Nine out of top 10 companies of Sensex increase in market capitalization, RIL losses in first place: M-Cap.
The market cap of nine of the top 10 companies increased by Rs 2,30,219.82 crore in terms of market capitalization on BSE Sensex. HDFC Bank was the biggest gainer in market cap last week.
In the trading week ended on Friday, the BSE closed at 2,278.99 points, or 5.75 per cent, based on 30 shares of Sensex. However, last week, Reliance Industries suffered a major setback in terms of market capitalization.
In the week under review, HDFC Bank’s market capitalization i.e. market cap increased by Rs 68,430.18 crore to Rs 7,19,948.29. In this case HDFC Bank was the most profitable.
HDFC’s market capitalization increased by Rs 38,484.05 crore to Rs 3,83,771.94 crore for the week ended Friday. At the same time, ICICI Bank’s market position increased by Rs 34,892.98 crore to Rs 3,05,629.04 crore.
Kotak Mahindra Bank saw an increase of Rs 33,649.7 crore in market valuation and reached Rs 3,39,980.79 crore.
At the same time, Infosys market valuation increased by Rs 22,489.7 crore to Rs 4,74,242.93 crore during this period. The market valuation of Tata Consultancy Services (TCS) increased by Rs 16,285.35 crore to Rs 10,16,239.59 crore.
The market valuation of Bharti Airtel increased by Rs 8,810.72 crore to Rs 2,45,363.69 crore and Hindustan Unilever’s market capitalization increased by Rs 5,169.03 crore to Rs 4,92,067.57 crore in the week under review.
The market registration of HCL Technologies increased by Rs 2,008.11 crore and stood at Rs 2,30,824.35 crore.
However, in contrast to this trend, the market capitalization of Reliance Industries declined by Rs 17,141.77 crore to Rs 13,72,017.43 crore. Despite this, Reliance Industries retained the first position in the list of top 10 companies.
Reliance was followed by TCS, HDFC Bank, Hindustan Unilever, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank, Bharti Airtel and HCL Technologies in this list respectively.