Sensex-Nifty on red mark, weak start of stock market

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The stock market today started trading with a red mark. On Monday, the 30-share sensitive index Sensex of the Bombay Stock Exchange opened with a loss of 35 points at 40,649.76. The Nifty of the National Stock Exchange also started with a red mark. The Nifty opened at 11,937.40 today. The Nifty was trading 15 points down to 11915 level in early trade. At the same time, the Sensex fell 82 points to 40603 level. The Sensex gained 702.52 points or 1.75 percent in the previous week.

Last week, six companies gained market share in the top 10

Last week, the market capitalization (MCAP) of six of the top 10 Sensex companies registered an increase of Rs 86,638.71 crore. The valuations of HDFC and HDFC Bank increased the most. ICICI Bank, Kotak Mahindra Bank, Bharti Airtel and HCL Technologies were followed by them. However, the market capitalization of Reliance Industries Limited (RIL), Tata Consultancy Services (TCS), Hindustan Unilever Limited (HUL) and Infosys saw a decline during this period.

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During this period, the valuation of HDFC Bank, the leading private sector bank of the country, increased by Rs 20,198.59 crore to Rs 6,80,092.72 crore. HDFC saw an increase in market capitalization of Rs 18,146.58 crore to Rs 3,70,132.82 crore. Similarly, Bharti Airtel’s valuation rose by Rs 17,894.22 crore to Rs 2,9,962.13 crore, ICICI Bank’s M-cap increased by Rs 14,415.27 crore to Rs 2,87,490.70 crore, Kotak Mahindra Bank’s market valuation rose by Rs 9,204.18 crore to Rs 2,73,760.15 crore and HCL Technologies. The valuation increased by Rs 6,824.87 crore to Rs 2,31,272.11 crore.

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In contrast, RIL’s valuation declined by Rs 42,567.02 crore to Rs 14,28,514.26 crore. Similarly, TCS ‘market cap was reduced by Rs 28,536.89 crore to Rs 10,08,059.39 crore, Infosys saw a loss of Rs 2,385.23 crore to Rs 4,77,906.02 crore and Hindustan Unilever lost Rs 1,574.2 crore to Rs 5,03,756.61 crore. Reliance Industries topped the list of top 10 companies followed by TCS. These were followed by HDFC Bank, Hindustan Unilever, Infosys, HDFC, ICICI Bank, Kotak Mahindra Bank, Bharti Airtel and HCL Technologies respectively.

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