2024-09-22 14:47:16 :
Last week turned out to be a great week for the stock market. Sensex and Nifty broke all old records and made history, while shareholders who invested in the listed companies in the market also made good profits due to this rally. 6 out of the top 10 companies in Sensex saw a huge increase in market capitalization, especially the banking stocks. This can be gauged from the fact that investors in just two banks made more than Rs 100 crore in just 5 days.
Sensex made history
First, let’s talk about the rise in the stock market, let us tell you that the 30-share Sensex of the Bombay Stock Exchange (BSE) rose by 1,653.37 points or 1.99% last week. On the last trading day on Friday, Sensex closed at 84,544.31 points, a sharp increase of 1,359.51 points, after rising by 1,509.66 points to touch an all-time high of 84,694.46 points. At the same time, the market capitalization of the top 10 six companies of Sensex increased by a total of Rs 1,97,734.77 crore.
The investors of these two banks are all wealthy people.
ICICI Bank and HDFC Bank remained on top in terms of providing maximum benefits to investors last week. On one hand, ICICI Bank’s market capitalization (ICICI Bank MCap) increased to Rs 9,44,226.88 crore, with corresponding increase in investor wealth by Rs 63,359.79 crore in just five days, while HDFC Bank’s market capitalization (HDFC Bank Market Cap) increased by Rs 58,569.52 crore to Rs 13,28,605.29 crore.
From Airtel to Reliance, they are making money
Telecom major Bharti Airtel was also among the other companies that gained in last week’s stock market trading. Airtel’s market capitalization increased by Rs 44,319.91 crore to Rs 9,74,810.11 crore. Reliance Industries Limited, owned by Asia’s richest man Mukesh Ambani, increased its market capitalization by Rs 19,384.07 crore, with its market capitalization (Reliance MCap) increasing to Rs 20,11,544.68 crore.
Apart from this, the market capitalisation of HUL increased by Rs 10,725.88 crore to Rs 7,00,084.21 crore and that of ITC increased by Rs 1,375.6 crore to Rs 6,43,907.42 crore.
Tata Motors suffered huge losses
While six top companies benefited from the boom in the market, four failed to capitalise on it. Tata Group company Tata Consultancy Services Ltd topped the list of loss-making companies, with TCS’s market capitalisation falling by Rs 85,730.59 crore to Rs 15,50,459.04 crore. Meanwhile, Infosys’ value fell by Rs 15,861.16 crore, with Infosys MCap’s value falling to Rs 7,91,438.39 crore.
The country’s largest insurer Life Insurance Corporation of India (LIC Market Cap) also saw a decline, falling by Rs 14,832.12 crore to Rs 6,39,172.64 crore. Apart from this, the country’s largest government bank State Bank of India (SBI Market Cap) saw its market cap fall by Rs 7,719.79 crore to Rs 6,97,815.41 crore.
Reliance continues to rank first
After a week of market cap fluctuations, if we look at the top 10 list of the country’s most valuable companies, Mukesh Ambani’s Reliance Industries has grabbed the first spot, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, Hindustan Unilever, State Bank of India, ITC and LIC.
(Note- Always take advice from market experts before making any type of investment in the stock market.)
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