Rs 1 lakh crore in just 5 days, stock market sets new record, two shares make huge money, they are…
GH News September 22, 2024 11:07 PM
New Delhi: Last week proved to be a great week for the stock market as Sensex and Nifty created history by breaking a few records and due to this the shareholders who invested money in the listed companies in the market also got huge profits. There was a jump in the market capitalization of 6 out of the top-10 companies of Sensex and especially the banking stocks saw a stormy rise. This can be gauged from the fact that investors of only two banks earned more than Rs 1 lakh crore in just 5 days. Sensex creates history First of all let us talk about the rise in the stock market. Last week the 30-share Sensex of Bombay Stock Exchange (BSE) gained 1653.37 points or 1.99 percent. On the last trading day on Friday Sensex closed at the level of 84544.31 with a huge jump of 1359.51 points before which it had climbed 1509.66 points and touched its all-time high level of 84694.46. Meanwhile the market value of six top 10 Sensex companies jointly increased by Rs 197734.77 crore. Investors of these two banks earned lot Last week ICICI Bank and HDFC Bank remained on top in terms of providing maximum earnings to their investors. On one hand the market value (ICICI Bank MCap) of ICICI Bank increased to Rs 944226.88 crore and accordingly the wealth of investors increased by Rs 63359.79 crore in just five days whereas the market value of HDFC Bank (HDFC Bank Market Cap) increased by Rs 58569.52 crore to Rs 1328605.29 crore.
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