Market cap of Sensex’s top-10 companies increased by 2.72 lakh crore, Reliance remained on top

Sensex Market Cap: During the week-long trading in the stock market, there has been an increase in the market cap of the top-10 companies of the Sensex. In the last week, there has been a jump of Rs 2.72 lakh crore in the market cap of 10 companies. The Indian markets saw good gains amid a bullish trend in the global market.

Sensex up 4.16 per cent
The 30-share Sensex of BSE has gained 2,313.63 points or 4.16 per cent in the week of low holiday trading sessions. Similarly, the Nifty of the National Stock Exchange rose 656.60 points or 3.95 per cent. The market capitalization of the top 10 Sensex companies collectively increased by Rs 2,72,184.67 crore.

Reliance, TCS-Infosys increase market cap
The market capitalization of Reliance Industries rose by Rs 54,904.27 crore to Rs 16,77,447.33 crore. Among IT sector companies, the market cap of Tata Consultancy Services (TCS) and Infosys Technologies collectively increased by Rs 41,058.98 crore. TCS’s M-Cap increased by Rs 27,557.93 crore to Rs 13,59,475.36 crore in the reporting week. At the same time, the valuation of Infosys stood at Rs 7,79,948.32 crore, with a jump of Rs 13,501.05 crore.

The boom in the banking sector
There was a strong jump in the market cap of the country’s top banks HDFC Bank, ICICI Bank and State Bank of India. The market valuation of HDFC Bank rose by Rs 46,283.99 crore to Rs 8,20,747.17 crore. SBI’s market position rose by Rs 27,978.65 crore to Rs 4,47,792.38 crore and that of ICICI Bank by Rs 29,127.31 crore to Rs 5,00,174.83 crore.

HUL also increased market cap
The market position of Hindustan Unilever (HUL) increased by Rs 1,703.45 crore to Rs 4,93,907.58 crore. The market valuation of Bajaj Finance stood at Rs 4,22,325.91 crore, with an increase of Rs 22,311.87 crore.

HDFC also benefited
The market capitalization of HDFC stood at Rs 4,37,859.67 crore with an increase of Rs 33,438.47 crore. During the week, the market position of telecom giant Bharti Airtel increased by Rs 15,377.68 crore to Rs 3,96,963.73 crore.

Reliance is on top
In the list of top 10 companies, Reliance Industries remained at the first position. It was followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, SBI, HDFC, Bajaj Finance and Bharti Airtel respectively.

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