M-Cap: 7 out of Sensex's top 10 businesses boost market capitalisation, with HDFC Bank gaining the most

M-Cap: 7 out of Sensex’s top 10 businesses boost market capitalisation, with HDFC Bank gaining the most

Business

Seven of the top 10 companies of BSE Sensex saw an increase in market capitalization (market cap) of Rs 1,76,014.51 crore last week. Last week, HDFC Bank was the biggest gainer in terms of market cap. In the week ended Friday, market valuations of Reliance Industries (RIL), Hindustan Unilever (HUL), HDFC (HDFC), ITC (ITC), Kotak Mahindra Bank (Kotak Mahindra Bank) and ICICI Bank (ICICI Bank) rose. On the other hand, the market capitalization of Tata Consultancy Services (TCS), Bharti Airtel and Infosys declined. HDFC Bank’s market capitalization rose by Rs 61,612.11 crore to Rs 5,21,660.14 crore during the week under review.
ICICI Bank’s market cap increased by Rs 26,487.04 crore to Rs 2,15,029.01 crore. HDFC’s market capitalization increased by Rs 24,733.64 crore to Rs 2,87,407.32 crore.

Last week, the market capitalization of Reliance Industries (RIL) increased by Rs 21,300.4 crore to Rs 9,28,849.39 crore. Hindustan Unilever’s market valuation increased by Rs 16,093.85 crore to Rs 4,83,262.07 crore. The market position of ITC rose to Rs 2,42,710.11 crore with an increase of Rs 13,644.38 crore during the same period. The market capitalization of Kotak Mahindra Bank increased by Rs 12,143.09 crore to Rs 2,34,192.24 crore for the week ended on Friday.

At the same time, the market valuation of Bharti Airtel decreased by Rs 22,149.56 crore to Rs 3,01,364.99 crore in the same period. TCS lost Rs 17,786.3 crore in the previous week in terms of market capitalization and the company’s market valuation dropped to Rs 7,39,801.41 crore. Infosys’ market capitalization declined by Rs 375.34 crore to Rs 2,94,453.42 crore. Reliance Industries (RIL) ranked first among the top ten Sensex companies in terms of market cap during the week. RIL was followed by TCS, HDFC Bank, Hindustan Unilever, Bharti Airtel, Infosys, HDFC, ITC, Kotak Mahindra Bank and ICICI Bank respectively.

Jason Amato

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