Last week was full of relief for the stock market. However, Sensex-Nifty plunged deeply in the four trading days of the week and a stormy rise was also seen. Meanwhile, there was a big jump in the market capitalization of 8 of the 10 most valuable companies on Sensex. HDFC Bank investors gained the most and printed over Rs 40,000 crore in just four days.
Sensex rose on Friday
Last week, the stock market’s main 30-share index gained 1,536.8 points or 1.98 percent. On Friday alone, the last trading day of the week, BSE Sensex jumped 1,961.32 points or 2.54 per cent and closed at 79,117.11. Meanwhile, NSE Nifty also recorded an increase of 374.55 points or 1.59 per cent. In a week of relief, the market value of eight of the top 10 BSE companies combined rose by Rs 1,55,603.45 crore.
HDFC Bank investors struggle
HDFC Bank investors are at the forefront of companies whose last week has been fantastic for their investors. Market capitalization (HDFC Bank MCap) of HDFC Bank increased to Rs 13,34,418.14 crore. According to this, there was a huge increase of Rs 40,392.91 crore in investors’ wealth in just four trading days. Following this, the market value of Tata Group’s TCS company increased by Rs 36,036.15 crore to Rs 15,36,149.51 crore.
These companies also benefited
Among the other companies that participated last week in terms of income for its investors, ICICI Bank ranked third. Its market capitalization increased by Rs 16,266.54 crore to Rs 9,01,866.22 crore. Apart from this, Infosys’ market value increased by Rs 16,189.33 crore to Rs 7,90,151.83 crore, while Hindustan Unilever’s (HUL MCap) MCap increased by Rs 13,239.95 crore to reach 5.74 ,569.05 million rupees.
The market value of ITC Limited also increased and increased from Rs 11,508.91 million to Rs 5,94,272.93 million. Meanwhile, the market capitalization (Airtel MCap) of Bharti Airtel increased by Rs 11,260.11 crore to Rs 8,94,068.84 crore and the value of the country’s largest bank SBI (SBI market value), increased by Rs 10,709.55 crore to Rs 7,28,293.62 crore.
Ambani’s company faces huge losses
Those who invested money in Reliance Industries Limited, the company of the country’s richest man Mukesh Ambani, were disappointed last week and RIL MCap fell by Rs 2,368.16 crore to Rs 17,13,130.75 crore in four days. Apart from this, the biggest loss has been suffered by insurance giant LIC and its market value has reduced by Rs 11,954.24 crore to Rs 5,62,545.30 crore.
Reliance’s dominance at number 1
Although Mukesh Ambani’s company Reliance suffered losses last week, Reliance occupies the first position in the list of top 10 companies in terms of market value. After this, TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, ITC, Hindustan Unilever and LIC were ranked respectively.
(Note: Before making any kind of investment in the stock market, definitely consult your market experts.)
