The market valuation (market cap) of four of the top 10 Sensex companies increased by a combined Rs 81,151.31 crore last week. ICICI Bank and HDFC Bank gained the most. The 30-share BSE Sensex fell 156.61 points or 0.19 percent last week. The market capitalization of HDFC Bank, Bharti Airtel, ICICI Bank, and State Bank of India (SBI) increased during the week under review. On the other hand, the market value of Reliance Industries, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever, ITC, and Life Insurance Corporation of India (LIC) collectively declined by Rs 76,622.05 crore.
Big jump in ICICI’s market cap
During the week, the market capitalization of ICICI Bank rose by Rs 28,495.14 crore to Rs 8,90,191.38 crore. HDFC Bank’s valuation rose by Rs 23,579.11 crore to Rs 12,82,848.30 crore. SBI’s market valuation rose by Rs 17,804.61 crore to Rs 7,31,773.56 crore and Bharti Airtel’s market cap jumped by Rs 11,272.45 crore to Rs 9,71,707.61 crore. In contrast, the market cap of Infosys declined by Rs 23,314.31 crore to Rs 7,80,126.10 crore.
LIC gave a shock again
Reliance Industries’ valuation dropped by Rs 16,645.39 crore to Rs 18,38,721.14 crore. Hindustan Unilever’s market capitalisation fell by Rs 15,248.85 crore to Rs 6,38,066.75 crore and TCS’s market cap fell by Rs 10,402.01 crore to Rs 14,91,321.40 crore. LIC’s valuation fell by Rs 8,760.12 crore to Rs 5,91,418.91 crore. ITC’s market cap fell by Rs 2,251.37 crore to Rs 6,08,682.29 crore.
Reliance Industries remains on top.
Reliance Industries remained at the top position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, Hindustan Unilever, ITC and LIC respectively.