Seven of the top 10 Sensex companies saw strong growth in market capitalization of Rs 1,62,774.49 crore last week. Reliance Industries Limited and Bajaj Finance contributed the most. The Bombay Stock Exchange (BSE) Sensex rose 903.91 points or 1.88 per cent based on 30 company stocks last week. Reliance Industries, Infosys, Hindustan Unilever, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance and State Bank were the top gainers. At the same time, Tata Consultancy Services, HDFC Bank and HDFC’s market capitalization declined.
Learn how the stock market moves this week, expert opinion
Bat Bat Bajaj Finance too
Reliance Industries Ltd’s market cap rose to Rs 12,64,369.99 crore from Rs 57,086.67 crore a week ago. Bajaj Finance has a market cap of Rs 47,526.08 crore and Rs 3,28,639.08 crore. ICICI Bank’s market cap rose to Rs 4,15,348.35 crore from Rs 21,033.34 crore a week ago.
State Bank’s market cap rose to Rs 3,15,440.39 crore
State Bank’s market capitalization increased to Rs 3,15,440.39 crore from Rs 15,171.83 crore during the same period. On the other hand, Hindustan Unilever’s market cap rose to Rs 5,53,053.02 crore from Rs 10,761.02 crore, while Infosys’ market cap rose to Rs 5,76,867.96 crore from Rs 8,559.71 crore. Kotak Mahindra Bank’s market cap rose to Rs 3,46,543.78 crore from Rs 2,635.84 crore.
Their market cap falls
In contrast, the market cap of Tata Consultancy Services fell by Rs 26,411.23 crore during the week to Rs 11,23,919.77 crore. HDFC’s valuation fell by Rs 13,917.44 crore to Rs 4,36,582.10 crore and HDFC Bank’s market cap declined by Rs 821.01 crore to Rs 7,78,850.97 crore.
