Reliance continues to rule the top 10 companies in India. It is followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, HDFC, State Bank of India and Bharti Airtel.
In the past week, the crisis in the US banking sector, anti-inflation measures, and the global economic slowdown have seen stock markets fall. Sensex and Nifty fell around 0.8%.
Reliance, TCS, HDFC, Bank, Infosys and SBI saw declines in market value as their share prices fell. Shares of ICICI Bank, Hindustan Unilever, ITC, HDFC Home Loans and Bharti Airtel rose marginally.
Infosys’ market capitalization fell by Rs 25,217.2 crore to Rs 5.7 lakh crore. SBI’s value fell by Rs 21,062.08 crore to Rs 4.5 lakh crore. TCS value fell by Rs 21,039.55 crore to Rs 11.4 lakh crore. Reliance’s value has fallen by Rs 13,226.53 crore to Rs 14.9 lakh crore. HDFC Bank lost Rs 5,901.76 crore in market value. IT companies Infosys and TCS saw the biggest decline. Subsequently, SBI collapsed.
On the other hand, ICICI Bank’s stock rose to a market value of Rs 10,905 crore. The bank is currently valued at Rs 5.94 lakh crore. Hindustan Unilever’s market value increased by Rs 7,542 crore to Rs 5.8 lakh crore, ITC’s market value increased by Rs 3,664 crore to Rs 4.7 lakh crore, Bharti Airtel’s market value increased by Rs 2,787 crore to Rs 4.24 lakh crore and HDFC’s market value rose to Rs 384 crore. It has increased to Rs.4.6 lakh crore.