country’s top 10 The combined market valuation of six of the most valued companies rose by Rs 1.30 lakh crore last week. During this period, State Bank of India (SBI) and ICICI Bank gained the most. State Bank of India’s valuation increased by Rs 45,158.54 crore to Rs 7,15,218.40 crore. The market valuation of ICICI Bank increased by Rs 28,726.33 crore to Rs 7,77,750.22 crore. Investors have made huge profits due to the rise in SBI shares. Let us tell you that the stock price of SBI has crossed Rs 800. Last week, the BSE Sensex rose 641.83 points or 0.87 per cent.
There was growth in these companies also
Bharti Airtel’s market capitalization increased by Rs 20,747.99 crore to Rs 7,51,406.35 crore. The market capitalization of ITC increased by Rs 18,914.35 crore to Rs 5,49,265.32 crore during the period under review. The market capitalization of Life Insurance Corporation of India (LIC) increased by Rs 9,487.5 crore to Rs 6,24,941.40 crore. Infosys’ market capitalization increased by Rs 7,699.86 crore to Rs 5,93,636.31 crore.
Reliance disappointed investors
On the other hand, the valuation of Reliance Industries declined by Rs 26,115.56 crore to Rs 19,64,079.96 crore. HDFC Bank’s valuation declined by Rs 16,371.34 crore to Rs 11,46,943.59 crore. Reliance Industries was the most valuable company among the top 10 companies.
Foreign investors withdrew money
Foreign investors pulled out Rs 6,300 crore from domestic equities in April due to changes in India’s tax treaty with Mauritius and a sustained rise in US bond yields. According to depository data, there was huge investment of Rs 35,098 crore in March and Rs 1,539 crore in February. Foreign portfolio investors (FPIs) have pulled out Rs 6,304 crore from Indian equities this month (till April 26), the data showed.
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