₹2.15 lakh crore rained on 9 out of top-10 companies, Airtel made the biggest jump in the stock market

Last week there was a good rise in the stock market. Excluding the last trading day, the stock market witnessed a rise in all four trading days. Due to which the top companies of the country also benefited. If we look at the figures, the market cap of 9 out of the top 10 companies increased by more than Rs 2 lakh crore. In which Airtel benefited the most. The special thing is that TCS, the country’s largest IT company, had to suffer losses in this boom also. Let us also tell you how much the country’s top companies have benefited.

Increase in market cap of country’s top companies

1. Last week, the total market valuation of nine of the top-10 most valued companies increased by Rs 2.15 lakh crore.
2. Among the top-10 companies, the market valuation of Bharti Airtel increased the most by Rs 52,432.67 crore to Rs 11,62,963.30 crore.
3. The valuation of LIC, the country’s largest life insurance company, increased by Rs 51,675.23 crore, taking it to Rs 5,56,726.30 crore.
4. The valuation of the country’s largest NBFC Bajaj Finance increased by Rs 26,553.71 crore to Rs 5,98,501.25 crore.
5. The valuation of the country’s largest company Reliance Industries increased by Rs 22,464.02 crore to Rs 17,71,882.96 crore.
6. The market capitalization (mcap) of the country’s largest infra company Larsen & Toubro increased by Rs 21,929.12 crore to Rs 5,79,126.95 crore.
7. The market cap of State Bank of India, the country’s largest government lender, increased by Rs 16,753.57 crore to Rs 9,55,415.07 crore.
8. The market cap of HDFC Bank, the country’s largest private lender, increased by Rs 11,948.72 crore to Rs 12,01,263.14 crore.
9. The market cap of the country’s largest FMCG company Hindustan Unilever increased by Rs 6,661.1 crore to Rs 5,15,946.75 crore.
10. The valuation of ICICI Bank, the country’s second largest private lender, increased by Rs 4,724.22 crore to Rs 9,66,021.99 crore.
11. On the other hand, the market value of TCS, the country’s largest tech company, declined by Rs 12,699.49 crore to Rs 7,69,350.13 crore.

Why did the stock market rise?

Reliance Industries remained the most valued domestic company, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. Last week, BSE benchmark Sensex rose 1,274.95 points or 1.68 per cent. Ponmudi R, CEO of online trading and wealth tech firm ‘Enrich Money’, said that the recovery in the Indian equity market continued this week due to reduction in geopolitical concerns, softening of crude oil prices and improvement in global risk sentiment. Although negotiations are still ongoing and the agreement is yet to be fully implemented, the reduction in geopolitical uncertainty has significantly improved market sentiment.