In the last trading week, the Indian stock market has given investors plenty of opportunities to smile. On one hand, while the main indices of the market registered significant gains, on the other hand, six of the top-10 most valuable companies of the country added additional market value (M-Cap) of more than Rs 1 lakh crore. For the common investor who invests his hard-earned money in big and safe stocks, this week has further strengthened his faith in large-cap companies. During the entire week, BSE’s benchmark Sensex closed with a spectacular jump of 663.44 points (0.86 percent). Similarly, NSE Nifty also showed a strong gain of 214.85 points (0.89 percent). Amidst this strong market rally, the biggest gains were made by investors of Bharti Airtel and Bajaj Finance.
Silver of these companies due to rise in Sensex
In this all-round rise in the market, Bharti Airtel emerged as the biggest winner. There was a bumper jump of Rs 36,529.21 crore in the market value of the company, due to which its total market cap reached the level of Rs 11,63,877.30 crore. After the telecom sector, the financial sector also supported the market. This week was a great week for the investors of Bajaj Finance. Its market cap saw a solid increase of Rs 33,059.83 crore and became Rs 6,43,141.36 crore.
A clear buying trend was visible in the private banking space also. The market cap of leading ICICI Bank increased by Rs 16,084.29 crore and crossed Rs 10,11,695.03 crore. The largest private bank, HDFC Bank, also added Rs 7,664.89 crore to its market cap. Apart from this, state-owned insurer LIC recorded an increase of Rs 8,601.99 crore and FMCG major Hindustan Unilever recorded an increase of Rs 6,461.38 crore in its value.
These big stocks got a big blow
There is not always a one-sided rise in the stock market. While on one hand six companies earned bumper profits, on the other hand four other companies included in the top-10 also suffered losses. Investors of infrastructure giant Larsen & Toubro (L&T) were the most disappointed. Due to profit booking, the market cap of this company fell by Rs 26,572.2 crore to Rs 5,53,978.63 crore.
Shares of the country’s largest company Reliance Industries (RIL) also saw pressure this week. A decrease of Rs 18,945.56 crore was recorded in the valuation of Reliance. Apart from this, the market cap of the largest public sector bank SBI decreased by Rs 4,846.08 crore and the market cap of IT sector giant TCS decreased by Rs 1,031.15 crore.
Reliance Industries’ dominance continues
Despite the decline in market cap, Reliance Industries firmly holds the crown of the country’s most valuable company. Reliance is at number one with a huge value of Rs 17,64,981.36 crore. After this comes HDFC Bank, Bharti Airtel and ICICI Bank. SBI, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever have secured their places in the top 10 list from fifth to tenth position respectively.
There will be a grand entry of these new shares next week
If you are fond of investing money in the primary market, then the new business week is going to be full of action for you. Aastha Spintex will be listed on NSE and BSE in the mainboard segment on July 6. Adon Agro Commodities will also be launched on BSE SME on the same day.
July 7 will be a very busy day for the stock market. On this day, shares of Critical Tech, Seamax Resources, Atharva Polyplast, Sampark India Logistics, Vineet Mobile and Teja Engineering Industries will be listed on different platforms. After this, Knack Packaging will start its journey in the stock market on 8th July and at the end of the week on 10th July, IC Electricals will start its journey in the stock market.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
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