Although Diwali is on October 31, the Muhurat trading event at the stock market was organized on November 1. That day, the shares of the country’s top 10 companies appeared in green. What is special is that during the one-hour trading session, there was an increase of more than Rs 31.5 billion in the market capitalization of the top 10 companies. Mukesh Ambani’s Reliance Industries benefited the most. After which an increase of approximately Rs 8,800 crore was observed in market capitalization. On the other hand, there was an increase of over Rs 5,100 crore in the market capitalization of TSS and an increase of approximately Rs 5,000 crore in the market capitalization of LIC.
However, a day before, i.e. during Muhurta trading, there was a rise in the stock market. The main index of the Bombay Stock Exchange, Sensex, closed with a gain of 335 points. What is special is that this is the seventh consecutive year that the stock market has seen a boom on the occasion of the auspicious Diwali trade. Let us also tell you how much profit has been made by which of the top 10 companies in the stock market.
How much did the country’s main companies earn in one hour?
- On the occasion of one hour of Muhurta trading, the market capitalization of the country’s largest company Reliance Industries saw an increase of Rs 8,796.05 crore. After which, the market capitalization of the company increased from Rs 18,03,324.00 crore to Rs 18,12,120.05 crore.
- On the occasion of one hour of Muhurta trading, the market capitalization of the country’s largest IT company Tata Consultancy Services saw an increase of Rs 5,119.6 crore. After which, the market capitalization of the company increased from Rs 14,36,833.00 crore to Rs 14,41,952.60 crore.
- During one hour of Muhurta trading, the market capitalization of the country’s largest insurance company LIC witnessed an increase of Rs 4,965.13 crore. After which, the market capitalization of the company increased from Rs 5,83,544.28 crore to Rs 5,88,509.41 crore.
- On the occasion of one hour of Muhurat trading, the market capitalization of Airtel, which is among the largest telecom companies in the country, saw an increase of Rs 2,732.81 crore. After which, the market capitalization of the company increased from Rs 9,17,566.54 crore to Rs 9,20,299.35 crore.
- On the occasion of one hour of trading on Muhurta, the market capitalization of ITC, which is among the largest consumer goods companies in the country, saw an increase of Rs 2,564.49 crore. After which, the market capitalization of the company increased from Rs 6,11,098.47 crore to Rs 6,13,662.96 crore.
- On the occasion of one hour of Muhurta trading, the market capitalization of HUL, the country’s largest consumer goods company, saw an increase of Rs 2,549.31 crore. After which, the market capitalization of the company increased from Rs 5,93,859.19 crore to Rs 5,96,408.50 crore.
- During the one-hour Muhurta trading, the market capitalization of the country’s largest private lender HDFC Bank saw an increase of Rs 2,174.78 crore. After which, the market capitalization of the company increased from Rs 13,23,901.87 crore to Rs 13,26,076.65 crore.
- Within an hour of trading in Muhurat, the market capitalization of Infosys, which is among the largest IT companies in the country, saw an increase of Rs 1,847.71 crore. After which, the market capitalization of the company increased from Rs 7,29,594.47 crore to Rs 7,31,442.18 crore.
- During one hour of Muhurta trading, the market capitalization of the country’s largest government lender SBI saw an increase of Rs 490.86 crore. After which, the market capitalization of the company increased from Rs 7,32,265.07 crore to Rs 7,32,755.93 crore.
- During one hour of Muhurta trading, the market capitalization of the country’s second largest private lender ICICI Bank saw an increase of Rs 317.19 crore. After which, the market capitalization of the company increased from Rs 9,10,369.66 crore to Rs 9,10,686.85 crore.
- On the occasion of one hour of Muhurat trading, a total increase of Rs 31,557.93 crore was seen in the market capitalization of the country’s top 10 companies.