Last week, there were ups and downs in the stock market due to Iran-America tension. Out of the 10 high value companies of Sensex, the market cap of 6 companies has increased by Rs 74,111 crore, during this period Reliance Industries has benefited the most. Last week, BSE’s 30-share index Sensex closed with a gain of 177.37 points, which is considered positive for the market in the coming days.
Tremendous gains for these companies including Reliance
Last week, the market cap of Reliance Industries increased by Rs 24,696 crore, after which the value of the company reached Rs 18.33 lakh crore. Whereas Reliance Industries has emerged as the highest growing company last week. At the same time, the market cap of TCS, the country’s largest IT company, increased by Rs 19,338 crore. After which the value of the company became Rs 8.38 lakh crore. Apart from this, the market cap of the country’s largest private bank ICICI Bank has increased by Rs 14,515 crore and its market value reached Rs 9.06 lakh crore.
LIC and Bajaj Finance also benefited
The market capitalization of LIC increased by Rs 9,076 crore and increased to Rs 5.14 lakh crore. At the same time, the market cap of Bajaj Finance also increased by about Rs 3,798 crore. Apart from this, an increase of Rs 2,685 crore was also recorded in the market valuation of Larsen & Toubro.
Loss to Airtel and HDFC Bank
On the other hand, Bharti Airtel suffered the most loss. The market capitalization of the company decreased by Rs 20,229 crore. A decline was also recorded in the market cap of Hindustan Unilever, State Bank of India and HDFC Bank.
Reliance becomes the most valuable company
Reliance Industries remained at the first position in the list of most valuable companies of the country. This was followed by HDFC Bank, Bharti Airtel, ICICI Bank and SBI. TCS, Bajaj Finance, L&T, Hindustan Unilever and LIC were also included in the top-10 list.
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