The market cap of eight of the top ten companies of the BSE Sensex (BSE-SENSEX) increased by Rs 1,52,355.03 crore last week. HDFC Bank and then SBI benefited the most. The market cap of HDFC Bank increased by Rs 46,348.47 crore and it increased to Rs 9,33,559.01 crore. At the same time, the market cap of State Bank of India increased by Rs 29,272.73 crore to Rs 4,37,752.20 crore. The market cap of Reliance Industries rose by Rs 18,384.38 crore to reach 17,11,554.55 crore.
Strong increase in the market cap of banks
The market cap of ICICI Bank rose by Rs 16,860.76 crore to Rs 5,04,249.13 crore. However, the market cap of Kotak Mahindra Bank increased by Rs 15,944.02 crore to Rs 3,43,934.41 crore. The market cap of Bajaj Finance increased by Rs 7,526,82 crore to Rs 4,74,467.41 crore. The market cap of Hindustan Unilever Limited increased by Rs 1,997.15 crore to Rs 6,22,359.73 crore.
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The fall in the market cap of these companies
The market cap of Tata Consultancy Services declined by Rs 1,19,849.27 crore to Rs 13,35,838.42 crore this week. On Monday, the company’s shares had fallen by more than six percent due to the company’s results not coming as expected. The market cap of Infosys declined by Rs 3,41,4,71 crore to Rs 7,27,692.41 crore. Shares of TCS had fallen six per cent on Monday. The reason for not meeting the market expectations was the fall in the shares of TCS.
The valuation of Infosys also registered a decline. It declined by Rs 3414.71 crore to Rs 7,27,692.41 crore. Reliance Industries remains at the top in terms of market cap. After this is the number of TCS. Infosys, Hindustan Unilever, HDFC, ICICI Bank, Bajaj Finance, SBI and Kotak Mahindra are followed in a sequential manner.
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