
When the stock market opened two days after the exit polls, it was on cloud nine. Both Sensex and Nifty saw a gain of more than 3.50 percent. The effect of which is also being seen in the valuation of the country's top companies. Talking about the figures, the market cap of the country's top 10 valued companies saw a decline of more than Rs 2 lakh crore last week, the market cap of the same companies saw an increase of Rs 3.73 lakh crore in just a few minutes.
Reliance Industries, SBI, HDFC Bank, Bharti Airtel, TCS and many other companies witnessed an increase in their market cap. Reliance Industries, SBI and HDFC Bank witnessed an increase of more than Rs 50,000 crore in their market cap. Let us see how much increase is seen in the market cap of the top 10 companies of the country today?
Tremendous increase in the market cap of the top 10 companies of the country
- The country's top 10 companies have earned Rs 3,73,623.32 crore during the trading session in the stock market. Whereas last week, the market cap of 8 of these top 10 companies saw a decline of more than Rs 2 lakh crore. Out of which only Reliance Industries and TCS suffered a loss of more than Rs 1.33 lakh crore.
- The country's largest company Reliance Industries' market cap saw the highest increase of Rs 86,446.14 crore on Monday. Due to which the total market cap of the company has become Rs 20,21,163.26 crore. If we talk about the company's shares, then during the trading session it reached the day's high of Rs 2984.50. Currently, at 12:30 pm, the company's share is trading at Rs 2972 with a rise of about 4 percent.
- After Reliance Industries, SBI has gained the most. During the trading session, the company's market cap saw an increase of Rs 62,785.13 crore. After which the total market cap of the company reached Rs 8,03,617.17 crore. If we talk about the stock of the country's largest government lender, it reached a 52-week high of Rs 908.95 during the trading session. Currently, the company's stock has reached Rs 906.80.
- The country's largest private lender HDFC Bank has also gained more than Rs 50 thousand crores. HDFC Bank's market cap has gained Rs 50,690.5 crore during the trading session. After which the market cap of the bank came down to Rs 12,14,774.35 crore. If we talk about the bank's stock, it reached a high of Rs 1597 during the trading session. Currently, it is trading at Rs 1561.20 with a gain of 2 percent.
- The country's largest IT company Tata Consultancy's market cap has also seen a rise of Rs 38,134.64 crore. After which the company's market cap has come down to Rs 13,65,791.85 crore during the trading session. Currently, the company's stock reached a high of Rs 3774.90. Currently, it is trading at Rs 3710.10 with a rise of more than one percent.
- If we talk about ICICI Bank, its market cap has increased by more than Rs 35 thousand crore. The country's second largest private lender's market has seen an increase of Rs 36,491.06 crore and the total market cap came to Rs 8,23,720.77 crore during the trading session. The bank's stock reached a record high of Rs 1171.55 during the trading session. Currently, the bank's stock is seeing a rise of about 3 percent and the stock is trading at Rs 1151.90.
- The country's largest insurance company LIC has seen a good increase in its market cap. During the trading session, the company's market cap has seen an increase of Rs 29,917.23 crore and the total market cap has reached Rs 6,70,449.75 crore. If we talk about the stock, it reached a high of Rs 1060 during the day. Currently, the company's stock is trading at Rs 1044.25 with a gain of more than 3 percent.
- The market cap of Bharti Airtel, one of the largest telecom companies in the country, has also seen an increase of Rs 27,087.44 crore. After which the total market cap of the company became Rs 8,05,422.84 crore. If we talk about the stock, it reached a record high of Rs 1420. Currently, the company's stock is trading at Rs 1394.10 with a gain of 1.62 percent.
- Hindustan Unilever is the country's largest FMCG company. After which the market cap has seen an increase of Rs 16,717.34 crore during the trading session. After which the company's market cap has reached Rs 5,63,866.66 crore. Talking about the stock, it reached the day's high of Rs 2399.85. At present, it has reached Rs 2346.85 with a rise of 0.78 percent.
- There has been an increase in the market cap of Infosys, one of the country's largest IT companies. During the trading session, the company's market saw an increase of Rs 13,618.21 crore and the market cap reached Rs 5,97,478.49 crore. Talking about the company's shares, it reached a high of Rs 1439.05 during the trading session. Currently, it is trading at Rs 1409.10 with a rise of 0.20 percent.
- ITC, one of the top 10 companies in the country, has seen an increase of Rs 11,735.63 crore in its market and the total market cap of the company has reached Rs 5,43,772.04 crore. If we talk about the company's shares, it reached a high of Rs 435.55 during the day. Currently, the company's shares are trading at Rs 429.70 with a gain of 0.83 percent.
Stock market at record level
On Monday, the shares Sensex and Nifty reached record levels. According to the data, the Bombay Stock Exchange's major index Sensex saw a rise of 2,777.58 points or 3.75 percent in the opening session. After which the Sensex reached a record 76,738.89 points. Whereas on last Friday the Sensex closed at 73,961.31 points. Currently, the Sensex is trading at 76,253.79 points with a rise of 2301 points.
If we talk about the National Stock Exchange's major index Nifty, it also witnessed a gain of more than 3.50 percent during the trading session. During the trading session, Nifty witnessed a gain of 808 points and reached a lifetime high of 23,338.70 points. Whereas on Friday, Nifty closed at 22,530.70 points. Currently, Nifty is trading at 23,223.75 points with a gain of more than 3 percent i.e. 693 points.
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