Mumbai, June 29 (IANS) There has been a joint increase of Rs 2.34 lakh crore in market capitalization of nine out of the top 10 most valuable companies in India. The reason for this was a good performance of the stock market.
This week, the Nifty rose 525.40 points or 2.09 percent to 25,637.80 and the Sensex increased by 1,650.73 points or 2.00 percent to close at 84,058.90.
The reason for the increase in the stock market is believed to be ending the conflict between Iran-Israel and stability globally.
Bharti Airtel’s market cap has increased by Rs 51,860.65 crore to Rs 11.56 lakh crore in the trading session from 23 to 27 June.
HDFC Bank’s market capitalization has increased by Rs 37,342.73 crore to Rs 15.44 lakh crore. The market capitalization of Bajaj Finance increased by Rs 26,037.88 crore, causing its total marketcap to Rs 5.88 lakh crore.
The market price of ICICI Bank has increased by Rs 24,649.73 crore to Rs 10.43 lakh crore. LIC marketcap has also increased by Rs 13,250.87 crore to Rs 6.05 lakh crore.
State Bank of India (SBI) marketcap has increased by Rs 8,389.15 crore to Rs 7.18 lakh crore. There has been a slight increase of Rs 3,183.91 crore in TCS market capitalization, which made its market assessment to Rs 12.45 lakh crore.
The marketcap of Hindustan Unilever has increased by Rs 293.7 crore to 5.41 lakh crore rupees now.
Infosys was the only company in the top 10 with a decline in marketcap. Its market capitalization declined by Rs 5,494.8 crore to Rs 6.68 lakh crore.
The top companies are HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance and Hindustan Unilever in terms of ranking based on market capitalization.
The next week is going to be very important for the Indian stock market. Auto sales, PMI, FII data and global economic data will affect market moves.
-IANS
ABS/
