Reliance landed on the trust of investors, then told- why he said- why he is the unconscious king of the stock market?
Stock market I had a great boom last week. The 30 -share Sensex of BSE closed up 2,876.12 points or 3.61 percent. At the same time, the Nifty has also had a great rise of 4.2 percent. Reliance played an important role behind the tremendous bounce in the stock market. The market cap of Reliance Industries rose by Rs 1,06,703.54 crore to Rs 19,71,139.96 crore. Let us tell you that in the last one month, Reliance’s stock has jumped 12.30%. At the same time, Reliance Industries was the highest profit of the top 10 most valuable companies in Sensex last week. This led to a tremendous profit to investors investing in Reliance shares.
3.35 lakh crores increased
The market capitalization (market cap) of 9 out of the top 10 most valuable companies in the Sensex increased by Rs 3.35 lakh crore last week. Last week, the market assessment of Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India (SBI), Infosys, Bajaj Finance, Hindustan Unilever and ITC increased. At the same time, the evaluation of Bharti Airtel declined. Reliance Industries stood first in the list of top 10 companies. This was followed by HDFC Bank, TCS, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and ITC respectively.
ICICI Bank boom
ICICI Bank’s market status increased by Rs 46,306.99 crore to Rs 10,36,322.32 crore. TCS added Rs 43,688.4 crore during the week and its market evaluation reached Rs 12,89,106.49 crore. The market capitalization of Infosys increased by Rs 34,281.79 crore to Rs 6,60,365.49 crore and HDFC Bank’s 34,029.11 crore increased to Rs 14,80,323.54 crore. Bajaj Finance’s market status increased by Rs 32,730.72 crore to Rs 5,69,658.67 crore.
Airtel caused losses
ITC evaluation increased by Rs 15,142.09 crore to Rs 5,45,115.06 crore. SBI’s market capitalization increased by Rs 11,11.15 crore to Rs 7,06,696.04 crore. The evaluation of Hindustan Unilever increased by Rs 11,054.83 crore to Rs 5,59,437.68 crore. Unlike this stance, Bharti Airtel’s market status declined by Rs 19,330.14 crore to Rs 10,34,561.48 crore.
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