Sharp Decline in Share Market Amidst India-Pakistan Tensions. Top 8 Sensex Companies Suffer ₹1.6 Lakh Crore Loss, Reliance Hit Hardest.
Indo-Pak Market Impact: Recent military tensions between India and Pakistan have significantly impacted the Indian stock market. By the end of the week, eight out of the top ten companies listed on the Bombay Stock Exchange (BSE) witnessed a combined market capitalization decline exceeding ₹1.6 lakh crore. Reliance Industries Limited suffered the most substantial loss.
Reliance Industries Faces the Biggest Loss
India's largest company, Reliance Industries, bore the brunt of the losses this past week. Its market capitalization (Market Cap) decreased by ₹59,799.34 crore, settling at ₹18,64,436.42 crore. Despite this significant drop, Reliance Industries remains India's most valuable company.
Significant Decline in the Banking Sector
- The week's volatility negatively impacted major private and public banking companies.
- ICICI Bank's market cap fell by ₹30,185.36 crore, reaching ₹9,90,015.33 crore.
- HDFC Bank experienced a loss of ₹27,062.52 crore, resulting in a market value of ₹14,46,294.43 crore.
- State Bank of India (SBI) also suffered a loss of ₹18,429.34 crore, its market cap dropping to ₹6,95,584.89 crore.
Other Major Companies Also Affected
- Beyond banking, leading companies in other sectors also incurred losses during this tense week.
- Bajaj Finance's market cap decreased by ₹13,798.85 crore, standing at ₹5,36,927.95 crore.
- ITC Limited experienced a loss of ₹8,321.89 crore, its value reaching ₹5,29,972.97 crore.
- Bharti Airtel's value dropped by ₹2,138.29 crore, reaching ₹10,53,891.62 crore.
- TCS suffered a loss of ₹578.89 crore, its market cap settling at ₹12,45,418.09 crore.
Some Companies Show Positive Returns
While most companies experienced losses, two companies delivered positive returns to their investors.
- Hindustan Unilever Limited (HUL)'s market cap increased by ₹2,537.56 crore, reaching ₹5,48,382.85 crore.
- Infosys's market value increased by ₹415.33 crore, reaching ₹6,26,083.70 crore.
New Standing of Top-10 Companies
Despite the recent decline, Reliance Industries remains at the top of India's top-10 companies ranking. It is followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, Bajaj Finance, and ITC respectively.
Expert Advice Crucial for Stock Market Investment
Escalating geopolitical tensions between India and Pakistan impact investor strategies. During such sensitive times, seeking expert advice before making any stock market investments is crucial to mitigate risks and make informed decisions.
