The market capitalization of six of the top 10 most valued domestic companies declined by a combined Rs 1,02,280.51 crore last week due to a fall in the stock markets. Reliance Industries suffered the most during this period. Among the top 10 companies, Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, Infosys and SBI faced a decline in their market valuation. Due to this, the investors investing in these companies had to suffer huge losses. Actually, investors suffered losses due to the fall in the shares of these companies.
Investing in these companies remained profitable
On the other hand, valuations of Tata Consultancy Services (TCS), HDFC Bank, HDFC and Bharti Airtel gained. The market capitalization of Reliance Industries declined by Rs 40,695.15 crore to Rs 17,01,720.32 crore. The market capitalization of Hindustan Unilever declined by Rs 17,222.5 crore to Rs 6,20,797.26 crore. The market capitalization of SBI declined by Rs 14,814.86 crore and stood at Rs 4,95,048.22 crore. HDFC Bank, on the other hand, added Rs 23,525.6 crore, taking its market capitalization to Rs 9,18,984.17 crore. The BSE Sensex had fallen 405.21 points or 0.63 percent in the previous week.
FPI invested 30,600 crores
Foreign portfolio investors (FPIs) continue to have faith in Indian stock markets and have invested over Rs 30,600 crore in June so far. He expressed confidence in the country’s macroeconomic stability and strong corporate earnings. Depository data showed FPIs infused Rs 43,838 crore in equities in May, the highest in nine months. The figure was Rs 11,631 crore in April and Rs 7,936 crore in March.