Mumbai, April 20 (IANS). The past was a profitable profit for the Indian stock market. Due to this, the market valuation of the top 10 companies of the country has increased by Rs 3.84 lakh crore.
Even after two days of holiday, the stock market performed brilliantly last week. The Nifty rose by 1,023 points or 4.48 percent to 23,851 and the Sensex increased by 3,395 points or 4.52 percent to close at 78,553.
Banking stocks led the market boom. The Nifty Bank rose by 3,287 points or 6.45 percent to close at 54,290.
Out of the top 10 companies, HDFC Bank and Bharti Airtel’s market valuation have increased the most.
HDFC Bank’s market capitalization has increased by Rs 76,483.95 crore to Rs 14,58,934.32 crore.
Bharti Airtel’s market valuation has increased by Rs 75,210.77 crore, causing the company’s marketcap to Rs 10,77,241.74 crore.
The market cap of ICICI Bank has increased by Rs 67,597 crore to Rs 10,01,948.86 crore.
State Bank of India’s marketcap has increased by Rs 38,420.49 crore to Rs 7,11,381.46 crore.
The market capitalization of Tata Consultancy Services (TCS) has increased by Rs 24,114.55 crore to Rs 11,93,588.98 crore.
Bajaj Finance’s marketcap has increased by Rs 14,712.85 crore to Rs 5,68,061.13 crore.
ITC’s marketcap has increased by Rs 6,820.2 crore to Rs 5,34,665.77 crore. At the same time, the market capitalization of Infosys has increased by Rs 3,987.14 crore to Rs 5,89,846.48 crore.
The market capitalization of Hindustan Unilever has increased by Rs 1,891.42 crore to Rs 5,57,945.69 crore.
The reason for the market boom is believed to be global and domestic reasons. The market sentiments have improved due to the ban on reciperochl tariffs in the US, withdrawal of FIIs and reduction in repo rate from RBI.
Foreign institutional investors (FIIs) have invested more than one billion dollars in the last three trading sessions in the Indian stock market.
-IANS
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