Mumbai, March 29: Tensions in the Middle East are affecting the Indian stock market significantly. Over the past week, seven of the country’s top ten companies have seen a decrease in their market capitalization, totaling ₹1.75 lakh crore.
From March 23 to 27, the Indian stock market experienced a downturn. During this period, the Nifty index fell by 1.28 percent, or 294.90 points, closing at 22,819.60. Meanwhile, the Sensex dropped by 1.27 percent, or 949.74 points, ending at 73,583.22.
The companies that experienced a decline in market cap include Reliance Industries, HDFC Bank, State Bank of India, ICICI Bank, Bharti Airtel, Hindustan Unilever Limited, and Tata Consultancy Services.
Conversely, L&T, Bajaj Finance, and Infosys saw an increase in their market capitalization.
Reliance Industries’ market cap decreased by ₹89,720.3 crore, bringing it down to ₹18,24,515.62 crore. HDFC Bank’s market cap fell by ₹37,248.59 crore to ₹11,64,018.69 crore.
The State Bank of India’s market capitalization dropped by ₹35,399.42 crore, now standing at ₹9,41,569.15 crore. ICICI Bank’s market cap decreased by ₹8,121.76 crore to ₹8,83,551.30 crore.
Bharti Airtel’s market capitalization fell by ₹2,480.42 crore to ₹10,50,413.33 crore. Hindustan Unilever’s market cap decreased by ₹2,091.13 crore to ₹4,87,540.19 crore. Tata Consultancy Services saw a decline of ₹271.35 crore, bringing its market cap to ₹8,64,668.65 crore.
On the other hand, L&T’s market cap increased by ₹18,051.68 crore, reaching ₹4,90,536.19 crore. Bajaj Finance’s market cap rose by ₹8,680.36 crore to ₹5,25,395.48 crore, while Infosys saw an increase of ₹6,245.3 crore, bringing its market cap to ₹5,15,034.67 crore.
This week, Reliance Industries remains the most valuable company in the country, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Infosys, L&T, and Hindustan Unilever Limited.
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My name is Narendra Jijhontiya. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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