share market news
The market capitalization (m-Cap) of eight of the top-10 most valuable Sensex companies collectively jumped by Rs 1,21,270.83 crore last week. Reliance Industries was the biggest gainer. Last week, the 30-share BSE Sensex had gained 1,027.54 points or 1.21 percent. On Friday, the Sensex had touched its all-time high of 85,978.25 points. The market valuation of Reliance Industries increased by Rs 53,652.92 crore to Rs 20,65,197.60 crore in the week under review. The market cap of State Bank of India (SBI) increased by Rs 18,518.57 crore to Rs 7,16,333.98 crore.
Airtel profit of Rs 13,094 crore
Bharti Airtel’s market valuation increased by Rs 13,094.52 crore to Rs 9,87,904.63 crore. ITC’s valuation increased by Rs 9,927.3 crore to Rs 6,53,834.72 crore. The market capitalization of Tata Consultancy Services (TCS) increased by Rs 8,592.96 crore to Rs 15,59,052 crore. The valuation of HDFC Bank rose by Rs 8,581.64 crore to Rs 13,37,186.93 crore and that of Life Insurance Corporation (LIC) rose by Rs 8,443.87 crore to Rs 6,47,616.51 crore. Infosys’ market cap increased by Rs 459.05 crore to Rs 7,91,897.44 crore.
These companies suffered losses
Contrary to this trend, the market valuation of ICICI Bank declined by Rs 23,706.16 crore to Rs 9,20,520.72 crore. The market capitalization of Hindustan Unilever declined by Rs 3,195.44 crore to Rs 6,96,888.77 crore. Reliance Industries remained at first position in the list of top-10 companies. It was followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC and LIC respectively.
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