Last week was exceptionally rewarding for the stock market, with six of the Sensex's top-10 firms witnessing a whopping increase of ₹1.30 lakh crore in their market capitalization. SBI investors, in particular, saw substantial gains, pocketing over ₹45,000 crore from the trade in just a single week. Meanwhile, Reliance Industries shareholders, owned by Mukesh Ambani, faced losses.
The seven companies among the Sensex's 30 that saw their market value increase include SBI, ICICI Bank, Bharti Airtel, ITC, LIC, and Infosys. In contrast, Reliance and three others - TCS, HDFC Bank, and HUL - experienced a decrease in market cap.
SBI Shares Hit a New High
Last week, the BSE Sensex rose by 641.83 points, or 0.87%. During this period, SBI Shares raced to a new all-time high level. The boosting of the SBI Stock to ₹816.90 significantly enhanced the bank's market value (SBI Market Cap), reaching ₹7,15,218.40 crore. Consequently, SBI Investors earned a stunning ₹45,158.54 crore over the week.
ICICI Bank Investors Also Rejoice
Alongside SBI, the private sector's ICICI Bank's market cap (ICICI Bank MCap) also increased by ₹28,726.33 crore, reaching ₹7,77,750.22 crore and securing the second spot in terms of weekly earnings for its investors. Other companies that showered their investors with profits included telecom giant Bharti Airtel, with its market capitalization (Bharti Airtel MCap) soaring by ₹20,747.99 crore to reach ₹7,51,406.35 crore.
From ITC to Infosys, Investors Profited
Others that provided significant returns included ITC, whose market cap (ITC Market Cap) grew by ₹18,914.35 crore to ₹5,49,265.32 crore. Additionally, India's largest insurance firm, LIC, saw its market value increase by ₹9,487.5 crore, reaching ₹6,24,941.40 crore. Tech behemoth Infosys (Infosys) also joined this illustrious list as its market cap climbed by ₹7,699.86 crore to ₹5,93,636.31 crore.
Reliance and TCS Faced Downturns
Last week was less favorable for Mukesh Ambani's Reliance Industries Limited (RIL), with investors incurring losses. Reliance Market Cap saw a decrease of ₹26,115.56 crore, dwindling to ₹19,64,079.96 crore. HDFC Bank's investors also faced a setback, with its market cap (HDFC Bank MCap) dropping by ₹16,371.34 crore to ₹11,46,943.59 crore. Additionally, TCS Market Cap fell by ₹5,282.41 crore to ₹13,79,522.50 crore while Hindustan Unilever (HUL MCap) decreased by ₹2,525.81 crore, descending to ₹5,21,961.70 crore.
Reliance Industries Maintains Lead Despite Dip
Despite a decrease in market value, Mukesh Ambani's Reliance Industries Limited remained at the top of the list of the ten most valuable companies, followed by Tata Consultancy Services, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, LIC, Infosys, ITC, and Hindustan Unilever respectively.
