Impact of Sensex jump! Money showered on 8 out of top-10 companies, market value increased by Rs 4.13 lakh crore

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As a result of the record of rise in the stock market last week, there was a huge increase in the valuations of the top companies of the country. There was a tremendous increase in the valuation of 8 out of the top 10 companies of the country. If we look at the figures, the total market valuation of these companies increased by Rs 4,13,003.23 crore. HDFC Bank and ICICI Bank benefited the most in this. According to the report, among the top-10 companies, HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, L&T and HUL benefited, while the valuation of Reliance Industries and Infosys declined. Let us also tell you how much profit has been made by which of the top companies.

Which company benefited how much?

  1. The valuation of the country’s largest private lender HDFC Bank increased by Rs 91,282.67 crore, taking its total market valuation to Rs 12,47,478.57 crore.
  2. The valuation of ICICI Bank, the country’s second largest private lender, increased by Rs 76,036.36 crore to Rs 9,46,741.85 crore.
  3. The valuation of the country’s largest NBFC company Bajaj Finance increased by Rs 60,980.35 crore to Rs 5,75,206.47 crore.
  4. The market capitalization of the country’s largest infra company L&T increased by Rs 47,624.97 crore to Rs 5,44,736.59 crore.
  5. The market capitalization of Bharti Airtel, one of the largest telecom companies in the country, increased by Rs 45,873.43 crore to Rs 10,66,293.69 crore.
  6. The market cap of the country’s largest government lender State Bank of India increased by Rs 43,614.67 crore to Rs 9,84,629.98 crore.
  7. The market cap of the country’s largest IT company TCS increased by Rs 26,303.49 crore to Rs 9,13,331.92 crore.
  8. The market valuation of the country’s largest FMCG company Hindustan Unilever increased by Rs 21,287.29 crore to Rs 5,06,477.89 crore.
  9. On the other hand, the market cap of Infosys, which is among the biggest IT companies of the country, declined by Rs 3,285.03 crore to Rs 5,24,124.40 crore.
  10. The valuation of the country’s largest company Reliance Industries declined by Rs 947.28 crore to Rs 18,27,086.79 crore.

What do experts say?

Last week, the BSE benchmark Sensex jumped 4,230.7 points or 5.77 per cent, and the National Stock Exchange’s flagship index Nifty rose 1,337.5 points or 5.88 per cent. Ajit Mishra, SVP, Research, Religare Broking Limited, said that the market mood remained good due to expectations regarding a temporary ceasefire between the US and Iran, however, as the week progressed, the pace of growth slowed down a bit due to the persistence of geopolitical uncertainties. He further said that the sharp fall in crude oil prices below $100 per barrel eased domestic concerns and fueled a strong recovery across the market. However, even this week, Reliance Industries remained the most valued domestic company, followed by HDFC Bank, Bharti Airtel, Bharti State Bank, ICICI Bank, TCS, Bajaj Finance, L&T, Infosys and HUL.

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