The market cap of the top-7 companies increased by Rs 3.04 lakh crore, the most valuable being Reliance
Market Cap of Companies: The domestic stock market witnessed a huge increase last week. On December 5, 2023, the Sensex crossed the 69,000 mark for the first time. This has increased the market cap of 7 of the 10 most valuable companies in the country by Rs 3.04 lakh crore. HDFC Bank and LIC have seen the highest growth in market cap. Last week, the market cap of 7 of the top 10 companies in the country increased by Rs 3,04,477.25 crore. Also, BSE’s market cap has increased from Rs 3.2 lakh crore to Rs 343.5 lakh crore in 2023.
BSE crossed 69000 mark
The BSE Sensex gained 2,344.41 points or 3.47 percent last week. On Friday, the last trading day of the week, the Sensex rose 303.91 points, or 0.44 per cent, to touch an all-time high of 69,825.60. According to stock market data, private sector HDFC Bank’s market cap increased by Rs 74,076.15 crore to Rs 12,54,664.74 crore. Apart from this, the market cap of the country’s largest insurance company LIC has also increased by Rs 65,558.6 crore to Rs 4,89,428.32 crore. LIC shares hit a 52-week high on Thursday. With this, the insurance company had reached the figure of Rs 5 lakh crore. Private sector ICICI Bank’s market cap also rose by Rs 45,466.21 crore to Rs 7,08,836.92 crore.
TCS, Reliance, SBI also in profit TCS, the country’s largest IT company, has increased its market cap by Rs 42,732.72 crore to Rs 13,26,918.39 crore. During this period, Reliance Industries Limited’s market capitalization increased by Rs 42,454.66 crore to Rs 16,61,787.10 crore. Last week, SBI’s market capitalization increased by Rs 37,617.24 crore to Rs 5,47,971.17 crore. Also, the market cap of IT company Infosys in the country increased by Rs 15,916.92 crore to Rs 6,18,663.93 crore. However, Hindustan Unilever’s market value fell by Rs 9,844.79 crore to Rs 5,92,414.19 crore. During this period, Bharti Airtel’s market cap also declined by Rs 8,569.98 crore to Rs 5,61,896.90 crore. ITC’s capital also fell by Rs 935.48 crore to Rs 5,60,223.61 crore.
Reliance Industries is the most valuable company in the country Reliance Industries is the most valuable company in the country. It is followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever Limited, Bharti Airtel, ITC, SBI and LIC.