Karnataka News Network
Buisness

Reliance, HUL, ICICI Bank and ITC investors suffered losses, HDFC Bank-TCS made huge profits

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.

Related posts

Aadhar News: View the New UIDAI Regulations for Aadhar Updates and Enrollment Here

Have you yet to get your ITR refund? Here is a step-by-step guide on how to check the status of a tax refund for fiscal year 2022–2023

BCCI central contracts: Richa Ghosh, Jemimah Rodrigues get promotion; Shikha Pandey, Taniya Bhatia dropped | Cricket News – Times of India

Admin

On certain American Model 3 vehicles, Tesla is providing discounts of more than USD 1,300

Admin

The IPO for the Indian Renewable Energy Development Agency is now accepting subscriptions

Greetings, Investor What Is The Adequate Amount To Invest In A Mutual Fund?