Mumbai3 hours ago
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Amidst the ups and downs in the Indian stock market last week, a total increase of Rs 92,995.48 crore has been recorded in the market capitalization i.e. market cap of four of the top 10 most valuable companies of the country.
In this boom, private sector giant HDFC Bank and telecom company Bharti Airtel were at the forefront. On the other hand, the remaining six companies suffered losses due to market slowdown and their valuations collectively declined by Rs 49,294.13 crore.
There was a break on the four-week rise
Indian benchmark indices closed with a slight decline in the last trading week, breaking the continuous upward trend that had been going on for the last four weeks. During the entire week’s trading, the Sensex closed down by 194.52 points or 0.25%. Nifty also closed in the red with a weakness of 63.95 points or 0.26%.
4 companies including HDFC Bank and Bharti Airtel benefited
The four companies in the list of top-10 companies which benefited their investors include Reliance Industries, HDFC Bank, Bharti Airtel and Life Insurance Corporation of India (LIC). HDFC Bank gained the most in terms of valuation. The market cap of the bank increased by Rs 35,808.09 crore to reach Rs 12,69,454.42 crore.
There was a boom in the market on Friday
The stock market was on the rise on Friday i.e. 10th July. The Sensex closed at 77,569 with a gain of 828 points (1.08%). Nifty also rose by 244 points (1.02%), reaching 24,206.
