Investors in Reliance and HUL made a profit of 58000 crores, and ITC made a loss

Market Cap The buying trend was seen in the Indian stock market last week. Reliance Industries Hindustan Unilever TCS HDFC Ltd ICICI Bank Bharti Airtel and HDFC Bank have gained in market valuation. 

May 14, 2023 - 14:35
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Investors in Reliance and HUL made a profit of 58000 crores, and ITC made a loss

The last trading week was profitable for the Indian stock market. Eight of the top 10 companies by market valuation have combined to add Rs 1,26,579.48 crore. Reliance Industries, Hindustan Unilever Limited, HDFC Bank, TCS, and HDFC Limited have benefited the most from this.
During this period, the Bombay Stock Exchange (BSE) index BSE gave a return of 973.61 points or 1.59 percent and closed at 62,027.90 points. Buying has been seen in banking, auto, and chemical companies. At the same time, the trend of buying from foreign investors has also been seen. Among the top 10 companies, only ITC and Infosys declined in valuation last week.
Reliance Industries market capitalization increased by Rs 28,956.79 crore to Rs 16,80,644.12 crore, Hindustan Unilever's market capitalization increased by Rs 28,759 crore to Rs 6,16,391.77 crore, HDFC Bank's market capitalization increased by Rs 23,590.05 crore to Rs 9,31,095.12 crore, TCS's market valuation increased by Rs 15,697.3 3 crores to Rs 11,97,881.94 crore, HDFC's market capitalization rose by Rs 13,893.03 crore to Rs 5,09,434.44 crore and ICICI Bank's market cap increased by Rs 11,946.89 crore to Rs 6,59,479.70 crore.
The market valuation of Bharti Airtel rose by Rs 2,174.58 crore to Rs 4,41,327.80 crore and that of State Bank of India rose by Rs 1,561.81 crore to Rs 5,15,931.82 crore.
The m-cap of ITC declined Rs 10,439.53 crore to Rs 5,22,536.01 crore and that of Infosys declined Rs 5,600.92 crore to Rs 5,16,757.92 crore.
Reliance Industries is at the top of the top 10 companies. It is followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, ITC, Infosys, State Bank of India, HDFC, and Bharti Airtel.

Muskan Kumawat Journalist & Writer