Narendra Modi This evening, he is going to take oath as the Prime Minister for the third consecutive time in the Rashtrapati Bhavan. With this, Modi 3.0 will begin. After the NDA got a majority once again in the Lok Sabha elections, the stock market has seen a tremendous boom. The top three companies in the Sensex have benefited from this. The three companies that have benefited the most are Tata Consultancy Services, Hindustan Unilever and Reliance Industries. Due to the tremendous boom in the stocks of these companies, their investors have earned Rs 1,93,110 crore. Let us tell you that there was a big fall in the market on the day of the election results. However, after that, the boom has continued since the path was cleared for Narendra Modi to become the Prime Minister once again.
Market cap of top 8 companies increased
Eight of the 10 most valuable domestic companies added a combined Rs 3.28 lakh crore to their market valuation last week. Tata Consultancy Services, Hindustan Unilever and Reliance Industries were the biggest gainers during this period. In a volatile week, the BSE Sensex jumped 2,732.05 points or 3.69 per cent. Among the top 10 companies, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, Hindustan Unilever (HUL) and ITC gained. These companies added a total of Rs 3,28,116.58 crore to their market valuation.
LIC and SBI investors got a shock
Among the top 10 companies, State Bank of India and Life Insurance Corporation of India (LIC) declined in their market valuation. The market valuation of TCS rose by Rs 80,828.08 crore to Rs 14,08,485.29 crore during the week under review. Hindustan Unilever added Rs 58,258.11 crore, taking its market valuation to Rs 6,05,407.43 crore. The valuation of Reliance Industries rose by Rs 54,024.35 crore to Rs 19,88,741.47 crore and that of Infosys rose by Rs 52,770.59 crore to Rs 6,36,630.87 crore.
Reliance Industries most valuable company
HDFC Bank’s valuation rose by Rs 32,241.67 crore to Rs 11,96,325.52 crore and Bharti Airtel’s valuation rose by Rs 32,080.61 crore to Rs 8,10,416.01 crore. On the other hand, LIC’s valuation fell by Rs 12,080.75 crore to Rs 6,28,451.77 crore and State Bank of India’s market valuation fell by Rs 178.5 crore to Rs 7,40,653.54 crore. Reliance Industries remained the most valuable company, followed by TCS, HDFC Bank and Bharti Airtel.
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