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Share Market Sensex: Last week was one of the worst week of the year for the Indian stock market. Shares of many companies fell, lakhs of rupees of investors were drowned. While opening the market this morning, a decline was definitely seen in the Sensex. In early trade, the BSE Sensex saw a decline of 544.73 points, but at the time of closing, the Sensex bounced back sharply and rose by 169 points to reach 59,500. Nifty has also seen a boom, it has managed to reach 18,572 by gaining 40 points.
Bounce recorded in Sensex today
Loss of 2 lakh crores last week
The market capitalization (market cap) of seven of the top 10 Sensex companies declined collectively by Rs 2,16,092.54 crore last week. Reliance Industries and State Bank of India (SBI) suffered the most. Last week, the 30-share BSE Sensex fell 1,290.87 points or 2.12 per cent. Apart from these, the market capitalization of HDFC Bank, Infosys, ICICI Bank, HDFC and Bharti Airtel also declined.
Record decline in last five days
Investors of these three companies benefited
On the other hand, Tata Consultancy Services (TCS), Hindustan Unilever and ITC gained market valuation. The market capitalization of Reliance Industries declined by Rs 71,003.2 crore to Rs 15,81,601.11 crore in the week under review. Reliance Industries suffered the most. SBI’s market cap declined by Rs 46,318.73 crore to Rs 4,82,107.53 crore. The market valuation of ICICI Bank declined by Rs 36,836.03 crore to Rs 5,70,509.34 crore. The m-cap of HDFC Bank declined by Rs 24,899.93 crore to Rs 9,01,287.61 crore and that of Bharti Airtel declined by Rs 23,747.55 crore to Rs 4,31,583.22 crore.
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