three companies decreased by Rs 82,082 crore, know how the market will be for a week
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Share Market Cap & Analysis:BSE The market capitalization of three of the top 10 Sensex companies (market cap) have collectively declined by Rs 82,082.91 crore in the last week. Reliance Industries has suffered the most. Reliance Industries, HDFC Bank and State Bank of India (SBI) were among the top 10 companies last week.SBI) Market valuation declined. Whereas, Tata Consultancy Services (TCS, ICICI Bank, Hindustan Unilever, Infosys, ITC, Bharti Airtel and Bajaj Finance saw an increase in market capitalisation. The market capitalization of these seven companies has collectively increased by Rs 67,814.1 crore. Last week, the 30-share BSE Sensex lost 62.15 points or 0.09 percent. The market valuation of Reliance Industries declined by Rs 58,690.9 crore to Rs 16,71,073.78 crore in the week under review.
SBI also suffered loss
HDFC Bank’s market cap declined by Rs 20,893.12 crore to Rs 11,81,835.08 crore and that of State Bank of India declined by Rs 2,498.89 crore to Rs 5,08,926 crore. On the other hand, the market capitalization of Bajaj Finance increased by Rs 21,025.39 crore to Rs 4,36,788.86 crore. The market valuation of ICICI Bank rose by Rs 13,716.34 crore to Rs 6,79,267.17 crore and that of Infosys jumped by Rs 13,199.82 crore to Rs 5,89,579.08 crore. The market capitalization of Bharti Airtel increased by Rs 9,731.21 crore to reach Rs 4,88,461.91 crore. The market valuation of TCS increased by Rs 4,738.47 crore to Rs 12,36,978.91 crore and that of Hindustan Unilever increased by Rs 2,972.23 crore to Rs 6,03,222.31 crore.
ITC’s market position increased
ITC’s market cap increased by Rs 2,430.64 crore to Rs 5,53,251.90 crore. Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, SBI, Bharti Airtel and Bajaj Finance respectively.
The direction of the stock market will be decided by macro data, global trend, activities of foreign investors
Macroeconomic data, the trend of global markets and the activities of foreign investors will decide the direction of the stock markets this week. Analysts have expressed this opinion. He said that apart from this, the traders of the market will also keep an eye on the Annual General Meeting (AGM) of Reliance Industries. Santosh Meena, Head of Research, Swastika Investmart, said that the focus of this week is the AGM of Reliance Industries on Monday, August 28. This development is sure to have some impact on the market. Apart from this, the second quarter gross domestic product (GDP) figures are coming on Thursday. With this, the picture regarding the economic performance of the country will be clear. Meena said that the figures of Manufacturing Purchase Managers Index (PMI) will come on Friday. Apart from this, the US unemployment rate and non-agricultural payroll figures are also to come on Friday itself. He said that the trend of the Chinese market, the ups and downs of the dollar index and the yield on bonds in the US would also be important from the market point of view. On Friday, vehicle companies will also announce their monthly sales figures.
Global and domestic macroeconomic data will be important
Master Capital Services Ltd. Arvinder Singh Nanda, senior vice-president, said global and domestic macroeconomic data, trend in global markets, crude oil prices, movement of rupee against dollar and attitude of domestic and foreign institutional investors will be important for the market direction. Due to the settlement of monthly derivative contracts on Thursday, some volatility can be seen in the market. Last week, the 30-share BSE Sensex lost 62.15 points or 0.09 percent. At the same time, the National Stock Exchange’s Nifty declined by 44.35 points or 0.22 percent.
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