The last week proved to be very fluctuated for the Indian Stock Market. Bombay Stock Exchange How out of the 30-share Sensex top-10 firms, where four companies made a strong profit, six legendary companies suffered losses. During this time, LIC, the country’s largest insurance company, earned its investors earned around Rs 60,000 crore in just five business days, while investors of companies like Reliance and TCS suffered losses.
Market slipped, yet earned money
The stock market remained sluggish last week and the BSE Sensex recorded a decline of BSE 270.07 points, or 0.33 per cent last week. However, in the meantime too, four top companies earned more than Rs 1.01 lakh crore. These included LIC, HDFC Bank, Bharti Airtel and SBI. On the other hand, Reliance led by Mukesh Ambani and Tata TCS of Tata Group including ICICI Bank, Infosys, Bajaj Finance and HUL has a strong loss.
LIC got investors’ fun
The stock of Life Insurance Corporation of India i.e. LIC made a fierce gathering in the stock market last week. During the five -day trading, the share price rose 9.94 per cent and it also saw the impact on the market valuation of the insurance company, which increased to Rs 6,03,120.16 crore and calculated accordingly, then in these five days, LIC investors (LIC Investors) printed Rs 59,233.61 crore in these five days.
Benefits from SBI to HDFC Bank
Apart from LIC, the country’s largest government bank was the largest government bank of India in the second number among the three companies, which raised money in the middle of the ups and downs. SBI Market CAP increased to Rs 7,25,036.13 crore with an increase of Rs 19,589.54 crore. Apart from this, Bharti Airtel MCAP of Indian Airtel increased by Rs 14,084.2 crore to Rs 10,58,7666.92 crore, while HDFC Market CAP increased by Rs 8,462.15 crore to Rs 14,89,185.62 crore.
These six companies harm
While investors of these four companies earned, investors of six companies including Reliance and TCS suffered losses. TACS, the IT company of Tata Group, was at the forefront of damage. TCS Market Value declined by Rs 17,909.53 crore to Rs 12,53,486.42 crore in the last five business days. On the other hand, Reliance Industries Market Capital (Reliance Market CAP) also lost Rs 7,645.85 crore to Rs 19,22,693.71 crore.
Bajaj Finance MCAP declined Rs 4,061.05 crore to Rs 5,70,146.49 crore, ICICI Bank MCAP fell by Rs 2,605.81 crore to Rs 10,31,262.20 crore. Apart from this, Hindustan Unilever’s market value decreased by Rs 1,973.66 crore and it fell to Rs 5,52,001.22 crore, the country’s second largest IT company Infosys Valocations (Infosys MCAP) fell by Rs 656.45 crore to Rs 6,49,220.46 crore.
Reliance dominates in TOP-10 list
Even though Mukesh Ambani’s company Reliance Industries suffered losses last week, but according to the market value, RIL dominated the first position in the list of top-10 valuable companies in the country. After this HDFC Bank was second and TCS was ranked third. After this, Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance and Hul respectively.
(Note- Be sure to consult your market experts before any kind of investment in the stock market.)