Last week's market surge benefited seven companies, including Reliance and TCS, while HDFC Bank faced significant losses. Reliance Industries gained ₹66,985 crore.
Stock Market: The Indian stock market demonstrated a b performance last week, despite some fluctuations. The Sensex and Nifty witnessed significant gains, benefiting seven out of the top ten companies. Reliance and TCS investors saw particularly b returns, while some companies, including HDFC Bank, experienced losses.
Significant Gains in Sensex and Nifty
Last week, the BSE Sensex rose by 1,134.48 points (1.55%), while the NSE Nifty closed with a gain of 427.8 points (1.93%). During this period, the market capitalization of seven of the top ten Sensex companies increased by ₹2.10 lakh crore.
Reliance Industries Delivers Significant Returns for Investors
Mukesh Ambani's Reliance Industries was the biggest gainer last week. A 5.28% surge in the company's share price over five days resulted in a remarkable ₹66,985 crore gain for investors.
- On Friday, Reliance shares opened at ₹1,216 and reached ₹1,254.80.
- At the close of trading, it ended at ₹1,246, a 3.04% increase.
- The company's market capitalization reached ₹16,90,328 crore.
TCS Reclaims Second Position
Tata Consultancy Services (TCS), the Tata Group's IT company, had an excellent week. The company added ₹46,094 crore to its market value, reclaiming its position as India's second-largest company by market capitalization.
- TCS's market cap surpassed HDFC Bank, reaching ₹13,06,599 crore.
- Previously, HDFC Bank had overtaken TCS, but TCS has now regained its position.
Other Companies Also Benefit Significantly
Besides Reliance and TCS, several other companies delivered b returns for their investors:
State Bank of India (SBI) – ₹39,714 crore increase, total market cap ₹6,53,951 crore.
Bharti Airtel – ₹35,276 crore increase, total market cap ₹9,30,269 crore.
ITC – ₹11,425 crore increase, total market cap ₹5,05,293 crore.
ICICI Bank – ₹7,939 crore increase, total market cap ₹8,57,743 crore.
Hindustan Unilever (HUL) – ₹2,819 crore increase, total market cap ₹5,17,802 crore.
Significant Setback for HDFC Bank
While many companies thrived, some experienced losses, with HDFC Bank facing the most significant setback.
- The bank's market cap fell by ₹31,832 crore to ₹12,92,578 crore.
- Bajaj Finance and Infosys experienced losses of ₹8,535 crore and ₹955 crore, respectively.
Reliance Remains the Largest Company
Reliance Industries maintained its top position. Following Reliance in the top-10 list were TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, Bajaj Finance, Hindustan Unilever, and ITC.
