Mumbai: An interesting story has emerged amid the fluctuations in the stock market last week. While big companies like Reliance Industries’ Jio continued to suffer losses in market cap, Bharti Airtel won. This week with fewer trading sessions, the market capitalization of 9 out of the top 10 Sensex companies declined by a total of Rs 2,94,170.16 crore. But Airtel was the only company that not only withstood this slowdown, but also increased its status by Rs 7,013.59 crore. This game is not only surprising for investors, but also reflects the changing dynamics of the market.

Sensex declines, TCS suffers the biggest blow

Last week, the BSE Sensex fell 2,050.23 points (2.64%) and the Nifty fell 614.8 points (2.61%). The effect of this decline was clearly visible on the top companies. Tata Consultancy Services (TCS) suffered the biggest loss, with its market cap falling by Rs 1,10,351.67 crore to Rs 11,93,769.89 crore. Reliance Industries was not far behind, its valuation fell by Rs 95,132.58 crore to Rs 16,30,244.96 crore. Infosys suffered a loss of Rs 49,050.04 crore, after which its status shrunk to Rs 6,03,178.45 crore. Market analyst Ramesh Sharma says, “Sectors like IT and Reliance appeared under pressure this time. Global slowdown and changing investor sentiment could be the reason for this.” The condition of other companies
Bajaj Finance’s market cap fell by Rs 14,127 crore to Rs 5,40,588.05 crore, while ICICI Bank stood at Rs 9,43,264.95 crore with a loss of Rs 9,503.66 crore. HDFC Bank’s valuation fell by Rs 8,800.05 crore to Rs 13,90,408.68 crore and Hindustan Unilever’s fell by Rs 3,500.89 crore to Rs 5,27,354.01 crore. State Bank of India (SBI) and ITC were also not untouched by this decline. SBI’s market cap fell by Rs 3,391.35 crore to Rs 6,85,232.33 crore and ITC’s fell by Rs 312.85 crore to Rs 5,12,515.78 crore. Airtel shines
Amidst all this, Bharti Airtel showed a ray of hope. Its market cap increased by Rs 7,013.59 crore to Rs 9,94,019.51 crore. This jump came at a time when competition in the telecom sector is at its peak. Expert Anita Mehta says, “This growth of Airtel is the result of its strong customer base and strategic decisions. While Jio was busy with promotions like IPL, Airtel strengthened its hold in the market.” This performance brought Airtel to the fourth position in the top 10 of the Sensex.
Reliance still number one
Despite the decline, Reliance Industries remained on top with Rs 16,30,244.96 crore. It was followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Bajaj Finance, Hindustan Unilever and ITC. But Airtel’s growth has caught the attention of investors. Rakesh Verma, an investor, says, “This performance of Airtel raises hopes to compete with Jio. Now something new can be seen in the market.”

Discussion on social media

This news is also dominating social media. People are praising Airtel and taking a dig at Jio. One user wrote, “Jio kept showing IPL, and Airtel showed the game in the market.” At the same time, someone commented, “This victory of Airtel is a good sign for investors.” This debate is making the dynamics of the market more interesting.

Future of the market

This week’s decline and Airtel’s flight clearly show that the wind of change is blowing in the market. Will Airtel maintain this pace, or will Jio turn the tables again? This question is in the mind of every person who is reading this news. This game in the telecom and IT sector will not only decide the fate of the companies, but will also give a new direction to the expectations of investors.

Note: This article is based on market data and analysis.