4 out of top 10 companies m-cap increased by Rs 1.15 lakh crore

MUMBAI: The stock market rose for the second consecutive day on Thursday on the strength of buying in oil and gas, metals, energy, etc. groups at the domestic level amid mixed signals of global level. The 30-share sensitive index Sensex of the BSE rose 257.62 points to 51,039.31 points and the National Stock Exchange (NSE) Nifty climbed 115.35 points to 15,097.35 points. Along with the giants, there was buying momentum in the small and medium companies as well, with the BSE midcap rising 1.09 percent to 20,333.80 points and the smallcap ending 1.42 percent up at 20,304.98 points. Shares included in the Sensex were buying in companies like HDFC Bank, Reliance Industries and Infosys. According to traders, the positive trend in the global markets also supported the domestic market. Among the Sensex stocks, Axis Bank gained the most by nearly three percent. After that, shares of IndusInd Bank, Axis Bank, ONGC, Kotak Bank, State Bank, HDFC Bank, Reliance Industries and Infosys also rose. In contrast, shares of Nestle India, Asian Paints, Hindustan Unilever and Tech Mahindra declined.

The market capitalization (market cap) of four of the top 10 companies of the Sensex increased by Rs 1,15,758.53 crore last week. During this period, the market capitalization of Reliance Industries increased by Rs 71,033.44 crore. The Sensex lost 156.13 points or 0.31 per cent during the whole week. Apart from Reliance Industries, the market cap of Tata Consultancy Services (TCS), Hindustan Unilever Limited and Bajaj Finance increased in the week under review.

However, the valuations of HDFC Bank, Infosys, HDFC, ICICI Bank, Kotak Mahindra Bank and Bharti Airtel declined by Rs 48,941.18 crore in aggregate. Reliance Industries’ mCap rose by Rs 71,033.44 crore to Rs 12,99,363.47 crore in the week under review. Similarly, the market capitalization of Tata Consultancy Services increased by Rs 26,191.64 crore to Rs 12,39,562.76 crore, Hindustan Unilever Ltd. rose by Rs 13,357.22 crore to Rs 5,65,949.36 crore and Bajaj Finance grew by Rs 5,176.23 crore to reach Rs 2,99,332.25 crore. Gone.

In contrast to this trend, the market cap of Bharti Airtel declined by Rs 13,993.5 crore to Rs 3,14,703.83 crore, HDFC Bank by Rs 12,502.38 crore to Rs 7,95,112.89 crore, HDFC by Rs 7,677.82 crore to Rs 4,66,123.79 crore. Similarly, Kotak Mahindra Bank’s market capitalization declined by Rs 6,416.75 crore to Rs 3,62,665.26 crore, ICICI Bank by Rs 6,370.02 crore to Rs 3,68,375.92 crore and Infosys by Rs 1,980.71 crore to Rs 5,70,976.45 crore.

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