Mumbai, February 22 (). The combined market capitalization (market cap) of 6 of India’s top-10 most valuable companies increased by Rs 63,478.46 crore last week. During this period, Larsen & Toubro (L&T) and State Bank of India (SBI) were the biggest gainers.
The broader market also closed on a positive note. The 30-share BSE Sensex rose 187.95 points or 0.22 percent.
Among the top profit making companies, Larsen & Toubro’s market cap increased by Rs 28,523.31 crore to Rs 6,02,552.24 crore.
At the same time, the valuation of State Bank of India increased by Rs 16,015.12 crore to Rs 11,22,581.56 crore.
The market cap of HDFC Bank increased by Rs 9,617.56 crore to Rs 14,03,239.48 crore. Similarly, the valuation of Life Insurance Corporation of India (LIC) increased by Rs 5,977.12 crore to Rs 5,52,203.92 crore.
The market capitalization of Bajaj Finance also increased by Rs 3,142.36 crore to Rs 6,40,387 crore.
However, this week was not positive for all companies. Bharti Airtel’s market cap declined by Rs 15,338.66 crore to Rs 11,27,705.37 crore.
At the same time, the valuation of ICICI Bank decreased by Rs 14,632.10 crore to Rs 9,97,346.67 crore.
Infosys’ market cap declined by Rs 6,791.58 crore to Rs 5,48,496.14 crore, while Tata Consultancy Services (TCS)’s market cap declined by Rs 1,989.95 crore to Rs 9,72,053.48 crore.
The list of the country’s most valuable companies includes HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India and Infosys.
Meanwhile, on the technical levels of Nifty, experts said that the level of 25,800 is immediate resistance; After this, levels of 26,000 and 26,200 will be important.
At the same time, on the downside, 25,300 and 25,100 are the major support levels. If Nifty breaks strongly below 25,000, the downside pressure may increase and the corrective weakness in the market may intensify.
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