The market capitalization (market cap) of eight of the top 10 Sensex companies have collectively increased by Rs 1,91,622.95 crore last week. Bajaj Finance and Tata Consultancy Services (TCS) have been the biggest gainers.
The market capitalization (market cap) of eight of the top 10 Sensex companies have collectively increased by Rs 1,91,622.95 crore last week.
The market capitalization (market cap) of eight of the top 10 Sensex companies have collectively increased by Rs 1,91,622.95 crore last week. Among the biggest gainers, Bajaj Finance and Tata Consultancy Services (TCS) has been. Last week, the 30-share BSE Sensex has gained 1,498.02 points or 2.67 per cent. Among the Sensex companies, the market capitalization of Bajaj Finance has increased by Rs 57,673.19 crore to Rs 4,36,447.88 crore.
These companies benefit
The market valuation of TCS has increased by Rs 47,494.49 crore and has reached Rs 12,07,779.68 crore. HDFC Bank’s market position rose by Rs 23,481.09 crore to Rs 7,97,251.18 crore and Infosys rose by Rs 18,219 crore to Rs 6,52,012.91 crore.
HDFC’s valuation increased by Rs 14,978.42 crore to Rs 4,31,679.65 crore and that of State Bank of India (SBI) rose by Rs 12,940.69 crore to Rs 4,71,397.99 crore.
The market capitalization of ICICI Bank rose by Rs 12,873.62 crore to Rs 5,69,400.43 crore and the valuation of Reliance Industries Ltd rose by Rs 3,962.45 crore to Rs 16,97,208.18 crore.
The market cap of these companies decreased
However, the market capitalization of Life Insurance Corporation (LIC) has fallen by Rs 7,020.75 crore to Rs 4,28,739.97 crore. There was a loss of Rs 810.61 crore in the market valuation of Hindustan Unilever and it has come down to Rs 6,19,551.97 crore.
Reliance Industries has remained at the first position in the list of top 10 companies. It is followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, SBI, Bajaj Finance, HDFC and LIC respectively.
Let us tell you that analysts believe that the trend of the stock market this week will be decided by the quarterly results of the companies and global cues. It is worth noting that the coming week will be short in terms of business days due to holidays. The stock markets will remain closed on Tuesday on the occasion of Muharram. Analysts said the stance of foreign investors will also play an important role in deciding the direction of the market. Santosh Meena, Head of Research, Swastika Investmart Limited said that this week the market will face the last leg of quarterly earnings. The market has to react to the results of SBI, HPCL and BPCL.
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