Market cap of four out of top 10 companies of the country increased by Rs 2.20 lakh crore!

The market cap of four of the top 10 companies of the country has increased by Rs 2.20 lakh crore last week. The reason for this is believed to be the rise in the Indian stock market. In the trading session from 27 to 30 April (the stock market was closed on 1 May due to Maharashtra Day), the Indian stock market closed in the green.

During this period, Sensex closed at 76,913.50 with a gain of 249.29 points or 0.33 percent and Nifty closed at 23,997.55 with a gain of 99.60 points or 0.42 percent.

During this period, the market cap of Bharti Airtel increased by Rs 43,503.51 crore to Rs 11,49,222.13 crore. The market cap of Tata Consultancy Services (TCS) increased by Rs 27,569.83 crore to Rs 8,94,933.95 crore and the market capitalization of Bajaj Finance increased by Rs 9,432.32 crore. It has become Rs 5,83,123.13 crore.

On the other hand, the market cap of ICICI Bank has decreased by Rs 45,364.62 crore to Rs 9,04,980.78 crore. The market capitalization of SBI declined by Rs 30,922.57 crore to Rs 9,85,829.96 crore, the market capitalization of HDFC Bank declined by Rs 20,951.31 crore to Rs 11,87,274.17 crore.

The market cap of Hindustan Unilever has decreased by Rs 18,420.79 crore to Rs 5,28,799.01 crore.

The market cap of Life Insurance Corporation of India (LIC) has declined by Rs 8,222.49 crore to Rs 5,04,798.07 crore. The market cap of L&T has declined by Rs 178.83 crore to Rs 5,51,993.05 crore.

Despite mixed trends, Reliance Industries continued to lead among India’s most valuable companies, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.

Additionally, commenting on Nifty’s weekly outlook, experts said that the resistance level remains around 24,300-24,400, which remains a strong supply zone. On the other hand, 23,800 is a support level. If it breaks then levels of 23,600-23,400 can be seen.