BSE top companies increase market cap by Rs 1.76 lakh crore
BSE top companies market cap
Last week, the Indian stock markets witnessed tremendous growth. Companies also benefited from this. Last week, the market capitalization (market cap) of 8 companies out of the top 10 of BSE registered an increase of Rs 1.76 lakh crore. The BSE has closed up 950.85 or 2.81 per cent in the previous week.
Reliance's market cap increased by Rs 1.08 lakh crore :
Reliance Industries Limited (RIL) has been the star performer of the BSE Sensex last week. During this period, RIL's market cap rose by Rs 1.08 lakh crore to cross Rs 11.15 lakh crore. With this increase, RIL has become the first company in the country to cross the market cap of Rs 11 lakh crore. Last week, RIL Chairman Mukesh Ambani had reported a sharp rise in shares after the company announced its net debt free.
The other major gainer was HDFC Bank, whose valuation jumped Rs 27,788.22 crore to reach Rs 5,67,093.60 crore.
The market capitalisation of ICICI Bank climbed Rs 12,729.16 crore to Rs 2,35,648.10 crore and that of HDFC rose by Rs 8,110.36 crore to Rs 3,18,597.21 crore.
Bharti Airtel's valuation surged Rs 6,301.17 crore to Rs 3,11,757.83 crore and that of Infosys advanced Rs 5,771.09 crore to Rs 3,00,543.95 crore.
The market valuation of Kotak Mahindra Bank jumped Rs 4,442.42 crore to Rs 2,57,640.33 crore and that of Tata Consultancy Services increased by Rs 3,133.24 crore to reach Rs 7,68,131.91 crore.
In contrast, ITC's valuation tumbled by Rs 12,169.31 crore to Rs 2,26,299.98 crore and that of Hindustan Unilever Limited dipped Rs 3,277.62 crore to Rs 4,91,584.61 crore.
More News :
According to Indian Oil Corporation, the country's largest oil marketing company, the price of petrol in Delhi today increased by 35 paise to Rs 79.23 per liter, the highest level since November 01, 2018.
With a 60 paise increase in the price of diesel, this record has reached Rs 78.27 per liter. Petrol and diesel prices in the country have been increasing continuously since June 7. In these 15 days, petrol in Delhi has become expensive by Rs 7.97 i.e. 11.18 percent and diesel by Rs 8.88 or 12.80 percent.
Crude prices have fallen drastically in the international market after the introduction of coronavirus infection. Crude prices have been around 35 to 40 dollars per barrel for quite some time. The benefit of this softening in the prices of crude is not available in the domestic market. The prices of petrol and diesel are increasing continuously in the domestic market.
BSE top companies market cap
Piyush Verma
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