Skip to main content

Market cap of five in TOP-10 companies fell by ₹30,737.51 crore last week, Reliance the biggest loser





The market capitalization of five top 10 companies in the stock market fell by Rs 30,737.51 crore last week, with Reliance Industries Ltd the biggest loser. The Sensex gained 183.37 points or 0.30 percent in the last week.


Reliance Industries, Tata Consultancy Services, ICICI Bank, State Bank of India and Bajaj Finance fell during this period. On the other hand, HDFC Bank, Infosys, Hindustan Unilever, HDFC and Life Insurance Corporation of India (LIC) benefited.




Reliance suffered losses


The market capitalization of Reliance Industries Limited (RIL) fell by Rs 12,883.7 crore to Rs 17,68,144.77 crore. The market capitalization of State Bank of India (SBI) fell by Rs 9,147.73 crore to Rs 4,64,436.79 crore.


Tata Consultancy Services (TCS) valuation fell by Rs 5,323.92 crore to Rs 12,38,680.37 crore and ICICI Bank fell by Rs 2,922.03 crore to Rs 6,05,807.09 crore. Bajaj Finance's market capitalization fell by Rs 460.13 crore to Rs 4,42,035.99 crore.


Profits to these companies


On the other hand, the market capitalization of Hindustan Unilever rose by Rs 9,128.17 crore to Rs 6,18,894.09 crore. HDFC Bank reported a growth of Rs 4,835.37 crore and its market capitalisation


8,30,042.72 crore to Rs. LIC's market capitalization increased by Rs 2,308.62 crore to Rs 4,33,768.34 crore and HDFC's market capitalization increased by Rs 1,916.08 crore to Rs 4,47,675.98 crore.

Comments

Popular posts from this blog

Caterpillar-like bacteria crawling in our mouth

 E volution of longitudinal division and multicellularity in oral bacteria LAVAL, QC ,  Aug. 22, 2022  /CNW Telbec/ - Likely to survive in the oral cavity, bacteria evolved to divide along their longitudinal axis without parting from one another. A research team co-led by Professor Frédéric Veyrier, microbial geneticist from the Institut national de la recherche scientifique (INRS), and Professor  Silvia Bulgheresi  environmental cell biologist from the University of  Vienna , just published their new insights in  Nature Communications . In  their work , they described the division mode of these caterpillar-like bacteria and their evolution from a rod-shaped ancestor. They propose to establish  Neisseriaceae  oral bacteria as new model organisms that could help pinpoint new antimicrobial targets.  Scanning electron microscopy image of caterpillar-like bacterium Simonsiella muelleri ( family Neisseriaceae)Crédit : Sammy Nyongesa and ...

A Comparison between LIC Vs PPF

  LicWalaDada Basis of Difference PPF LIC Policy Purpose Savings and investment Insurance and risk protection Returns 7.1% p.a., compounded annually Depends on the policy, usually 4%-6% Tenure 15 years Flexible tenure, as chosen by the subscriber Premature closure Not allowed Allowed with penalties Regulatory authority Central Government Insurance Regulatory and Development Authority Deposit amount The minimum is INR 500 and maximum is INR 1,50,000 Premiums are fixed and not flexible for LIC Liquidity PPF allows partial withdrawals from 7th year and a loan facility from 3rd year Insurance policies have a lock-in period of 3 years, after which the policy can be encashed Taxation PPP falls under the EEE category. Hence the investment, interest, and redemption corpus are completely tax free. The premium paid is tax free if it is less than 10% of the sum assured. The death benefit is also tax free. LicWalaDada

LIC vs Mutual Funds – Key Differences Between LIC and Mutual Funds

  Parameter Life  Insurance Mutual Fund Meaning Life insurance provides protection to a family against unforeseen events like death. A mutual fund is an investment option that helps in generating significant returns through investing in market-linked instruments. Purpose The main purpose of a life insurance policy is to safeguard the financial future of dependents. The primary motive for mutual fund investments is to generate significant returns for long term financial goals. Risk Life insurance is less risky in comparison to mutual funds. However, it offers guaranteed death benefits. Mutual funds are market-linked investments, and hence are highly volatile. Returns LIC schemes offer low returns. Mutual funds offer significant returns in the long term. Long durations help in addressing the market volatility. Tax Benefits Premium payments up to INR 1.5 lakhs qualify for tax exemption under Section 80C of the Income Tax Act, 1961. Only investment in ELSS mutual funds qualify for...