Last week, the Indian stock market closed strongly. Investors were delighted with the good growth on Friday. Let us tell you that the market valuation of 5 out of the 10 most valuable companies of Sensex increased by Rs 1,13,117.17 crore last week. Bharti Airtel made the highest profit. During the week under review, while the market capitalization of Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank and Infosys increased, the valuation of Reliance Industries, State Bank of India (SBI), Life Insurance Corporation of India (LIC), ITC and Hindustan Unilever declined. Last week, the 30-share BSE Sensex rose 623.07 points or 0.76 percent. On the other hand, the National Stock Exchange’s Nifty was up 90.5 points or 0.36 percent.
Airtel’s market cap increased by Rs 47,836 crore
During the week under review, the market valuation of Bharti Airtel rose by Rs 47,836.6 crore to Rs 9,57,842.40 crore. The market cap of Infosys rose by Rs 31,826.97 crore to Rs 8,30,387.10 crore. The valuation of HDFC Bank rose by Rs 11,887.78 crore to Rs 14,31,158.06 crore and that of ICICI Bank rose by Rs 11,760.8 crore to Rs 9,49,306.37 crore. The market capitalisation of TCS rose by Rs 9,805.02 crore to Rs 16,18,587.63 crore. In contrast, the market capitalisation of Reliance Industries fell by Rs 52,031.98 crore to Rs 17,23,144.70 crore.
LIC’s market position decreased
The market cap of LIC fell by Rs 32,067.73 crore to Rs 5,89,869.29 crore. The valuation of Hindustan Unilever (HUL) fell by Rs 22,250.63 crore to Rs 5,61,423.08 crore. The market valuation of State Bank of India (SBI) fell by Rs 2,052.66 crore to Rs 7,69,034.51 crore. The market cap of ITC fell by Rs 1,376.19 crore to Rs 5,88,195.82 crore. In the list of top 10 companies, Reliance Industries remained at the first position, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, LIC, ITC and Hindustan Unilever.