Last week was full of ups and downs for the stock market. Sometimes the market collapsed in no time, and then the very next day it was seen doing business at a brisk pace. However, despite this turmoil that lasted throughout the week, the 30-share Sensex of Bombay Stock Exchange remained up by 728 points. Meanwhile, the market value of six companies out of the top-10 Sensex companies increased and among these, the country’s largest insurance company LIC was the biggest gainer. LIC investors earned around Rs 45,000 crore in just five days.
LIC investors bat-bat
Despite the ups and downs, last week has proved to be a great week for the stock market. The market cap of six of the top 10 most valuable companies of Sensex has jointly increased by Rs 1,85,186.51 crore. Among the six companies which have showered money on their investors by earning huge profits during this period, Life Insurance Corporation of India i.e. LIC was at the first place. According to PTI, the market cap of LIC increased to Rs 7,46,602.73 crore during five days of trading. According to this, those who invested money in LIC Shares have earned Rs 44,907.49 crore. LIC shares had closed at Rs 1190 last Friday, up 2.51 per cent.
These companies made money
Apart from LIC, among the companies which made profits for their investors, tech giant Infosys stood second. Infosys Market Cap increased by Rs 35,665.92 crore to reach Rs 7,80,062.35 crore. With this, ITC added Rs 35,363.32 crore and ITC MCap increased to Rs 6,28,042.62 crore. The market value (TCS Market Value) of Tata Group’s IT company Tata Consultancy Services increased by Rs 30,826.1 crore and reached Rs 15,87,598.71 crore.
HDFC investors also benefited
Telecom giant Bharti Airtel also remained ahead in terms of earning income for investors during the five days of trading last week. Airtel market value has increased by Rs 30,282.99 crore and market capitalization has increased to Rs 8,62,211.38 crore. Apart from this, the market cap of HDFC Bank, the largest private sector bank, increased by Rs 8,140.69 crore to Rs 12,30,842.03 crore.
Reliance incurred huge losses
Now let’s talk about those companies in which investors had to suffer huge losses last week. So in this list, Reliance Industries Limited, the company of Asia’s richest person Mukesh Ambani, was at number one. There was a huge decline of Rs 62,008.68 crore in Reliance MCap and it came down to Rs 20,41,821.06 crore. Whereas ICICI Bank MCap decreased by Rs 28,511.07 crore to Rs 8,50,020.53 crore, while SBI Market Cap decreased by Rs 23,427.1 crore to Rs 7,70,149.39 crore. The market value of Hindustan Unilever has also decreased and it came down by Rs 3,500.89 crore to Rs 6,37,150.41 crore.
Reliacne tops in market value
Even though the market capitalization of Mukesh Ambani’s company Reliance Industries has decreased, yet RIL occupies the first place in terms of market value in the list of top-10 companies of Sensex. After this, TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, LIC, Hindustan Unilever and ITC were ranked respectively.
(Note- Before making any investment in the stock market, definitely take advice from your market experts.)