HDFC Bank and SBI Dhoom in the market, glowing of giant companies faded

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Last week, the stock market saw a boom of two biggest banks in the country. In front of these two, the brightness of the legendary companies of the country faded. These two banks are none other than HDFC Bank and SBI. Whose market cap was seen to have the most increase. Out of the top companies in the country, the market cap of 5 companies saw an increase of Rs 60,675.94 crore. Out of which more than 50 percent i.e. about 35 thousand crore rupees have been contributed to both these banks. By the way, the market cap of Reliance Industries, the country’s largest company, has also seen an increase.

On the other hand, there were 5 companies whose market cap saw a decline of Rs 39,609.83 crore. In which the names of LIC, Bajaj Finance and TCS can be taken from the head. The special thing is that last week only 4 days the stock market opened. Where the Sensex gained 739.87 points or 0.92 percent, and the Nifty increased by 268 points or 1.10 percent. Let us also tell you what kind of figures have been seen in the market cap of the top 10 companies of the country.

Market cap of these companies increased

  1. The valuation of the country’s largest government bank State Bank of India increased by Rs 20,445.82 crore to Rs 7,63,095.16 crore, which is the highest among the top 10 companies.
  2. The country’s largest private lender HDFC Bank’s market cap increased by Rs 14,083.51 crore to Rs 15,28,387.09 crore.
  3. The market cap of the country’s famous IT company Infosys increased by Rs 9,887.17 crore to Rs 6,01,310.19 crore.
  4. Bharti Airtel’s market cap increased by Rs 8,410.6 crore to Rs 10,68,260.92 crore among the country’s big telecom companies.
  5. The valuation of the country’s largest company Reliance Industries increased by Rs 7,848.84 crore to Rs 18,59,023.43 crore.

Market cap of these companies declines

  1. On the other hand, the market cap of LIC, the country’s largest insurance company, declined by Rs 15,306.5 crore to Rs 5,61,881.17 crore.
  2. The market cap of Bajaj Finance, one of the country’s big NBFC companies, fell by Rs 9,601.08 crore to Rs 5,35,547.44 crore.
  3. The country’s second largest private lender ICICI Bank’s market cap declined by Rs 6,513.34 crore to Rs 10,18,982.35 crore.
  4. The market cap of the country’s largest IT company TCS declined by Rs 4,558.79 crore to Rs 10,93,349.87 crore.
  5. On the other hand, the market cap of Hindustan Unilever, the country’s largest FMCG company, declined by Rs 3,630.12 crore to Rs 5,83,391.76 crore.

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