Market Cap Of Eight Of The Top-10 Sensex Companies Increased
Market cap of eight of the top-10 Sensex companies increased by Rs 1.81 lakh crore, how will the market move ahead?
The market cap of eight of the top 10 Sensex companies increased by Rs 1,81,209.89 crore last week. Hindustan Unilever was the biggest gainer.
Last week, the 30-share BSE Sensex rose 1,573.91 points or 2.97 percent. Among the top 10 companies, only Reliance Industries and Tata Consultancy Services (TCS) lost market valuations.
The market capitalization of Hindustan Unilever (HUL) rose by Rs 50,058.05 crore to Rs 5,86,422.74 crore in the reporting week.
The market valuation of ICICI Bank rose by Rs 35,956.8 crore to Rs 5,25,656.96 crore.
HDFC Bank’s market position increased by Rs 23,940.12 crore to Rs 7,75,832.15 crore and that of Life Insurance Corporation (LIC) by Rs 19,797.24 crore to Rs 4,47,841.46 crore.
The banking sector strengthens.
State Bank of India’s (SBI) market cap rose by Rs 19,232.55 crore to Rs 4,35,922.66 crore and Infosys rose by Rs 15,126.4 crore to Rs 6,37,033.78 crore.
The market valuation of Bharti Airtel rose by Rs 12,000.08 crore to Rs 3,81,833.20 crore and that of HDFC rose by Rs 5,098.65 crore to Rs 4,06,213.61 crore.
TCS results out.
Contrary to this trend, the market capitalization of TCS declined by Rs 18,770.93 crore to Rs 11,94,625.39 crore.
The country’s largest software exporter TCS reported a profit of 5.2 percent in the June quarter at Rs 9,478 crore. The company’s results were announced on Friday after the market closed.
The market position of Reliance Industries also declined by Rs 11,805.14 crore to Rs 16,17,879.36 crore. In the list of top 10 companies, Reliance Industries remained at the first position.
It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, LIC, SBI, HDFC, and Bharti Airtel respectively.
On Friday, the Sensex was up 303.38 points or 0.56% at 54,481.84 and the Nifty 50 was up 87.70 points or 0.54% at 16,220.60.
Both Sensex and Nifty 50 have gained more than 3% this week. This week, the wealth of investors increased by more than Rs 7.72 lakh crore.
