Market cap of 8 out of top-10 companies rose by Rs 1.72 lakh crore, RIL leads in earnings

M-cap of top 10 most valued firms: The market cap of the country’s eight most valuable company increased to Rs 1,72,148.89 crore during the trading in the stock market last week. Reliance Industries has benefited the most in this. Last week, BSE benchmark jumped up to 709.19 points or 0.87. Top-10 valuable companies included Reliance Industries, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, Infosys, Hindustan Unilever Limited, Life Insurance Corporation of India (LIC) and Bajaj Finance.

However, the valuation of HDFC Bank and State Bank of India has declined. At the same time, the market cap of Hindustan Unilever increased by Rs 34,280.54 crore to Rs 6,17,672.30 crore. The valuation of Bharti Airtel also increased by Rs 33,899.02 crore to Rs 11,02,159.94 crore. Similarly, the valuation of Bajaj Finance has also gained Rs 20,413.95 crore and now it has increased to Rs 5,55,961.39 crore.

These IT companies also earned profits

Infosys’s market cap increased by Rs 16,693.93 crore to Rs 6,18,004.12 crore with better trading of shares last week, while TCS’s market capitalization has increased by Rs 11,487.42 crore to Rs 11,04,837.29 crore.

Mixed performance of banks

The market valuation of ICICI Bank has increased by Rs 6,443.84 crore, causing it to Rs 10,25,426.19 crore. At the same time, HDFC Bank’s market capitalization declined by Rs 20,040.7 crore to Rs 15,08,346.39 crore. State Bank of India also declined by Rs 9,784.46 crore to Rs 7,53,310.70 crore. However, LIC’s market cap increased by Rs 822.25 crore to Rs 5,62,703.42 crore.

Ril intact on his position

With this, Reliance Industries remained the most valuable company in the country. After that HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC and Bajaj Finance were ranked.

Market move next week

Business in the Indian stock market may start with a positive attitude next week as investors are expected to cut the US Fed Reserve interest rates. Apart from this, there is a possibility of impact of weakness in the dollar index and strong performance of global markets. However, investors also think that the dadline of American tariff is coming close on Indian imports.

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