These 8 big companies fortunes have declined, they have suffered a loss of Rs 70,500 crore

Share Market News / These 8 big companies fortunes have declined, they have suffered a loss of Rs 70,500 crore

Share Market News - These 8 big companies fortunes have declined, they have suffered a loss of Rs 70,500 crore

Share Market News: The stock market continued to decline for the fourth consecutive day this week. Investors suffered a total loss of Rs 13 lakh crore on the previous day, and the market cap of 8 of the top 10 companies of the country also declined. According to data from BSE (Bombay Stock Exchange), the market cap of these 8 companies declined by more than Rs 70,500 crore. However, the market cap of two companies increased, which was a matter of relief.

Who suffered how much loss?

The country's largest private bank HDFC Bank suffered the most. The bank's market cap fell by Rs 20,700 crore to Rs 12.46 lakh crore. After this, the market capitalization of ICICI Bank and SBI has also declined by more than Rs 12,000 crore. The market cap of major companies like Reliance Industries, HCL Tech and Infosys has also declined by more than Rs 2,000 crore.

Analysis of companies with big decline:

HDFC Bank: Market capitalisation fell by Rs 20,688.69 crore to Rs 12,46,751.92 crore.

ICICI Bank: Valuation fell by Rs 13,261.23 crore to Rs 8,68,239.78 crore.

SBI: Market cap fell by Rs 12,092.86 crore to Rs 6,51,140.28 crore.

Bharti Airtel: Market cap fell by Rs 9,284.21 crore to Rs 9,10,649.78 crore.

ITC: Market cap fell by Rs 7,256.8 crore to Rs 5,49,326.64 crore.

Reliance Industries: Market cap fell by Rs 3,112.45 crore to Rs 16,78,081.90 crore.

HCL Tech: Declined by Rs 2,808.65 crore to Rs 5,38,730.36 crore.

Infosys: Declined by Rs 2,034.61 crore to Rs 8,14,592.17 crore.

Increase in only two companies

However, during this period, only two companies saw an increase in market cap. These include TCS and Hindustan Unilever. TCS' market cap increased by Rs 9,497.48 crore to Rs 15,52,810.80 crore. Hindustan Unilever's market valuation increased by Rs 2,596.3 crore to Rs 5,76,354.74 crore.

Stock market situation

The trend of decline continued in the Indian stock market on Monday as well. The Sensex closed at 76,330.01 points with a decline of 1,048.90 points or 1.36 percent. During trading, it had fallen to 1,129.19 points. In the last four trading days, the Sensex has fallen by about 2.5 percent. 3,562 stocks declined on the BSE, while 555 stocks saw a rise. The National Stock Exchange (NSE) Nifty also closed at 23,085.95 points, down 345.55 points or 1.47 percent.

Challenging time for investors

This decline reflects a challenging time for investors. This decline has increased uncertainty in the stock market, and this has caused huge losses to investors. In such a situation, investors need to act wisely and reconsider their investment strategies.