In terms of market valuation, the market value of 5 of the 10 largest companies of the country has decreased by Rs 93,358 crore in this week’s trading. Infosys was the top loser during this period. The company’s market cap has decreased by Rs 44,227 crore to Rs 6.56 lakh crore. Last week its value was Rs 7 lakh crore.
Apart from Infosys, Tata Consultancy Services (TCS) lost Rs 35,801 crore, Hindustan Unilever (HUL) lost Rs 6,567 crore, SBI lost Rs 4,462 crore and Reliance lost Rs 2,301 crore in market cap.
ICICI Bank’s value increased by ₹25,459 crore
ICICI Bank shares were bought the most during the week’s trading. The market cap of the private sector bank increased by ₹ 25,459 crores to ₹ 8.83 lakh crores. Similarly, the value of HDFC Bank increased by ₹ 12,592 crores to ₹ 13.05 lakh crores. Apart from this, shares of ITC, Bajaj Finance and Airtel were also sold more.
The stock market fell 504 points this week
Benchmark BSE Sensex reversed its early gains to close lower by 200 points on Thursday, marking its fifth straight session of losses due to selling in realty, IT and auto counters.
The 30-share BSE Sensex declined by 200.85 points or 0.27 per cent to close at 73,828.91 with 22 of its constituents ending lower and eight with gains. The index opened higher and hit a high of 74,401.11 in the late morning session.
However, it failed to hold onto gains due to persistent selling in select bluechips and shed 259.17 points or 0.35 per cent to hit a low of 73,770.59 later.
The NSE Nifty fell 73.30 points or 0.33 per cent to settle at 22,397.20. In the session, the benchmark declined by 93.15 points or 0.41 per cent to hit an intraday low of 22,377.35.