stock market last week Investors of HDFC Bank and LIC benefited the most from the rise in INR. Investors earned a bump due to the good rise in the shares of these two companies. Let us tell you that four of the top 10 valued companies of the country added Rs 1,71,309.28 crore to their market valuation last week. Among these, HDFC Bank and Life Insurance Corporation of India (LIC) benefited the most. Due to this their investors benefited.
Reliance Industries incurred loss
On the other hand, the market valuation of six companies in the group of top 10 companies declined by Rs 78,127.48 crore. Of these, Reliance Industries suffered the most loss. Last week, BSE Sensex rose 596.87 points or 0.81 per cent. The index had reached an all-time high of 74,501.73 on April 4. Among the top 10 companies, Tata Consultancy Services (TCS), HDFC Bank, State Bank of India and LIC were gainers. On the other hand, Reliance Industries, ICICI Bank, Bharti Airtel, Infosys, ITC and Hindustan Unilever suffered losses.
HDFC Bank’s market cap increased so much
The market valuation of HDFC Bank increased by Rs 76,880.74 crore to reach Rs 11,77,065.34 crore. LIC added Rs 49,208.48 crore, taking its valuation to Rs 6,27,692.77 crore. The market capitalization of TCS increased by Rs 34,733.64 crore to Rs 14,39,836.02 crore and that of State Bank of India increased by Rs 10,486.42 crore to Rs 6,82,152.71 crore. On the other hand, last week the valuation of Reliance Industries declined by Rs 38,462.95 crore to Rs 19,75,547.68 crore. Apart from this, Bharti Airtel, ICICI Bank, Infosys and ITC also faced decline in market valuation.
Reliance still on top
Reliance Industries was the most valuable domestic company in terms of market valuation. This was followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel and LIC.
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