Priyanka
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Stock Market Last Week : The past week has been turbulent for the Indian stock market, with heavy selling across sectors leading to significant losses. The market cap of some of the country’s biggest companies, including Reliance Industries, saw a massive decline. Between February 10 and February 14, the Sensex dropped by 2,644.6 points (3.36%), while the Nifty fell by 810 points (3.41%). As a result, eight out of the top ten most valuable companies lost over ₹2 lakh crore in market capitalization.
Reliance Industries Suffers the Heaviest Losses
Reliance Industries, India’s largest private-sector company, was the worst hit. Its market capitalization shrank by ₹67,526 crore, bringing its total valuation down to ₹16,46,822 crore.
Tata Consultancy Services (TCS) also witnessed a sharp decline, with its market cap reducing by ₹34,950 crore, settling at ₹14,22,903 crore.
HDFC Bank and Infosys Also Under Pressure
The losses weren’t limited to Reliance and TCS. Several other major players in the Indian market saw significant declines in their market value:
- HDFC Bank: Lost ₹28,382 crore, with its market cap dropping to ₹12,96,708 crore.
- ITC: Declined by ₹25,429 crore, reducing its market cap to ₹5,13,699 crore.
- Infosys: Saw a decrease of ₹19,287 crore, bringing its market cap down to ₹7,70,786 crore.
- State Bank of India (SBI): Lost ₹13,431 crore, bringing its total market value to ₹6,44,357 crore.
- Hindustan Unilever Limited (HUL): Market cap fell by ₹10,714 crore, landing at ₹5,44,647 crore.
- Bajaj Finance: Experienced a ₹4,230 crore decline, lowering its market cap to ₹5,20,082 crore.
Bharti Airtel and ICICI Bank Register Gains
Despite the overall market downturn, two companies managed to buck the trend and record gains in market capitalization:
- Bharti Airtel: Increased its market cap by ₹22,426 crore, reaching ₹9,78,631 crore.
- ICICI Bank: Registered a modest gain of ₹1,182 crore, pushing its market cap to ₹8,88,815 crore.
Realty and Midcap Indices Hit the Hardest
The broader market also saw heavy declines, with some sectors taking a particularly strong hit:
- Nifty Realty Index: Dropped over 9%, leading the market decline.
- Nifty Oil & Gas Index: Fell by 6% during the week.
- Nifty Midcap 150 Index: Witnessed its biggest fall since the COVID-19 pandemic.
- Nifty Smallcap 250 Index: Dropped 9.5%, marking its sharpest decline since the onset of the pandemic.
- BSE Midcap Index: Fell 2.59%.
- BSE Smallcap Index: Declined by 3.24%.
