Last week, the market cap of the top ten companies of the country has seen an increase of about four lakh crores. In this, Reliance Industries stood at number one.
The collective market capitalization (market cap) of the top ten Sensex companies increased by Rs 4,04,068.05 crore last week. Reliance Industries and HDFC Bank were the biggest beneficiaries. The BSE Sensex gained 3,568.67 points, or 12.93 percent, in the week of short trading sessions.
During the under review week, the market capitalization of Reliance Industries increased by Rs 89,383.67 crore to Rs 7,72,883.49 crore. HDFC Bank’s market valuation rose by Rs 60,754.82 crore to Rs 5,06,820.17 crore and Hindustan Unilever rose by Rs 47,485.86 crore to Rs 5,13,695.88 crore.
Tata Consultancy Services’ market cap rose by Rs 41,839.09 crore to Rs 6,62,633.62 crore and ICICI Bank’s market cap rose by Rs 36,352.48 crore to Rs 2,21,789.30 crore.
The market cap of Bharti Airtel increased by Rs 35,515.68 crore and reached Rs 2,66,804.03 crore. HDFC’s market valuation increased by Rs 35,082.62 crore to Rs 2,94,785.84 crore.
Kotak Mahindra Bank’s market cap rose by Rs 26,162.54 crore to Rs 2,44,183.72 crore and Infosys’ market cap rose by Rs 22,210.65 crore to Rs 2,71,553.37 crore. Similarly, ITC’s market cap rose by Rs 9,280.64 crore to Rs 2,27,836.51 crore.
Reliance Industries topped the list of top ten companies. It was followed by TCS, Hindustan Unilever, HDFC Bank, HDFC, Infosys, Bharti Airtel, Kotak Mahindra, ITC and ICICI Bank respectively.