Last week was full of ups and downs for the stock market. At one point the market crashed, while the very next day it was seen trading at a rapid pace. However, despite this turmoil that lasted the whole week, the 30-share Sensex of the Bombay Stock Exchange was up by 728 points. Meanwhile, the market value of six of the top 10 companies of Sensex rose and the biggest gainer among them was the country’s largest insurance company LIC. LIC investors earned about Rs 45,000 crore in just five days.
LIC investors are in for a treat
The past week has proved to be a great one for the stock market despite the ups and downs. The market cap of six of the top 10 most valuable companies of the Sensex has risen by a combined Rs 1,85,186.51 crore. The first among the six companies that have showered money on their investors by earning a lot of money during this period is Life Insurance Corporation of India (LIC). According to PTI, the market cap of LIC rose to Rs 7,46,602.73 crore during the five-day trading. According to this, those who invested in LIC shares have earned Rs 44,907.49 crore. Last Friday, LIC’s share closed at Rs 1190, up 2.51 percent.
These companies earned money
Apart from LIC, among the companies that made their investors profitable, tech giant Infosys was at the second position. Infosys Market Cap increased by Rs 35,665.92 crore to Rs 7,80,062.35 crore. Along with this, ITC added Rs 35,363.32 crore and ITC MCap increased to Rs 6,28,042.62 crore. The market value (TCS Market Value) of Tata Group’s IT company Tata Consultancy Services jumped by Rs 30,826.1 crore and reached Rs 15,87,598.71 crore.
HDFC investors also benefited
Telecom giant Bharti Airtel also remained ahead in terms of making money for investors during the five-day trading of last week. Airtel Market Value has increased by Rs 30,282.99 crore and market capitalization has increased to Rs 8,62,211.38 crore. Apart from this, the market cap of the largest private sector bank HDFC Bank increased by Rs 8,140.69 crore to Rs 12,30,842.03 crore.
Reliance made a huge loss
Now let’s talk about the companies in which investors have suffered huge losses last week. So, at the top of this list was Reliance Industries Limited, the company of Asia’s richest man Mukesh Ambani. Reliance MCap saw a huge drop of Rs 62,008.68 crore and it came down to Rs 20,41,821.06 crore. At the same time, ICICI Bank MCap decreased by Rs 28,511.07 crore to Rs 8,50,020.53 crore, while SBI Market Cap decreased by Rs 23,427.1 crore to Rs 7,70,149.39 crore. The market value of Hindustan Unilever has also decreased and it has come down to Rs 6,37,150.41 crore with a decrease of Rs 3,500.89 crore.
Reliacne tops in market value
Even though the market capitalization of Mukesh Ambani’s company Reliance Industries has decreased, RIL still occupies the first place in terms of market value in the list of top 10 companies of Sensex. It is followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, LIC, Hindustan Unilever and ITC respectively.
(Note- Before making any investment in the stock market, please consult your market experts.)