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The stock market had seen a rise of more than 1 percent in four trading days last week. Due to which the market of 8 out of the top 10 companies of the stock market witnessed an increase of more than Rs 1.87 lakh crore. The country's leading telecom company Airtel benefited the most. The market cap of the company gained about Rs 58 thousand crores. At the same time, the market cap of companies like LIC, TCS, Reliance has also benefited a lot.
On the other hand, the country's largest private lender HDFC Bank suffered the biggest loss and more than Rs 16,000 crore was wiped off its market cap. Whereas the market cap of Bajaj Finance suffered a loss of more than Rs 9700 crore. Let us also tell you how much profit and loss the top 10 companies of the country have incurred.
Which company benefited how much?
- Last week, which was shortened due to holidays, the total market value of eight of the top-10 most valued companies increased by ₹1,87,497.45 crore.
- Bharti Airtel's market value increased by Rs 58,831.52 crore to Rs 11,25,125.21 crore, which was the highest increase among the top-10 companies.
- The value of Life Insurance Corporation of India (LIC), the country's largest insurance company, increased by Rs 27,608.62 crore to Rs 5,32,691.31 crore.
- The value of Tata Consultancy Services, the country's largest IT company, increased by Rs 20,731.64 crore, taking its market value to Rs 9,34,063.56 crore.
- The market capitalization of the country's largest company Reliance Industries increased by Rs 20,231.05 crore to Rs 18,47,317.84 crore.
- The market cap of Larsen & Toubro, one of the country's largest infra companies, increased by Rs 18,577.91 crore to Rs 5,63,314.50 crore.
- The valuation of the country's second largest private lender ICICI Bank increased by Rs 18,266.82 crore to Rs 9,65,008.67 crore.
- The valuation of the country's largest government lender State Bank of India increased by Rs 12,599.79 crore to Rs 9,97,229.77 crore.
- On the other hand, the valuation of Infosys, one of the country's largest IT companies, increased by Rs 10,650.1 crore to Rs 5,34,774.50 crore.
- However, the market cap of the country's largest private lender HDFC Bank declined by Rs 16,163.04 crore to Rs 12,31,315.53 crore.
- The market valuation of the country's largest NBFC company Bajaj Finance declined by Rs 9,769.3 crore to Rs 5,65,437.17 crore.
There was a rise in the stock market
Last week, the BSE benchmark Sensex rose 943.29 points or 1.21 per cent, and the NSE Nifty rose 302.95 points or 1.25 per cent. Ajit Mishra, SVP, Research, Religare Broking Limited, said that the market ended this short week with good gains, and continued its rise for the second consecutive week. This was supported by the reduction in geo-political tension and the improving environment regarding risk. Expectations regarding a possible peace deal between the US and Iran boosted market confidence, while strong fundamentals within the country also helped the rally. Reliance Industries remained the most valued company, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Infosys and LIC.
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