Share Market: Market cap of top 10 companies decreased by Rs 1.93 lakh crore, know how the market will be this week
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Share Market Analysis: Market capitalization of top 10 Sensex companies (Market Cap) collectively declined by Rs 1,93,181.15 crore last week. Tata Consultancy Services (TCS) And HDFC What happened to the bank? The 30-share BSE Sensex fell 1,614.82 points or 2.46 per cent during the last week with less trading sessions. In the week under review, the market capitalization of Tata Consultancy Services declined by Rs 52,580.57 crore to Rs 12,25,983.46 crore. The market capitalization of HDFC Bank declined by Rs 40,562.71 crore to Rs 11,14,185.78 crore. The market valuation of Reliance Industries declined by Rs 22,935.65 crore and stood at Rs 15,32,595.88 crore. Infosys’ valuation declined by Rs 19,320.04 crore to Rs 5,73,022.78 crore. Bharti Airtel’s market capitalization stood at Rs 5,13,735.07 crore with a loss of Rs 17,161.01 crore. Bajaj Finance’s valuation declined by Rs 15,759.95 crore to Rs 4,54,814.95 crore.
State Bank got a big blow
The market capitalization of ICICI Bank declined by Rs 13,827.73 crore and stood at Rs 6,39,292.94 crore. ITC’s market cap stood at Rs 5,40,637.34 crore with a loss of Rs 5,900.49 crore. The market capitalization of Hindustan Unilever declined by Rs 3,124.96 crore and stood at Rs 5,83,098.06 crore. The market capitalization of State Bank of India (SBI) declined by Rs 2,008.04 crore to Rs 5,00,670.73 crore. Reliance Industries remained at first position in the list of top 10 companies. After that, TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, Bharti Airtel, SBI and Bajaj Finance were ranked respectively.
The direction of the market will be decided by the Federal Reserve’s decision on interest rates.
The US central bank Federal Reserve’s decision on interest rates, global trends, macroeconomic data and quarterly results of companies will decide the direction of the stock markets this week. Analysts have expressed this opinion. Apart from this, the activities of foreign investors and global crude oil prices will also be important for the direction of the market. Santosh Meena, head of research at Swastika Investmart, said that all eyes are on the results of the Federal Reserve meeting on November 1. The results of the meeting become more important especially in view of the bond yields in America reaching multi-year high. Apart from this, the policy decisions of the Bank of Japan will also be closely monitored. He said that apart from these major developments, global factors will also be important for the market. Apart from the economic data of America and China, market sentiment will also be affected by the constantly changing geopolitical situation. Quarterly results of Adani Green Energy, DLF, TVS Motor Company, Bharti Airtel, GAIL, Hero MotoCorp, Tata Steel, Adani Enterprises, Tata Motors and InterGlobe Aviation are to be declared this week. He said that on the domestic front, the second quarter results of the companies will present a picture of the financial health of the firms. Everyone will also keep an eye on the monthly sales figures of vehicle companies. This will reveal the demand for vehicles during the Dussehra festival.
Global economic developments will affect the market
Master Capital Services Ltd. Arvinder Singh Nanda, senior vice-president, said the market will be guided by key domestic and global economic developments such as India’s S&P global manufacturing and services PMI data, China’s manufacturing and non-manufacturing PMI, euro zone inflation and GDP data, crude oil inventories, UK The US manufacturing PMI, US manufacturing and services PMI will react to unemployment allowance, non-farm employment, unemployment rate and the Federal Reserve’s interest rate decision. The 30-share BSE Sensex fell 1,614.82 points or 2.46 percent in the last week with less trading sessions. Religare Broking Ltd. Senior Vice President Technical Research, Ajit Mishra said that the continued slowdown on the global front is affecting the sentiment. Last week, Sensex and Nifty stopped their falling trend on Friday and both the benchmark indices rose by more than one percent. Prashant Tapse, Senior Vice President (Research), Mehta Equities Limited, said that despite the strength on Friday, we believe that the market is not out of trouble yet. Only some solution to the Israel-Hamas conflict can provide strength to the market.
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