The market capitalization of TCS declined by Rs 18,770.93 crore.
This week the Sensex registered a rise of 3.33 percent. The maximum increase in the market cap of Hindustan Unilever was 50 thousand crores. The market cap of Reliance Industries and Tata Consultancy Services declined.
second week in a row Share Market ,Share market updates) accelerated. This week the Sensex registered a rise of 3.33 percent on a weekly basis. The 30-share index Sensex gained 1574 points. Due to this rise, the market capitalization of eight of the top-10 companies of the Sensex increased by Rs 1,81,209.89 crore last week. Hindustan Unilever (Hindustan Unilever) in the highest profitHUL market cap) doing. Among the top-10 companies, only Reliance Industries and Tata Consultancy Services (TCS) declined in the market valuation. The market capitalization of Hindustan Unilever (HUL) rose by Rs 50,058.05 crore to Rs 5,86,422.74 crore in the reporting week. The market valuation of ICICI Bank rose by Rs 35,956.8 crore to Rs 5,25,656.96 crore.
HDFC Bank’s market position increased by Rs 23,940.12 crore to Rs 7,75,832.15 crore and that of Life Insurance Corporation (LIC) by Rs 19,797.24 crore to Rs 4,47,841.46 crore. State Bank of India’s (SBI) market cap rose by Rs 19,232.55 crore to Rs 4,35,922.66 crore and Infosys rose by Rs 15,126.4 crore to Rs 6,37,033.78 crore. The market valuation of Bharti Airtel rose by Rs 12,000.08 crore to Rs 3,81,833.20 crore and that of HDFC rose by Rs 5,098.65 crore to Rs 4,06,213.61 crore.
18770 crore fall in the market cap of TCS
Contrary to this trend, the market capitalization of TCS declined by Rs 18,770.93 crore to Rs 11,94,625.39 crore. The country’s largest software exporter TCS reported a profit of 5.2 per cent in the June quarter at Rs 9,478 crore. The company’s results were announced on Friday after the market closed.
11805 crores fall in the market cap of Reliance
The market position of Reliance Industries also declined by Rs 11,805.14 crore to Rs 16,17,879.36 crore. Reliance Industries remained at the first place in the list of top-10 companies. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, LIC, SBI, HDFC and Bharti Airtel respectively.
FPI withdrawal has slowed down
The process of withdrawal of foreign portfolio investors (FPIs) from the Indian stock markets continues in July as well. However, now the pace of selling of FPIs has slowed down a bit. FPIs sold shares worth over Rs 4,000 crore in July amid a firming dollar and a hike in interest rates in the US.