Finance
Last week, the combined market valuation of six of the top ten most valuable companies increased by Rs 1,56,247.35 crore, with Reliance Industries Ltd (RIL) emerging as the biggest gainer.
During the holiday-shortened week, RIL, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, HDFC, and Bajaj Finance saw increases in their market capitalisation (m-cap), while Infosys, HUL, and LIC saw losses.
Tuesday’s stock markets were closed due to Muharram.
The RIL’s value has increased from Rs 66,772.08 crore to Rs 17,81,028.47 crore. TCS’s market capitalization increased by Rs 12,642.03 crore to Rs 12,44,004.29 crore, while HDFC Bank’s increased by Rs 32,346.90 crore to Rs 8,25,207.35 crore.
ICICI Bank’s mcap increased by Rs 25,467.37 crore to Rs 6,08,729.12 crore, while HDFC’s increased by Rs 18,679.93 crore to Rs 4,45,759.90 crore.
Bajaj Finance’s market capitalization increased by Rs 339.04 crore to Rs 4,42,496.12 crore.
In contrast, Infosys’ mcap fell by Rs 9,262.29 crore to Rs 6,70,920.64 crore. HUL’s valuation fell by Rs 11,454.26 crore to Rs 6,09,765.92 crore, while LIC’s fell by Rs 3,289.00 crore to Rs 4,31,459.72 crore.
SBI’s market capitalization remained unchanged at Rs 4,73,584.52 crore.
Reliance Industries was named the most valuable domestic company in the top ten, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, SBI, HDFC, Bajaj Finance, and LIC.
The key benchmark indices gained for the fourth week in a row last week, with the Sensex up 1.074% or 1.83% and the Nifty up 300 points or 1.95% on a weekly basis.
Source:BS
