For the Indian Stock Market, the last week proved to be excellent and BSE Sensex gained 737.98 points or 0.90 per cent. Meanwhile, the market cap of nine of the Sensex’s top-10 valuable companies recorded an increase of Rs 1,00,850.96 crore. In this, the highest earnings were made to the investors of Mukesh Ambani, Reliance Industries (Reliance) and private sector’s biggest HDFC Bank (HDFC Bank).
Reliance investors have fun
Reliance Industries’s market captivity (Reliance Market Cap) increased rapidly to Rs 19,53,480.09 crore. Reliance stock also recorded an increase of around three and a half percent during this period. According to this boom in the market cap, Reliance Investors earned Rs 30,786.38 crore in just five days of business.
These benefits including HDFC Bank
Apart from Reliance Industries, HDFC Bank was second in the companies for which the last week proved to be earned. HDFC Bank MCAP increased to Rs 15,15,853.85 crore with an increase of Rs 26,668.23 crore. Apart from this, the market value of Bajaj Finance increased by Rs 12,322.96 crore and it increased to Rs 5,82,469.45 crore. Talking about ICICI Bank Market Cap, it rose to Rs 10,41,053.07 crore in the last five business days to Rs 10,41,053.07 crore.
Hindustan Unilever’s market cap included in the list of Most Valuable Companies of Sensex, jumped with an increase of Rs 9,280.89 crore to Rs 5,61,282.11 crore. Apart from this, telecom giant Bharti Airtel’s MCAP (Bharti Airtel MCAP) increased to Rs 10,65,894.55 crore, while the market value of Life Insurance Corporation of India increased to Rs 6,953.12 crore to Rs 6,07,073.28 crore.
The market cap of Infosys, the country’s second largest IT company Infosys, increased by Rs 519.27 crore to Rs 6,49,739.73 crore. So at the same time, the value of State Bank of India, the country’s largest government bank, increased by Rs 401.61 crore and it increased to Rs 7,25,437.74 crore.
Tata’s loss to TCS alone
While 9 out of the Top-10 of the Sensex, the market cap of 9 valuable companies has seen a boom, Tata Group’s IT company TCS alone was the only firm whose market value has declined. Last week, TCS Market CAP was reduced to Rs 12,24,975.89 crore and its value was reduced by Rs 28,510.53 crore.
Reliance dominates number-1
After the latest change in the top-10 list of Sensex, where Mukesh Ambani’s company Reliance Industries remained at number-1 among the most valuable companies in the country, then HDFC Bank, TCS, Bharti Airtel, ICICI Bank, Infosys, LIC, Bajaj Finance and Hindustan Unhiver respectively were ranked.
(Note- Be sure to consult your market experts before any kind of investment in the stock market.)