Mumbai, November 16 (IANS). Last week has been very good for Indian equity markets and due to strong performance, the market cap of eight of the top 10 companies of the market has increased by Rs 2,05,185.08 crore.
The reason for the rise in the Indian stock market was due to strong signals at the global and domestic level. This includes the end of the US shutdown and the decline of wholesale and domestic inflation in India.
During this period, Nifty increased by 1.64 percent or 417.75 points to close at 25,910.05 and Sensex increased by 1.62 percent or 1,346.50 points to close at 84,562.78.
The companies whose market cap has registered an increase include the names of institutions like Bharti Airtel, SBI, TCS, HUL and HDFC Bank. On the other hand, there has been a decline in the market cap of Bajaj Finance and LIC.
Bharti Airtel’s market cap has increased by Rs 55,652.54 crore to Rs 11,96,700.84 crore. The market cap of Reliance Industries has increased by Rs 54,941.84 crore to Rs 20,55,379.61 crore. Infosys’ market cap has increased by Rs 10,448.32 crore to Rs 6,24,198.80 crore, Tata Consultancy Services (TCS)’s market valuation has increased by Rs 40,757.75 crore to Rs 11,23,416.17 crore.
The market cap of State Bank of India (SBI) increased by Rs 10,522.9 crore to Rs 8,92,923.79 crore, the market cap of HDFC Bank increased by Rs 9,149.13 crore to Rs 15,20,524.34 crore and the market valuation of ICICI Bank increased by Rs 20,834.35 crore to Rs 9,80,374.43 crore. Is.
The market capitalization of Hindustan Unilever Limited (HUL) increased by Rs 2,878.25 crore to Rs 5,70,187.06 crore.
The market valuation of Bajaj Finance declined by Rs 30,147.94 crore to Rs 6,33,573.38 crore and the market capitalization of Life Insurance Corporation of India declined by Rs 9,266.12 crore to Rs 5,75,100.42 crore.
Next week is going to be very important for the Indian stock market. Q2 results, Services PMI, Infrastructure output data and NDA’s bumper victory in Bihar assembly elections will determine the market movement.
–IANS
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