Winning Bizness Desk

Mumbai. Last week witnessed a deep decline in the stock market in five trading days as the country's largest company Reliance Industries among others suffered the most. The market cap of Reliance Industries has suffered a loss of more than Rs 40 thousand crore during this period. In fact, six of the country's top 10 companies suffered a combined decline of Rs 1,02,280.51 crore in market cap last week amid a weak trend in equities, with Reliance Industries being the biggest hit. Last week, the Sensex saw a decline of 405.21 points. Out of the top 10 companies, Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, Infosys and State Bank of India declined in the market. On the other hand, there has been an increase in the market cap of Tata Consultancy Services (TCS), HDFC Bank, HDFC and Bharti Airtel.

Companies that saw decline in market cap

First of all, the market cap of Reliance Industries declined by Rs 40,695.15 crore to Rs 17,01,720.32 crore. Then the mcap of Hindustan Unilever declined by Rs 17,222.5 crore to Rs 6,20,797.26 crore. SBI's valuation declined Rs 14,814.86 crore to Rs 4,95,048.22 crore while Infosys' mcap declined Rs 11,204.66 crore to Rs 5,25,228.89 crore. Apart from this, the mcap of ITC declined by Rs 10,625.95 crore to Rs 5,52,611.81 crore and that of ICICI Bank declined by Rs 7,717.39 crore to Rs 6,46,262.77 crore.

Few companies went up also

It is not that all the companies suffered losses. Stayed in many benefits as well. HDFC Bank added Rs 23,525.6 crore to its mcap, taking its valuation to Rs 9,18,984.17 crore, while TCS added Rs 15,441.19 crore to its mcap at Rs 11,77,281.48 crore. Apart from this, HDFC's valuation increased by Rs 13,821.74 crore to Rs 5,03,318.08 crore and Bharti Airtel's market cap increased by Rs 11,297.68 crore to Rs 4,77,710.47 crore.