Market Capitalization: The market value or market cap of 8 out of the top 10 Sensex companies collectively increased by Rs 1,21,270.83 crore last week. Reliance Industries was the biggest gainer. Apart from this, the market cap of TCS, HDFC Bank, Bharti Airtel, Infosys, State Bank of India, ITC and LIC also increased. During this period, ICICI Bank and Hindustan Unilever incurred losses.
who benefited
Last week, the 30-share BSE Sensex gained 1,027.54 points or 1.21 percent. On Friday, the Sensex had touched its all-time high of 85,978.25 points. In the week under review, the market value of Reliance Industries increased by Rs 53,652.92 crore to Rs 20,65,197.60 crore. The market value of State Bank of India (SBI) increased by Rs 18,518.57 crore to Rs 7,16,333.98 crore. Bharti Airtel’s market capitalization increased by Rs 13,094.52 crore to Rs 9,87,904.63 crore.
Also read: Market Outlook: The direction of the market will be decided this week by global trends, results of companies and monthly vehicle sales data, expert opinion.
ITC’s market cap increased by Rs 9,927.3 crore to Rs 6,53,834.72 crore. The market cap of Tata Consultancy Services (TCS) increased by Rs 8,592.96 crore to Rs 15,59,052 crore. The market capitalization of HDFC Bank increased by Rs 8,581.64 crore to Rs 13,37,186.93 crore and the market capitalization of Life Insurance Corporation (LIC) increased by Rs 8,443.87 crore to Rs 6,47,616.51 crore. Infosys’ market capitalization increased by Rs 459.05 crore to Rs 7,91,897.44 crore.
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Decline in market cap of ICICIBANK and HUL
Contrary to this trend, the market capitalization of ICICI Bank declined by Rs 23,706.16 crore to Rs 9,20,520.72 crore. The market capitalization of Hindustan Unilever declined by Rs 3,195.44 crore to Rs 6,96,888.77 crore. Reliance Industries remained at first position in the list of top 10 companies. After that, TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC and LIC were ranked respectively.
