Market Capitalization: The market capitalization (market cap) of seven of the top 10 Sensex companies collectively increased by Rs 1,07,224.82 crore last week. Tata Consultancy Services (TCS) and Infosys have been the biggest gainers in the information technology sector. In the last week, the 30-share Sensex of BSE has gained 360.81 points or 0.60 percent and its effect is visible in the market capitalization of the top 10 companies of Sensex.
These companies including TCS, HDFC Bank, Infosys were in strong profit
In the last week, an increase in the market capitalization of TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC and Life Insurance Corporation (LIC) has been registered. The market capitalization of TCS rose by Rs 59,349.81 crore to Rs 12,34,637.11 crore. The market valuation of Infosys rose by Rs 22,997.16 crore to Rs 6,32,684.95 crore. Infosys’ December quarter profit has been better than expected. The company’s profit increased by 13.4 percent during the quarter.
Market cap of HUL, HDFC and LIC increased wildly
Meanwhile, Hindustan Unilever’s market cap rose by Rs 10,514.42 crore to Rs 6,16,004.09 crore. HDFC’s valuation increased by Rs 4,904.87 crore to Rs 4,78,922.89 crore. The market capitalization of LIC increased by Rs 3,668.5 crore to reach Rs 4,50,782.59 crore. HDFC Bank’s market cap rose by Rs 3,624.89 crore to Rs 8,92,754.89 crore, while ICICI Bank’s valuation rose by Rs 2,165.17 crore to Rs 6,09,305.82 crore.
The decline in the market cap of these three companies – Reliance Industries suffered the most
At the same time, the valuation of Reliance Industries, State Bank of India (SBI) and Bharti Airtel decreased. Contrary to the trend of bullish companies, the market capitalization of Reliance Industries declined by Rs 47,290.7 crore to Rs 16,69,280.55 crore. Bharti Airtel’s market cap declined by Rs 17,373.86 crore to Rs 4,25,982.59 crore. SBI’s valuation declined by Rs 490.85 crore to Rs 5,35,521.33 crore.
Reliance Industries retained the first position in the list of top 10 companies
Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, SBI, HDFC, LIC and Bharti Airtel respectively.
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