New Delhi. There was a huge jump of Rs 2.72 lakh crore in the market capitalization (Market Cap) of the top 10 companies of the Sensex. Market valuations of the top 10 Sensex companies rose significantly on strong buying amid a bullish trend in global markets. The 30-share BSE Sensex was up 2,313.63 points or 4.16 per cent in a 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 rose by Rs 2,72,184.67 crore amid a bullish trend in the broader market. The market capitalization of Reliance Industries rose by Rs 54,904.27 crore to Rs 16,77,447.33 crore.
The market valuation of information technology companies Tata Consultancy Services (TCS) and Infosys Technologies collectively increased by Rs 41,058.98 crore. The market capitalization of TCS rose by Rs 27,557.93 crore to Rs 13,59,475.36 crore in the week under review. 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. There was a strong jump in the market valuation of country’s top banks HDFC Bank, ICICI Bank and State Bank of India (SBI).
HDFC Bank’s market valuation rose by Rs 46,283.99 crore to Rs 8,20,747.17 crore. SBI’s market capitalization rose by Rs 27,978.65 crore to Rs 4,47,792.38 crore and that of ICICI Bank rose by Rs 29,127.31 crore to Rs 5,00,174.83 crore. Hindustan Unilever’s market position 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, up by Rs 22,311.87 crore.
HDFC’s market capitalization stood at Rs 4,37,859.67 crore, up by Rs 33,438.47 crore. During the week, telecom giant Bharti Airtel’s market position jumped by Rs 15,377.68 crore to Rs 3,96,963.73 crore. Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, SBI, HDFC, Bajaj Finance and Bharti Airtel respectively.