Market cap of these 5 companies increased by Rs 72,285 crore
It is not always easy to understand the mood of the stock market. Many times the index appears calm, but there is a lot of commotion inside it. Last week the story of Indian stock market was also similar. There was a very slight rise in Sensex, looking at which it may seem that nothing special happened in the market. But the reality is that a tremendous tug of war was seen between the top 10 companies of BSE. Amidst this turmoil, 5 big companies of the country added Rs 72,285 crore to their valuation, while many other companies had to suffer losses.
Last week was entirely in the name of IT sector. TCS, the most trusted company of Tata Group, has defeated everyone in the race for profit. of the company Market The capitalization (Market Cap) increased the most by Rs 35,910 crore. This increase shows that investors' confidence is once again returning to the IT sector.
Not only TCS, but the other giant in the IT sector, Infosys also performed brilliantly. Infosys added Rs 23,405 crore to its market value. Apart from this, financial sector companies also showed strength. Bajaj Finance's value increased by Rs 6,720 crore, while ICICI Bank gained Rs 2,458 crore. Talking about telecom sector, Bharti Airtel also did not lag behind and recorded a profit of Rs 3,792 crore in its account.
While on one hand the IT companies were celebrating, on the other hand the biggest fish of the market i.e. Reliance Industries had to face losses. The biggest decline in the market value of Reliance Industries was recorded in the top 10 club. The market cap of this company of Mukesh Ambani decreased by Rs 35,117 crore.
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Reliance was not alone among those who suffered losses. The week was also heavy for the investors of LIC, the country's largest insurance company, as the value of the company reduced by Rs 15,559 crore. Apart from this, State Bank of India (SBI) suffered a loss of Rs 7,523 crore, HDFC Bank suffered a loss of Rs 5,724 crore and engineering giant L&T suffered a loss of Rs 4,196 crore. It is clear from these figures that last week there was some pressure in banking and infrastructure related stocks.
There are ups and downs in the market, but the biggest question is that after all the profits and losses, who is number one today? Despite the huge decline, the dominance of Reliance Industries still persists. Reliance remains the most valuable company in the country with a huge market cap of Rs 20,85,219 crore.
The second position is occupied by HDFC Bank, whose total market value is Rs 15,43,020 crore. At the same time, telecom sector giant Bharti Airtel is firmly at the third position with a valuation of Rs 12,01,833 crore.
