Panic Broke Out In The World Market And The Country's Biggest 'Mahabali' Was Shaken. - Gondwana University (2024)

There has been a huge drop in the market capitalisation of the country’s large companies.

Due to the turmoil witnessed in the Indian and global stock market, 9 out of the top 10 Sensex companies have collapsed. From Reliance Industries to TCS, and from SBI to LIC, there has been a huge fall in the valuations of all. Only one company, Hindustan Unilever, has made profits of over Rs 5,200 crore.

If we talk about the top nine companies, there has been a loss of Rs 2,95,743.93 crore. The biggest loss suffered by the largest company in the country, Reliance Industries. After that, LIC, one of the largest government-owned companies in the country, suffered a loss of over Rs 47 billion. Let us also tell you how much loss has been suffered by the big companies in the country.

Loss for the country’s large companies.

1. A 3.46 per cent fall has been observed in the shares of Reliance Industries Limited. Due to which the shares of the company reached Rs 2,894.70 crore. There was a loss of Rs 70,195.32 crore in the market capitalisation of the company. Due to which, the total valuation of the company has come down from Rs 20,28,695.57 crore to Rs 19,58,500.25 crore.
2. Shares of TCS, the country’s largest IT company, closed at Rs 4,155.30 with a drop of 2.98 per cent. Due to this decline, the valuation of the company has fallen from Rs 46,202.97 crore to Rs 15,03,423.91 crore. The market capitalisation of the company on Friday was Rs 15,49,626.88 crore.

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3. Shares of HDFC Bank, the country’s largest private lender, closed at Rs 1,615.15 with a drop of 2.68 per cent. Due to this decline, the market capitalisation of the company saw a decline of Rs 33,261.96 crore and came to Rs 12,30,339.44 crore. The market capitalisation of the company on Friday stood at Rs 12,63,601.40 crore.
4. Shares of Bharti Airtel, one of the largest telecom companies in the country, closed at Rs 1,466, down 1.86 per cent. Due to this decline, the market capitalisation of the company has declined by Rs 15,798.04 crore to Rs 8,34,591.84 crore. The market capitalisation of the company on Friday was Rs 8,50,389.88 crore.
5. Shares of ICICI Bank, the country’s second-largest private lender, closed at Rs 1,172.70 with a drop of 1.99 per cent. Due to which the valuation of the bank has been reduced by Rs 16,717.54 crore to Rs 8,25,459.24 crore. The market capitalisation of the bank on Friday was Rs 8,42,176.78 crore.
6. The country’s largest private lender, State Bank of India, fell 4.34 per cent to close at Rs 811.10 crore. Due to this decline, the bank’s valuation has been reduced by Rs 32,842.58 crore to Rs 7,23,875.27 crore. On Friday, the bank’s market capitalisation stood at Rs 7,56,717.85 crore.
7. Shares of Infosys, one of the largest IT companies in the country, closed at Rs 1,751.40 with a drop of 3.84 per cent. Following this fall, the valuation of the company has been reduced by Rs 29,064.2 crore to Rs 7,27,186.27 crore. The market capitalisation of the company on Friday was Rs 7,56,250.47 crore.
8. Shares of Life Insurance Corporation of India, the country’s largest insurance company, fell 6.37 per cent and closed at Rs 1,106.80. Due to this decline, the valuation of the company was reduced by Rs 47,627.23 crore to Rs 7,00,050.75 crore. The market value of the company on Friday was Rs 7,47,677.98 crore.
9. Shares of the country’s largest consumer goods company ITC fell 0.72 per cent and closed at Rs 485.80. Due to this decline, the valuation of the company declined by Rs 4,034.09 crore to Rs 6,07,389.02 crore. On Friday, the valuation of the company stood at Rs 6,11,423.11 crore.
10. There has been a surge in the shares of Hindustan Unilever, the country’s largest consumer goods company. The company’s shares closed at Rs 2,715.90 with a rise of 0.83 per cent. Following this surge, the company’s market capitalisation came down from Rs 5,263.08 crore to Rs 6,38,125.49 crore. The company’s market capitalisation on Friday stood at Rs 6,32,862.41 crore.
11. This means that there has been a loss of Rs 2,95,743.93 crore in the market capitalisation of 9 major companies among the top 10 in the country. However, Sensex has closed with a drop of 2,222.55 points. While Nifty has seen a fall of 662.10 points.