Infosys drowned even in the stormy boom of the stock market, these 9 companies including Reliance earned tremendous
Stock market last week I was in a stormy fast. The 30 -share Sensex of BSE rose 2354 points. At the same time, the Nifty 50 gained 665 points last week.
The market capitalization (market cap) of nine out of the top 10 most valuable companies of Sensex increased by Rs 2,34,565.53 crore in total last week. However, despite this great boom, a company shocked its investors. The name of that company is Infosys. The market cap of Infosys declined only in the top 10 companies. The market capitalization of Infosys declined by Rs 5,494.8 crore to Rs 6,68,256.29 crore. At the same time, Reliance Industries was the most profitable. Reliance Industries’ market cap rose by Rs 69,556.91 crore to Rs 20,51,590.51 crore in the week under review.
Market cap of these companies also jumped
Bharti Airtel’s market status increased by Rs 51,860.65 crore to Rs 11,56,329.94 crore and HDFC Bank’s evaluation increased by Rs 37,342.73 crore to Rs 15,44,624.52 crore. Bajaj Finance’s market cap increased by Rs 26,037.88 crore to Rs 5,88,213.55 crore. ICICI Bank’s market status increased by Rs 24,649.73 crore to Rs 10,43,037.49 crore. Evaluation of Life Insurance Corporation of India (LIC) increased by Rs 13,250.87 crore to Rs 6,05,523.65 crore and the State Bank of India (SBI) increased by Rs 8,389.15 crore to Rs 7,18,788.90 crore. The Tata Consultancy Services (TCS) added Rs 3,183.91 crore during the week and its market capitalization increased to Rs 12,45,761.80 crore. The evaluation of Hindustan Unilever increased by Rs 293.7 crore to Rs 5,41,850.99 crore.
Market hopes to continue boom
Siddharth Khemka, Head of Research (Estate Management) of Motilal Oswal Financial Services Limited, said that we hope that the market will see a steady boom. It will be supported by the possibilities of the US-India trade agreement improvement, improvement in institutional flows. Ajit Mishra, Senior Vice President (Research), Railways Broking Limited, said that at the domestic level, the IIP and PMI data will be focused. Also, the progress of monsoon and activities of FII will also play an important role in giving direction to the market.
Reliance stood at the top
Reliance Industries stood first in the list of top 10 companies. After that HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance and Hindustan Unilever Limited were ranked.
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