Bombay Stock Exchange
In the last month and a half there have been many ups and downs in the national stock market, where the market has fallen 10 percent since September 27. At the same time, on the last day of the last trading week, a dramatic rise was seen in both Sensex and Nifty. The rally in Sensex on the last day of the week gave it a jump of about 2,000 points. Sensex closed at 1,961 points. At the same time, Nifty also recorded a rise of 557 points in a day, in which investors earned Rs 7 lakh crore in a day.
Due to the market rally on Friday, there was a jump in the market capitalization of the top 10 companies, including the banking sector. Overall, last week, the market capitalization of 8 large companies in the country, including HDFC Bank and Tata Consultancy, recorded an increase of Rs 1,55,603.45 crore.
TCS market surged with HDFC Bank
Due to the rise in the market on Friday, HDFC Bank’s market capitalization increased by Rs 40,392.91 crore to Rs 13,34,418.14 crore. HDFC Bank benefited the most. At the same time, TCS’s market capitalization increased by Rs 36,036.15 crore to Rs 15,36,149.51 crore.
Value of ICICI Bank and Hindustan Unilever also increased
ICICI Bank also benefited from the market boom. The bank’s market capitalization increased by Rs 16,266.54 crore to reach Rs 9,01,866.22 crore and that of Infosys increased by Rs 16,189.33 crore to reach Rs 7,90,151.83 crore. Apart from this, the value of Hindustan Unilever also increased, the market capitalization of Hindustan Unilever increased by Rs 13,239.95 crore and after which the market capitalization became Rs 5,74,569.05 crore.
ITC’s valuation increased by Rs 11,508.91 crore to Rs 5,94,272.93 crore. Bharti Airtel’s market capitalization 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 7,28,293, 62 crores.
Decrease in the market capitalization of these companies.
Where the market capitalization of a company increased. On the other hand, on the contrary, the market capitalization of Life Insurance Corporation of India (LIC) decreased by Rs 11,954.24 crore to Rs 5,62,545.30 crore and the market capitalization of Reliance Industries also decreased by 2,368 .16 crores.
