Stock Market: Four top companies that surprised investors.. Loss of Rs 1.25 lakh crore.. Reliance is a big shock!
Last week, four of the country’s 10 most valued companies were worth Rs 1,25,397.45 crore. Of these, Reliance Industries suffered a major blow. BSE Sensex fell 428.87 points (0.55 per cent) last week. Nifty fell 111 points (0.47 %).
blow with 4 companies
Market cap touched Rs. Life Insurance Corporation of India (LIC) fell to Rs 21,251.99 crore. State Bank of India fell by Rs 17,626.13 crore to Rs 6,64,304.09 crore and ICICI Bank fell by Rs 11,549.98 crore to Rs 8,53,945.19 crore.
increase in
Infosys market capitalization, on the other hand, increased by Rs 24,934.38 crore to Rs 7,78,612.76 crore. HDFC Bank lost Rs 9,828.08 crore, taking its total to Rs 12,61,627.89 crore. Bharti Airtel gained Rs 9,398.89 crore to Rs 9,36,413.86 crore and Tata Consultancy Services (TCS) gained Rs 9,262.3 crore to Rs 15,01,976.67 crore.
Apart from this, Hindustan Unilever and ITC market capitalization has also increased. Reliance Industries remains the country’s most valuable company in terms of market capitalization. RIL tops the top 10 companies, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, HUL, ITC and LIC.
Budget impact!
This week’s quarterly results and the US Fed will have an impact on reserve rates. There will also be a budget impact on the stock market. If the government announces any major announcement on Budget Day of February 1, it is likely to give a boost to the stock market.