market cap of reliance
A declining trend was seen in the stock market last week. Especially in the last two trading days of the month, the market’s main index Sensex closed with a dive of about 1000 points. The effect of the mild trend of the market was seen on the big and high valued companies of the market, out of which the value of 6 out of 10 Sensex companies decreased and the market cap of only 4 increased.
The market cap of four of the top 10 most valuable Sensex companies collectively increased by Rs 95,447.38 crore last week. Reliance Industries was the biggest gainer. Among the top 10 companies, the market cap of Reliance Industries, Bharti Airtel, State Bank of India (SBI) and Life Insurance Corporation of India (LIC) increased. At the same time, the valuation of HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, Bajaj Finance, Infosys and Hindustan Unilever collectively declined by Rs 91,685.94 crore.
their increased value
In the week under review, the market valuation of Reliance Industries increased by Rs 47,431.32 crore to Rs 20,11,602.06 crore. State Bank of India added Rs 30,091.82 crore during the week and its valuation reached Rs 8,64,908.87 crore. Bharti Airtel’s market cap increased by Rs 14,540.37 crore to Rs 11,71,554.56 crore and LIC’s valuation increased by Rs 3,383.87 crore to Rs 5,65,897.54 crore.
Decreased market cap of these companies
Contrary to this trend, the valuation of Bajaj Finance declined by Rs 29,090.12 crore to Rs 6,48,756.24 crore. The market cap of ICICI Bank declined by Rs 21,618.9 crore to Rs 9,61,127.86 crore. Infosys’ market cap declined by Rs 17,822.38 crore to Rs 6,15,890 crore and Hindustan Unilever’s valuation declined by Rs 11,924.17 crore to Rs 5,79,561.93 crore.
The market cap of HDFC Bank declined by Rs 9,547.96 crore to Rs 15,18,679.14 crore and the valuation of TCS declined by Rs 1,682.41 crore to Rs 11,06,338.80 crore. Reliance Industries remained at first position among the top 10 companies. After this respectively. HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever and LIC have been ranked.