share market
There was movement in the stock market last week. There has been a decline in Sensex and Nifty. In the last 5 days, Sensex closed at 84,929.36 with a fall of 70.16 points. Meanwhile, last week the total market valuation of six of the top-10 most valuable firms increased by Rs 75,256.97 crore, with Tata Consultancy Services and Infosys emerging as the biggest winners. Last week, the BSE benchmark fell 338.3 points, or 0.39 percent.
While Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS), State Bank of India, Infosys and Larsen & Toubro gained. At the same time, the valuations of HDFC Bank, ICICI Bank, Bajaj Finance and Life Insurance Corporation of India (LIC) declined.
The market valuation of Tata Consultancy Services (TCS) increased by Rs 22,594.96 crore to Rs 11,87,673.41 crore. Infosys added Rs 16,971.64 crore, taking its valuation to Rs 6,81,192.22 crore. State Bank of India's valuation increased by Rs 15,922.81 crore to Rs 9,04,738.98 crore and Reliance Industries' valuation increased by Rs 12,314.55 crore to Rs 21,17,967.29 crore.
The market capitalization of Bharti Airtel increased by Rs 7,384.23 crore to Rs 11,95,332.34 crore and that of Larsen & Toubro increased by Rs 68.78 crore to Rs 5,60,439.16 crore. However, the market cap of HDFC Bank fell by Rs 21,920.08 crore to Rs 15,16,638.63 crore.
LIC's valuation dropped by Rs 9,614 crore to Rs 5,39,206.05 crore. The market cap of ICICI Bank declined by Rs 8,427.61 crore to Rs 9,68,240.54 crore and the market cap of Bajaj Finance declined by Rs 5,880.25 crore to Rs 6,27,226.44 crore. Reliance Industries remained the most valuable company, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro and LIC.
The selling by foreign investors in the Indian stock market is not showing any signs of stopping. Even in the month of December, foreign institutional investors i.e. FIIs were seen continuously selling shares. If we look at the figures so far, FIIs have sold shares worth about Rs 22,864 crore in December, due to which there is pressure on the market movement.
