Last week, there was a slight rise in the stock market, which benefited six of the top-10 most valuable companies of the country. The total market cap of these companies increased by about Rs 63,478 crore. During this period, BSE Sensex of 30 shares rose by 187.95 points or 0.22%.
Larsen & Toubro and State Bank of India (SBI) benefited the most. L&T’s market cap increased by Rs 28,523 crore to more than Rs 6.02 lakh crore. Whereas the value of SBI increased by Rs 16,015 crore to Rs 11.22 lakh crore.
HDFC Bank and LIC also increased
HDFC Bank’s market cap increased by Rs 9,617 crore to Rs 14.03 lakh crore. The value of Life Insurance Corporation of India (LIC) also increased by about Rs 5,977 crore.
Apart from this, the market cap of Bajaj Finance increased by Rs 3,142 crore and that of Reliance Industries increased by Rs 202 crore. Reliance Industries remains the company with the highest market value in the country.
These companies got a shock
However, the week was not good for all companies. Bharti Airtel’s market cap decreased by Rs 15,338 crore. The value of ICICI Bank declined by Rs 14,632 crore.
The market cap of IT sector giants Infosys and Tata Consultancy Services (TCS) also recorded a decline of Rs 6,791 crore and Rs 1,989 crore respectively. Overall, despite limited bullishness in the market, some big companies gave good returns to investors, while pressure was seen in the telecom and IT sectors.