Market Cap of five of top 10 most valued firms jumps Rs 85582 crore; LIC’s biggest gainer: The market cap of five of the top 10 companies of the Sensex increased by a total of Rs 85,582.21 crore last week. Amid the positive trend of the stock market, the public sector company Life Insurance Corporation of India (LIC) made the highest profit. Last week, the BSE Sensex of 30 shares made a profit of 299.41 points or 0.39 percent. On June 13, the Sensex reached its all-time high of 77,145.46 points.
During this period, the market value of Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India (SBI) and LIC increased, while the market cap of Tata Consultancy Services i.e. TCS, ICICI Bank, Infosys, Hindustan Unilever and ITC declined. These 5 companies collectively suffered a loss of Rs 84,704.81 crore.
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Who benefited from
Last week, LIC’s market cap rose by Rs 46,425.48 crore to Rs 6,74,877.25 crore. LIC was the biggest gainer. HDFC Bank’s market cap rose by Rs 18,639.61 crore to Rs 12,14,965.13 crore. Reliance Industries added Rs 10,216.41 crore during the week and its market cap reached Rs 19,98,957.88 crore. State Bank of India’s market cap rose by Rs 9,192.35 crore to Rs 7,49,845.89 crore. Bharti Airtel’s market cap rose by Rs 1,108.36 crore to Rs 8,11,524.37 crore.
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Who caused the damage
On the contrary, the market cap of Hindustan Unilever fell by Rs 22,885.02 crore to Rs 5,82,522.41 crore. The market cap of TCS fell by Rs 22,052.24 crore to Rs 13,86,433.05 crore. The market cap of Infosys fell by Rs 18,600.5 crore to Rs 6,18,030.37 crore. The market cap of ICICI Bank fell by Rs 11,179.27 crore to Rs 7,77,795.90 crore. The market cap of ITC fell by Rs 9,987.78 crore to Rs 5,38,216.34 crore.
Reliance Industries remains on top in market cap
Reliance Industries remained at the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, SBI, Infosys, LIC, ITC and Hindustan Unilever respectively.