Sensex The market capitalization (m-Cap) of five of the top-10 most valuable companies of India increased by Rs 1,99,111.06 crore last week. Reliance Industries was the biggest gainer. Last week, the 30-share BSE Sensex gained 542.3 points or 0.75 percent. Sensex and Nifty hit their new all-time highs with gains of over one per cent on Friday. Where the market valuations of Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Infosys and Bharti Airtel increased during the week. Whereas HDFC Bank, Hindustan Unilever, ITC, State Bank of India and Life Insurance Corporation of India (LIC) remained in loss. There has been an overall decline of Rs 76,098.67 crore in their market valuation.
Reliance profit of Rs 90,220 crore
Last week, the market capitalization of Reliance Industries increased by Rs 90,220.4 crore to reach Rs 18,53,865.17 crore. TCS’s valuation jumped by Rs 52,672.04 crore and stood at Rs 14,20,333.97 crore. Shares of Tata Consultancy Services rose almost four percent on Friday. The company’s net profit for the December quarter stood at Rs 11,735 crore, an increase of 8.2 percent. Infosys’ market cap increased by Rs 32,913.04 crore to Rs 6,69,135.15 crore during the week. The company’s December quarter results were in line with market expectations. Due to this, Infosys shares rose by eight percent on Friday. Bharti Airtel’s market valuation increased by Rs 16,452.93 crore to reach Rs 6,05,299.02 crore. The market capitalization of ICICI Bank increased by Rs 6,852.65 crore to Rs 7,04,210.07 crore.
HDFC Bank losses Rs 32,609 crore
Contrary to this trend, the market value of HDFC Bank declined by Rs 32,609.73 crore to Rs 12,44,825.83 crore. Hindustan Unilever’s valuation declined by Rs 17,633.68 crore to Rs 5,98,029.72 crore. LIC’s valuation declined by Rs 9,519.13 crore to Rs 5,24,563.68 crore and ITC’s valuation declined by Rs 9,107.19 crore to Rs 5,82,111.90 crore. The market value of State Bank of India (SBI) declined by Rs 7,228.94 crore to Rs 5,65,597.28 crore.
These companies remained in top-10
Reliance Industries remained at the first position in the list of top-10 companies. It was followed by TCS, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, Hindustan Unilever, ITC, SBI and LIC respectively.
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