Market cap of these companies saw an increase of 1.95 lakh crore in five days.
Market Cap Of These Companies: Last week, the stock market saw a significant rally. Except for a minor dip on October 8th, the festive season's euphoria prevailed in the stock market. The remaining gains were made up by the IPOs of Tata Capital and LG Electronics, which received a strong response from investors.
The valuations of eight of the top 10 companies in the stock market increased by ₹1,94,564.11 crore. While the market cap of two companies has declined by ₹8,220.25 crore.
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Tata and Reliance, received a flood of money.
Tata Group's largest company, TCS, saw the biggest gain last week. The IT company's market cap increased by more than ₹45,000 crore. Notably, the market cap of six companies has increased by more than ₹20,000 crore. The market caps of Infosys, HDFC Bank, Airtel, ICICI Bank, SBI, Bajaj Finance, and Reliance Industries have all seen increases. Let's break down how much each company has gained.
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How much has the market cap of eight of the top 10 companies increased?
>.The market cap of Hindustan Unilever, the country's largest FMCG company, also saw a decline. According to the data, the company's valuation has fallen by ₹3,571.37 crore to ₹5,94,235.13 crore.
>.Shares of ICICI Bank, the country's second-largest private lender, also saw a rise last week. Following this, the bank's market cap increased by ₹11,251.62 crore to ₹9,86,367.47 crore.
>.Shares of Bajaj Finance, the country's leading NBFC company, also saw a significant increase, with the company's valuation increasing by ₹21,187.56 crore. Consequently, the company's market cap reached ₹6,36,995.74 crore.
>.Shares of TCS, the country's largest IT company, saw a significant increase this week, resulting in a significant increase of ₹45,678.35 crore in its valuation.
How much did the stock market rise?
The stock market saw a significant increase last week. Looking at the data, the Bombay Stock Exchange's key index, the Sensex, rose 1,293.65 points, or 1.60 percent, to 82,500.82. Meanwhile, the National Stock Exchange's key index, the Nifty, gained 391.1 points, or 1.57 percent, to close at 25,285.35. Experts believe further gains are expected in the coming days.
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