The stock market witnessed a great boom last week. The Sensex jumped 1,906.33 points or 2.38 percent, while the NSE Nifty gained 546.7 points. TCS and HDFC Bank contributed significantly to this. HDFC Bank’s stock registered a gain of 4.44% last week. At the same time, TCS shares have jumped by 4.76%. The market cap of these companies increased tremendously due to the rise in shares. Let us tell you that among the companies included in the Sensex, Tata Consultancy Services and HDFC Bank were the biggest gainers. In the week under review, the market valuation of TCS increased by Rs 62,574.82 crore to Rs 16,08,782.61 crore. HDFC Bank added Rs 45,338.17 crore, which increased its market valuation to Rs 14,19,270.28 crore. Due to this, their investors earned a lot.
Market cap increased by 2 lakh crores.
The market Capitalisation of six of the top 10 most valued companies of the country rose by Rs 2,03,116.81 crore last week. During this period, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys and State Bank of India registered gains. On the other hand, Bharti Airtel, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever suffered a decline. Infosys’ valuation rose by Rs 26,885.8 crore to Rs 7,98,560.13 crore and Reliance Industries’ valuation rose by Rs 26,185.14 crore to Rs 17,75,176.68 crore. State Bank of India’s market Capitalisation rose by Rs 22,311.55 crore to Rs 7,71,087.17 crore and ICICI Bank’s market Capitalisation rose by Rs 19,821.33 crore to Rs 9,37,545.57 crore.
These two companies caused losses
During this period, however, the market capitalization of Bharti Airtel fell by Rs 16,720.1 crore to Rs 9,10,005.80 crore and that of ITC fell by Rs 7,256.27 crore to Rs 5,89,572.01 crore. Among the top 10 companies, Reliance Industries remained the most valuable company, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, LIC, ITC and Hindustan Unilever.