Sensex
The sound of new year has started being heard. This year has been a mixed one for stock market investors. Many stocks have made good earnings for investors while many have also caused losses. At the end of the year, some stocks have given a New Year gift to the investors. They include names like HDFC Bank and Reliance. In fact, the market valuation (market cap) of six of the top 10 most valuable Sensex companies increased by Rs 86,847.88 crore last week. HDFC Bank and Reliance Industries made the most profits during this period. Due to this, investors investing in the stocks of these companies earned good profits.
Rise in market cap of 6 companies
In the week under review, the market valuations of Reliance Industries, HDFC Bank, ICICI Bank, Bharti Airtel, ITC and Hindustan Unilever increased. The market capitalization of HDFC Bank increased by Rs 20,235.95 crore during the week to reach Rs 13,74,945.30 crore. The valuation of Reliance Industries increased by Rs 20,230.9 crore and stood at Rs 16,52,235.07 crore. The valuation of ITC rose by Rs 17,933.49 crore to Rs 5,99,185.81 crore and that of ICICI Bank increased by Rs 15,254.01 crore to Rs 9,22,703.05 crore. Bharti Airtel’s market cap increased by Rs 11,948.24 crore to Rs 9,10,735.22 crore. Hindustan Unilever’s market capitalization rose by Rs 1,245.29 crore to Rs 5,49,863.10 crore.
These companies gave a shock
At the same time, the market position of Tata Consultancy Services (TCS), Infosys, State Bank of India (SBI) and Life Insurance Corporation of India (LIC) declined. SBI’s valuation declined by Rs 11,557.39 crore to Rs 7,13,567.99 crore. LIC’s market cap declined by Rs 8,412.24 crore to Rs 5,61,406.80 crore. Infosys’ valuation declined by Rs 2,283.75 crore to Rs 7,95,803.15 crore. TCS’s market cap declined by Rs 36.18 crore to Rs 15,08,000.79 crore.
Reliance remains on top
Reliance Industries remained at first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, ITC, LIC and Hindustan Unilever respectively. Last week, the 30-share BSE Sensex rose 657.48 points or 0.84 percent. At the same time, Nifty of National Stock Exchange had a gain of 225.9 points or 0.95 percent.
Latest Business News
