Sensex The market capitalization (m-Cap) of eight of India’s top 10 companies increased by a total of Rs 1,55,603.45 crore last week. HDFC Bank and Tata Consultancy Services (TCS) were the biggest gainers. Last week, the 30-share BSE Sensex gained 1,536.8 points or 1.98 per cent. At the same time, the Nifty on the National Stock Exchange rose 374.55 points or 1.59 per cent. On Friday, the Sensex closed at 79,117.11, up 1,961.32 points or 2.54 per cent. NSE Nifty also rose 557.35 points or 2.39 per cent to 23,907.25.
Reliance Industries suffered losses
In the list of top 10 companies, the market valuations of Reliance Industries and Life Insurance Corporation of India (LIC) declined. The market capitalization of other companies increased. HDFC Bank’s market valuation increased by Rs 40,392.91 crore to Rs 13,34,418.14 crore in the week under review. HDFC Bank benefited the most. TCS’s market capitalization increased by Rs 36,036.15 crore to Rs 15,36,149.51 crore. ICICI Bank’s valuation increased by Rs 16,266.54 crore to Rs 9,01,866.22 crore and that of Infosys increased by Rs 16,189.33 crore to Rs 7,90,151.83 crore. Hindustan Unilever’s market capitalization increased by Rs 13,239.95 crore and stood at Rs 5,74,569.05 crore.
ITC makes profit of Rs 11,508 crore
ITC’s market capitalization increased by Rs 11,508.91 crore to Rs 5,94,272.93 crore. Bharti Airtel’s valuation increased by Rs 11,260.11 crore to Rs 8,94,068.84 crore and State Bank of India (SBI) market capitalization increased by Rs 10,709.55 crore to Rs 7,28,293.62 crores.
LIC suffered a loss of Rs 11,954 crore
Contrary to this trend, the valuation of Life Insurance Corporation of India (LIC) decreased by Rs 11,954.24 crore to Rs 5,62,545.30 crore. Reliance Industries’ market capitalization decreased by Rs 2,368.16 crore to Rs 17,13,130.75 crore. Reliance Industries remained at the top position in the list of top 10 companies. It was followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, ITC, Hindustan Unilever and LIC, respectively.
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