7 Companies add Rs. 1.15 lakh crore to the market

With Reliance Industries holding the top position, seven of the top-10 most valued companies together added Rs 1,15,898.82 crore in market valuation last week.

Reliance Industries, HDFC Bank, Hindustan Unilever, HDFC, State Bank of India, Bajaj Finance and Kotak Mahindra Bank upsurged in their valuation. 

Reliance Industries added Rs. 60,668.47 crore taking its valuation to Rs 13,88,718.41 crore and Bajaj Finance’s valuation hopped Rs. 23,178.02 crore to Rs. 3,61,767.29 crore.

Contrary to this, Tata Consultancy Services, Infosys and ICICI Bank’s market capitalization narrowed down.

The market capitalization of HDFC gained Rs 14,521.98 crore to Rs 4,72,940.60 crore and that of State Bank of India went up by Rs 10,307.93 crore to attain Rs 3,86,971.16 crore.

Hindustan Unilever added Rs 4,428.97 crore taking its valuation to Rs 5,50,191.47 crore and the mcap of Kotak Mahindra Bank reached Rs 2,002.21 crore to Rs 3,58,851.88 crore. HDFC Bank added Rs 791.24 crore to hit Rs 8,28,341.24 crore.

At the same time, the valuation of Infosys declined by Rs 8,351.83 crore to Rs 5,90,252.27 crore and that of Tata Consultancy Services dipped Rs 351.41 crore to Rs 11,62,667.33 crore.

ICICI Bank’s market capitalization went lower by Rs 208.16 crore to Rs 4,44,963.18 crore.

Out of the top-10 most valued companies, Reliance Industries was leading the chart followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, State Bank of India, Bajaj Finance and Kotak Mahindra Bank.

The 30-share BSE Sensex jumped 677.17 points or 1.31 per cent, last week.

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Krishna Rath is a SEBI Registered Investment Adviser, and since 2015 has been educating netizens on investments and insurance. Krishna is a fee only SEBI RIA and is Odisha's first SEBI RIA. With background in IT, Krishna is changing the advisory space with new innovations in AdvisoryTech.

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