Last week, four of the ten most valuable domestic companies increased their market capitalization by a whopping Rs 2,31,320.37 crore, with market heavyweight Reliance Industries contributing the most to the overall gains.
The Sensex gained 884.57 points, or 1.61 percent, last week
While TCS, Infosys, and ICICI Bank were among the top-10 gainers, HDFC Bank, HUL, LIC, SBI, HDFC, and Bharti Airtel saw their market valuations decline. Their total losses amounted to 68,140.72 crore.
Reliance Industries’ market capitalization increased by Rs. 1,38,222.46 crore to Rs. 18,80,350.47 crore.
Tata Consultancy Services (TCS) increased its market capitalization (m-cap) by 64,618.85 crore to $12,58,274.59 crore, while Infosys increased its m-cap by 25,728.52 crore to $6,40,373.02 crore.
ICICI Bank increased its value by Rs 2,750.54 crore, bringing it to Rs 5,17,049.46 crore.
Bharti Airtel’s m-cap, on the other hand, fell by 25,955.25 crore to 3,76,972.75 crore.
The Life Insurance Corporation (LIC) was valued at 5,06,157.94 crore, down from 13,472.25 crore.
HDFC’s stock price dropped by 9,355.02 crore to 4,13,299.36 crore, while Hindustan Unilever’s (HUL) stock price dropped by 8,963.69 crore to 5,38,561.56 crore.
HDFC Bank’s market value fell by 6,199.94 crore to 7,66,314.71 crore, while State Bank of India’s (SBI) value fell by 4,194.57 crore to 4,14,369.71 crore.
Reliance Industries remained the most valuable company in the top-10 list, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, LIC, SBI, HDFC, and Bharti Airtel.