There was a buying sentiment in the stock market for the week. In 5 trading days, the Sensex closed at 53,140 on July 16, up 753.87 points or 1.43%. Due to this the market cap of 6 companies included in the top-10 increased by about 70 thousand crores. Reliance Industries was at the forefront in this.
Reliance’s Market Cap Increased by 25 Thousand Crores
According to exchange data, the marketcap of Reliance Industries has increased by Rs 24,470.25 crore to Rs 13 lakh 38 thousand 763.60 crore. In this respect, Reliance is the largest company in the country. Similarly, the marketcap of ICICI Bank has increased by Rs 14,966.52 crore to Rs 4 lakh 57 thousand 268 crore.
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The market cap of HDFC Bank, the country’s largest private bank, has increased by Rs 10,998.18 crore, which stood at Rs 8 lakh 41 thousand crore when the market closed on Friday. The marketcap of HDFC of the same group has increased by Rs 7,259.12 crore to Rs 4 lakh 58 thousand 109.66 crore.
State Bank and Kotak Mahindra Bank Gain in Market Cap
The market value of Kotak Mahindra Bank has increased by Rs 6,027 crore to Rs 3 lakh 47 thousand 027 crore. Similarly, the market cap of State Bank increased by Rs 5,890.25 crore. On the other hand, the marketcap of Hindustan Unilever has come down by Rs 8,223.56 crore to Rs 5 lakh 67 thousand 331.72 crore. Similarly, the market value of TCS has also declined by Rs 4,845.75 crore. It has become 11 lakh 81 thousand 717.45 crores.
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Infosys and Bajaj Finance Lose Market Value
Apart from HUL and TCS, the market cap of two more companies included in the top-10 has decreased. The marketcap of Bajaj Finance has come down by Rs 570.4 crore to Rs 3 lakh 69 thousand 810.18 crore. Similarly, the marketcap of Infosys has also come down by Rs 3,642.4 crore to Rs 6 lakh 62 thousand 287.84 crore.
