Market Cap: Market capitalization of seven companies decreased by Rs 62,279 crore in BSE Sensex, FPI investment also remained sluggish
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market cap: The market capitalization (market cap) of seven of the top 10 Sensex companies declined collectively by Rs 62,279.74 crore last week. Reliance Industries suffered the most. Apart from Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, ITC, State Bank of India (SBI) and Bharti Airtel declined in market valuation during the week under review. On the other hand, the market position of HDFC Bank, Infosys and Bajaj Finance increased. The market capitalization of Reliance Industries declined by Rs 38,495.79 crore to Rs 16,32,577.99 crore during the week. The market valuation of Hindustan Unilever declined by Rs 14,649.7 crore to Rs 5,88,572.61 crore and that of Bharti Airtel declined by Rs 4,194.49 crore to Rs 4,84,267.42 crore. ITC’s market cap declined by Rs 3,037.83 crore to Rs 5,50,214.07 crore and ICICI Bank declined by Rs 898.8 crore to Rs 6,78,368.37 crore.
BSE Sensex gained 500.65 points
The market valuation of TCS declined by Rs 512.27 crore to Rs 12,36,466.64 crore. SBI’s market cap declined by Rs 490.86 crore and stood at Rs 5,08,435.14 crore. Contrary to this trend, the market capitalization of HDFC Bank rose by Rs 10,917.11 crore to Rs 11,92,752.19 crore. Infosys’ valuation jumped by Rs 9,338.31 crore to Rs 5,98,917.39 crore. The market capitalization of Bajaj Finance increased by Rs 6,562.1 crore to Rs 4,43,350.96 crore. Last week, the 30-share BSE Sensex gained 500.65 points or 0.77 percent. Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, SBI, Bharti Airtel and Bajaj Finance respectively.
FPI investment in Indian stocks remains sluggish
After investing heavily in the last three months, the flow of foreign portfolio investors (FPIs) in the Indian stock markets has slowed down. FPIs have invested 12,262 in the Indian stock markets in August amid the rise in crude oil prices and the re-emergence of inflation risk. Have put crores of rupees. Himanshu Srivastava, Associate Director-Manager Research, Morningstore India, said that instead of taking a complete ‘U-turn’, FPIs are adopting a ‘watch and wait’ policy. Global economy remains uncertain and the underlying scenario is changing rapidly. Is. Due to this, there will be ups and downs in the flow of FPI. Foreign portfolio investors invested a net Rs 12,262 crore in Indian equities in August, according to depository data. The figure includes investments made through primary market and wholesale deals.
FPI at four month low
Investment in Indian shares is the lowest figure of FPI in the last four months. Due to this, in the last three months, FPI had continuously invested more than Rs 40,000 crore in shares. FPI investment in July was Rs 46,618 crore, in June Rs 47,148 crore and in May Rs 43,838 crore. Earlier, their investment was Rs 11,631 crore in April and Rs 7,935 crore in March. Himanshu Srivastava attributed the decline in FPI investment in August to high crude oil prices and re-emergence of inflation risks. He said that apart from this, due to the increase in bond yields in the US, FPIs are withdrawing their investments from risky markets. He said that due to the continuous boom in the Indian stock markets, the valuation of shares has gone above the satisfactory level of some investors.
Strong dollar impact on the market
VK Vijayakumar, chief investment strategist, Jio Financial Services, said that due to the strengthening of the dollar and rising bond yields, FPIs are mostly selling in emerging markets in August. Apart from shares, FPIs have also invested Rs 7,732 crore in the debt or bond market last month. With this, the total investment of FPI in shares has reached Rs 1.35 lakh crore and Rs 28,200 crore in the bond market so far this year.
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