The domestic market recorded good growth last week amid fluctuations in the stock markets across the world. The BSE Sensex has gained 812 and the Nifty has gained 239 points in a week. During this period, the market cap of the top seven companies increased by Rs 1.40 lakh crore. Reliance Industries was at the forefron.
The highest market cap of Reliance Industries is around Rs 13 lakh crore.
According to exchange data, the market cap of Reliance Industries has increased by Rs 74.32 thousand crore to Rs 12.94 lakh crore. In this context, Reliance is the largest company in the country. The company's stock has also risen by 6%. ICICI Bank's market cap has increased by 22.94 thousand crores in a week.
Advantage of growth in IT sector, Infosys market cap increased by 16 thousand crores.
The value of IT sector company Infosys has risen by Rs 15.88 thousand crore to Rs 5.57 lakh crore and Tata Consultancy Services (TCS) has gone up by Rs 12.42 thousand crore to Rs 11.97 lakh crore. The BSE IT index has also gained 502 points, or 1.97%.
HDFC has a market cap of Rs 5 lakh crore. The market cap of Housing Development Finance Corporation Limited (HDFC) has increased by Rs 12.43 thousand crore to Rs 5.02 lakh crore. The market cap of Bajaj Finance has increased by Rs 2.27 thousand crores and the market cap of State Bank of India by Rs 133 crores. Apart from this, the market cap of HDFC Bank has increased by 8 thousand crores, Hindustan Unilever's market cap by 6.68 thousand crores and Kotak Mahindra Bank's market cap by 6.16 thousand crores.
Profit recovery can happen next week.
The total market cap of the companies listed on the BSE has risen by Rs 1.03 lakh crore to Rs 203.92 lakh crore in a week. Market analysts believe that investors' sentiment has changed due to strong rupee and foreign investment. Apart from this, most companies have also released the December quarter results. In such a situation, the movement of the global market will be very important in the coming week. Nirali Shah, Head of Equity Research at SAMCO Securities, says the stock market may remain subdued for some time next week.
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