New Delhi. Due to the strong rise in the domestic stock market during the last trading week, the market cap of nine of the top 10 most valuable companies of Bombay Stock Exchange (BSE) increased.
Last week, the market cap of only one company included in the top 10 fell due to partial selling pressure. After the entire week's trading, a huge increase of more than Rs 1.84 lakh crore was recorded in the market cap of nine companies.
HDFC Bank and Bharti Airtel made the highest profits during this period. On the other hand, in last week's trading, the market cap of LIC decreased by more than four thousand crores.
During the last week, there was a significant increase in the market cap of Reliance Industries, Bharti Airtel, Jio Platforms, HDFC Bank, ICICI Bank, State Bank of India (SBI), Bajaj Finance, Tata Consultancy Services (TCS) and Infosys, which were among the top 10 most valuable companies.
The market cap of these companies increased by a total of Rs 1,84,320.15 crore. In contrast to the trend of these nine profit making companies, the only company in the top 10, Life Insurance Corporation of India (LIC), saw a slight weakness in its market cap.
Its valuation declined by Rs 4,120.30 crore after last week's trading.
After last week's spectacular trading, HDFC Bank's market cap jumped by Rs 58,450.65 crore to reach Rs 12,16,460.20 crore.
Similarly, the market cap of telecom giant Bharti Airtel also jumped by Rs 48,990.40 crore to reach Rs 13,14,998.50 crore.
The market cap of the country's largest company Reliance Industries increased by Rs 32,540.80 crore to Rs 17,86,295.10 crore after last week's trading.
Apart from this, the market cap of ICICI Bank, another heavyweight of the banking sector, was recorded at Rs 10,02,871.40 crore with a gain of Rs 22,150.35 crore.
In last week's trading, the market cap of Jio Platforms also increased by Rs 12,380.20 crore due to being on the radar of buyers and reached Rs 12,95,158.30 crore.
Similarly, the market cap of State Bank of India (SBI) improved by Rs 4,850.15 crore to reach Rs 8,83,384.38 crore.
Apart from this, the market cap of information technology giant Tata Consultancy Services (TCS) increased by Rs 2,870.50 crore to Rs 9,14,652.52 crore, while the market cap of Infosys also registered a slight increase of Rs 1,240.25 crore to reach Rs 4,68,528.03 crore.
At the same time, the market cap of Bajaj Finance was recorded at Rs 5,77,146.21 crore with a slight increase of Rs 846.85 crore.
Unlike these nine profit-making companies, only Life Insurance Corporation of India (LIC) witnessed mild valuation pressure in the week's trading.
The market cap of LIC declined by Rs 4,120.30 crore to Rs 4,81,142.58 crore due to sluggishness in the previous trading sessions. In this way, LIC's share was the only share to decline in the top 10 list.
In terms of market cap, Reliance Industries remained firmly at the first position as the country's most valuable company with a market cap of Rs 17,86,295.10 crore.
After this, Bharti Airtel has occupied the second position with a market cap of Rs 13,14,998.50 crore, while Jio Platforms remains at the third position with a market cap of Rs 12,95,158.30 crore.
In the same sequence, HDFC Bank stood at fourth position with market capitalization of Rs 12,16,460.20 crore and ICICI Bank stood at fifth position with market capitalization of Rs 10,02,871.40 crore.
Similarly, Tata Consultancy Services (TCS) is sixth with a market cap of Rs 9,14,652.52 crore, State Bank of India (SBI) is seventh with Rs 8,83,384.38 crore, Bajaj Finance is eighth with Rs 5,77,146.21 crore, Life Insurance Corporation of India (LIC) is ninth with Rs 4,81,142.58 crore and Infosys With a total market cap of Rs 4,68,528.03 crore, it is firmly placed at the tenth position.