The market capitalization (mcap) of Reliance Industries (RIL) has decreased by Rs 74,000 crore in the last one week. This is due to a decline in the company’s stock price. On the other hand, State Bank of India (SBI), Tata Consultancy Services (TCS), and Infosys have been the biggest gainers in the same period. SBI’s mcap has increased by Rs 43,000 crore, while TCS and Infosys have seen an increase of Rs 36,000 crore and Rs 24,000 crore, respectively. The gains are attributed to the positive performance of these companies’ stocks. RIL’s decline is partly due to the impact of the pandemic on its consumer business, as well as the volatility in the global oil market. The decline in RIL’s mcap has led to a shift in the ranking of the top 10 companies by market capitalization. SBI has now taken the fifth spot, while TCS and Infosys have moved up to the sixth and seventh spots, respectively.

Source: https://m.sakshipost.com/news/ril-mcap-decreases-rs-74000-crore-sbi-tcs-infosys-biggest-gainers-lead-348446