There was a tremendous rise in the stock market last week, due to which there was a huge jump in the value of the biggest companies of the country. This business week, which was short due to holidays, proved to be a profitable deal for investors. The total market cap of 8 companies out of the top-10 companies increased by about ₹ 1.87 lakh crore. In this boom, telecom giant Bharti Airtel emerged as the biggest gainer.
Last week, BSE Sensex rose by 943 points or 1.21%, while NSE Nifty registered a gain of 302 points. According to experts, the reduction in geopolitical tension at the global level and the expectation of a possible agreement between America and Iran created a positive environment in the market. Apart from this, the domestic economic situation also remains strong, which increased investor confidence.
Airtel became the biggest winner
Bharti Airtel benefited the most from this boom. The market cap of the company increased by about ₹ 58,800 crore and crossed ₹ 11.25 lakh crore. After this, companies like LIC, TCS and Reliance Industries also performed well.
These companies also showed their strength
LIC’s market cap rose by over ₹27,600 crore, while TCS gained by ₹20,700 crore. Reliance Industries and Larsen & Toubro (L&T) also recorded gains of around ₹20,000 crore each. Apart from this, there was a good increase in the value of ICICI Bank, State Bank of India (SBI) and Infosys, which led to a big jump in the total market cap.
Which companies suffered losses?
However, this week was not good for all companies. There was a decline in the market cap of HDFC Bank and Bajaj Finance. HDFC Bank’s value declined by about ₹16,000 crore, while Bajaj Finance also declined by about ₹9,700 crore.
Who is the most valuable company?
Reliance Industries still holds the title of the country’s most valuable company. This is followed by HDFC Bank, Bharti Airtel, SBI and ICICI Bank. Experts believe that if the global situation remains stable and the domestic economy remains strong, then this trend of bullishness in the market may continue further.
SK Sharma is a content writer who writes on news, entertainment, and lifestyle topics. She has over four years of experience and is known for conveying information in simple and clear language.
