The stock market found relief in the past week. Nevertheless, the Sensex-Nifty experienced a significant decline over four trading days of the week, alongside a tumultuous surge. At the same time, the market capitalization of 8 out of the top 10 most valuable companies in the Sensex experienced a significant increase. In just four days, HDFC Bank recorded gains of over Rs 40,000 crore, making it the top performer. In the past week, the 30-share index increased by 1,536.8 points, representing a growth of 1.98 percent.
The BSE Sensex surged 1,961.32 points, or 2.54%, to end the week at 79,117.11 on Friday, the final trading day of the week. At the same time, the NSE Nifty saw an increase of 374.55 points, equivalent to 1.59 percent. During the week, the total market value of eight of the top 10 BSE companies increased by Rs 1,55,603.45 crore. HDFC Bank investors are leading among companies with successful investors in the past week. The market capitalization of HDFC Bank surged to Rs 13,34,418.14 crore. As a result, investors saw their wealth grow by Rs 40,392.91 crore within a mere four days of trading.
ICICI Bank ranked third among companies in generating returns
Following this development, the market capitalization of TCS, which is a part of the Tata Group, rose by Rs 36,036.15 crore to reach Rs 15,36,149.51 crore. Last week, ICICI Bank ranked third among companies in generating returns for its investors. The market value went up by Rs 16,266.54 crore, reaching Rs 9,01,866.22 crore. In addition, Infosys’ market capitalization surged by Rs 16,189.33 crore to reach Rs 7,90,151.83 crore, while Hindustan Unilever’s market capitalization rose by Rs 13,239.95 crore to Rs 5,74,569.05 crore.
ITC Ltd’s market value rose by Rs 11,508.91 crore to reach Rs 5,94,272.93 crore. At the same time, Bharti Airtel’s market capitalization rose by Rs 11,260.11 crore to Rs 8,94,068.84 crore, while SBI, the largest bank in the country, saw an increase of Rs 10,709.55 crore in its market value to Rs 7,28,293.62 crore.
Investors who put their money into Reliance Industries Limited, owned by India’s wealthiest individual, Mukesh Ambani, witnessed a decline last week resulting in RIL’s market capitalization dropping by Rs 2,368.16 crore to Rs 17,13,130.75 crore within a span of four days. Besides that, the largest decrease in market value, amounting to Rs 11,954.24 crore, has affected insurance company LIC, bringing its total to Rs 5,62,545.30 crore.
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