stock market
Even though there was not much growth in the stock market last week, the four giants of the country made their strength fully felt. These four together earned Rs 2.20 lakh crore in the stock market. The special thing is that the country’s largest company Reliance Industries benefited the most and added about Rs 1.40 lakh crore to its valuation. Which is more than 50 percent of the total earnings of all four companies.
Apart from Reliance Industries, there was an increase in the market cap of Bharti Airtel, TCS and the country’s largest NBFC Bajaj Finance. On the contrary, there has been a big decline in the market cap of 6 companies. At the same time, a total of Rs 1.24 lakh crore was wiped out from the market cap of the country’s largest private lenders HDFC Bank, SBI, L&T, Hindustan Unilever, LIC and ICICI Bank. Let us also tell you how much growth has been seen in the market of which company of the country.
How much did the market cap of which company increase?
- The value of the country’s largest company Reliance Industries increased by Rs 1,39,655.8 crore, due to which its market value increased to Rs 19,36,303.30 crore.
- The value of Bharti Airtel, one of the country’s largest telecom companies, increased by Rs 43,503.51 crore to Rs 11,49,222.13 crore.
- The market value of TCS, the country’s largest IT company, increased by Rs 27,569.83 crore to Rs 8,94,933.95 crore and
- The value of the country’s largest NBFC Bajaj Finance increased by Rs 9,432.32 crore to Rs 5,83,123.13 crore.
- The market capitalization of the country’s second largest private lender ICICI Bank declined by Rs 45,364.62 crore to Rs 9,04,980.78 crore.
- The valuation of the country’s largest government lender State Bank of India declined by Rs 30,922.57 crore to Rs 9,85,829.96 crore.
- The market cap of HDFC Bank, the country’s largest private lender, declined by Rs 20,951.31 crore to Rs 11,87,274.17 crore.
- The market cap of the country’s largest FMCG company Hindustan Unilever declined by Rs 18,420.79 crore to Rs 5,28,799.01 crore.
- The valuation of the country’s largest insurance company Life Insurance Corporation of India declined by Rs 8,222.49 crore to Rs 5,04,798.07 crore.
- The valuation of the country’s largest infra company Larsen & Toubro declined by Rs 178.83 crore to Rs 5,51,993.05 crore.
What do experts say?
Last week, BSE benchmark Sensex rose 249.29 points or 0.32 per cent. Ajit Mishra, SVP, Research, Religare Broking Ltd, said the market ended the week with modest gains, reflecting a volatile and range-bound trading environment amid mixed global and domestic cues. He said the week started on a positive note, supported by a reduction in geopolitical tensions and continued progress in fourth quarter earnings, which boosted initial sentiment.
However, Mishra further said that the gains were gradually limited due to rising crude oil prices, weak cues from Asian markets and continuous exit of foreign institutional investors. Reliance Industries remained the most valued domestic company, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.
