In the week shortened due to holidays, the market capitalization of eight out of the ten most valuable companies decreased by 1.55 trillion rupees, with HDFC Bank and Bajaj Finance contributing the largest share to the losses.
During this week, the BSE Sensex index, comprising 30 stocks, fell by 1,605.44 points, representing 2.15 percent, while the NSE Nifty index, which includes 50 stocks, declined by 546.15 points or 2.36 percent.
Tracking the weak trend in the stock market, the total market capitalization of companies listed on the BSE decreased by 20,78,774.28 crores over four trading sessions, amounting to 4,51,83,393.14 crores compared to 4,72,62,167.42 crores recorded on October 16.
Among the ten largest companies, eight lost 1,55,671.9 crores, while Tata Consultancy Services and Larsen & Toubro finished the week with an increase in value.
Major Losing Companies
Among the main participants in the losses, the market value of HDFC Bank sharply decreased by 55,506.95 crores, reaching 1,067,121.12 crores. The company's shares fell by 5 percent in the last week.
Similarly, the value of Bajaj Finance decreased by 34,180.51 crores, totaling 577,146.21 crores. The market value of Reliance Industries dropped by 27,065.08 crores to 1,610,372.11 crores, and Life Insurance Corporation of India (LIC) lost 21,062.24 crores, amounting to 481,142.58 crores.
The market capitalization of Bharti Airtel fell by 9,360.75 crores to 1,179,454.70 crores. The value of State Bank of India decreased by 4,338.46 crores, totaling 883,384.38 crores. Furthermore, Infosys's capitalization declined by 2,881.38 crores to 468,528.03 crores, and ICICI Bank lost 1,276.53 crores, amounting to 1,001,594.91 crores.
Companies Showing Growth
Meanwhile, the value of Tata Consultancy Services (TCS) increased by 23,517.56 crores, reaching 914,652.52 crores. The market capitalization of Larsen & Toubro (L&T) grew by 1,788.66 crores, reaching 501,513.72 crores.
Reliance Industries was the most expensive company, followed by Bharti Airtel, HDFC Bank, ICICI Bank, TCS, State Bank of India, Bajaj Finance, L&T, Life Insurance Corporation of India, and Infosys.