Business

Share market investors became rich this week, only Reliance got profit of 94 thousand crores

Share market investors became rich this week, only Reliance got profit of 94 thousand crores

The market cap of Reliance reached close to 17 lakh crores.

The market capitalization (market cap) of eight of the top ten Sensex companies collectively increased by Rs 2,32,800.35 crore last week. Reliance Industries and Tata Consultancy Services (TCS) were the top gainers. Last week, the 30-share BSE Sensex was up 1,293.48 points or 2.20 per cent. The Sensex crossed the 60,000 mark on Friday.

The market capitalization of Reliance Industries increased by Rs 93,823.76 crore to Rs 16,93,170.17 crore in the reporting week. The market valuation of TCS stood at Rs 14,55,687.69 crore with a jump of Rs 76,200.46 crore. During this period, the market position of Infosys increased by Rs 24,857.35 crore to Rs 7,31,107.12 crore and that of Bajaj Finance by Rs 12,913.91 crore to Rs 4,66,940.59 crore. HDFC Bank’s market valuation rose by Rs 10,881.09 crore to Rs 8,87,210.54 crore during the week.

7400 crore profit to ICICI Bank

The market capitalization of ICICI Bank increased by Rs 7,403.24 crore to Rs 4,87,388.37 crore. Similarly, the market position of State Bank of India increased by Rs 5,310.14 crore to Rs 4,08,479.47 crore and that of HDFC rose by Rs 1,410.4 crore to Rs 4,91,841.14 crore.

Loss of about 15 thousand crores to Hindustan Unilever

Contrary to this stance, Hindustan Unilever Ltd. The market capitalization of Rs 14,614.46 crore declined to Rs 6,20,362.58 crore. The valuation of Kotak Mahindra Bank declined by Rs 11,697.38 crore to Rs 3,83,866.29 crore.

Reliance’s market cap is close to 17 lakh crores

In the list of top ten companies, Reliance Industries retained the top spot followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, Bajaj Finance, SBI and Kotak Mahindra Bank respectively.

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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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