Last Updated:
Reliance Industries maintained its position as the top company in the Sensex rankings, followed closely by Tata Consultancy Services (TCS).
Sensex rose by 657 points, Nifty up by 226 points.
The past week has been nothing short of remarkable for the stock market, with the benchmark index of the Bombay Stock Exchange (BSE Sensex) rising by a robust 657.48 points, or 0.84%. Meanwhile, the National Stock Exchange’s Nifty index surged by 225.9 points, or 0.95%. A total of Rs 86,847.88 crore was added to the combined market value of the top six companies on the Sensex during this period, with HDFC Bank and Reliance Industries leading the charge and rewarding their investors handsomely.
Market Performance of Key Companies
Over the course of the week, the market capitalisation of several major companies saw significant gains, while a few others experienced declines. Notably, HDFC Bank, Reliance Industries, ICICI Bank, Bharti Airtel, ITC, and Hindustan Unilever emerged as the big winners, posting impressive increases in their market valuations.
On the other hand, stocks like Tata Consultancy Services (TCS), Infosys, State Bank of India (SBI), and Life Insurance Corporation of India (LIC) witnessed a dip in their market value.
Companies That Benefitted the Most
According to PTI, HDFC Bank saw its market capitalisation jump by Rs 20,235.95 crore, reaching Rs 13,74,945.30 crore. Similarly, Reliance Industries experienced a rise of Rs 20,230.9 crore, with its market value standing at Rs 16,52,235.07 crore. ITC also saw a substantial increase of Rs 17,933.49 crore, bringing its market capitalisation to Rs 5,99,185.81 crore.
ICICI Bank gained Rs 15,254.01 crore, pushing its market value to Rs 9,22,703.05 crore. Bharti Airtel added Rs 11,948.24 crore to its market valuation, which rose to Rs 9,10,735.22 crore. Finally, Hindustan Unilever recorded an increase of Rs 1,245.29 crore, with its market capitalisation reaching Rs 5,49,863.10 crore.
In contrast, several companies faced a decline in their market capitalisation during the week. State Bank of India (SBI) saw its market value drop by Rs 11,557.39 crore, reaching Rs 7,13,567.99 crore. LIC’s market capitalisation fell by Rs 8,412.24 crore, bringing its valuation to Rs 5,61,406.80 crore. Infosys recorded a decline of Rs 2,283.75 crore, with its market value standing at Rs 7,95,803.15 crore. Finally, Tata Consultancy Services (TCS) saw a marginal decrease of Rs 36.18 crore, bringing its valuation to Rs 15,08,000.79 crore.
The Top 10 Companies of the Sensex
At the end of the week, Reliance Industries maintained its position as the top company in the Sensex rankings, followed closely by Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, ITC, LIC, and Hindustan Unilever.