By Admin 
Market Capitalization Increase: Last week there was a tremendous rise in the stock market. The country’s big companies got the direct benefit of the strengthening. An increase of about Rs 4.55 lakh crore was recorded in the market cap of 8 companies included in the top 10. The name of Reliance Industries was at the forefront of this growth. Which left other companies behind.
During the week, the major benchmark index BSE Sensex closed with a gain of 2,857.46 points. Due to this positive trend of the market, investors got the opportunity to earn huge profits. Due to which his total wealth has increased.
These companies made huge profits
The impact of the stock market boom was clearly visible on the big companies of the country. A good increase in the market value of Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, LIC and Hindustan Unilever, included in the top-10, was recorded. The confidence of investors also strengthened due to the rise in the shares of these companies.
Reliance Industries got the most benefit from this boom. The market cap of the company increased by about Rs 1.42 lakh crore. Due to which its total market cap increased to approximately Rs 19.63 lakh crore. This growth shows the company’s strong position in the market.
Pressure visible on IT shares
While there was a rise in the shares of many big companies, this week was not so good for the IT sector. During this period, a huge decline of about Rs 88,173 crore was recorded in the market value of the country’s leading IT company TCS. Due to which investors had to suffer losses.
Along with TCS, Infosys shares also remained under pressure. The market cap of the company decreased by approximately Rs 63,463 crore.
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