Share Market / Big giants dominate the market, 7 companies have earned more than 1 lakh crore

Share Market: Amidst the volatility in the Indian stock market last week, 7 of the top 10 companies of the country performed well. The market cap of these seven companies saw a combined increase of Rs 1,06,250.95 crore. Bajaj Finance and Mukesh Ambani's Reliance Industries were at the forefront of this rally. At the same time, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India (SBI), and Life Insurance Corporation of India (LIC) also made good profits. On the other hand, the market cap of three companies—Tata Consultancy Services (TCS), Infosys, and Hindustan Unilever—combinedly declined by Rs 29,731.4 crore.

Experts believe that companies in the FMCG and auto sectors may get special benefits after GST reforms. Let us analyze in detail the stock market performance of last week and the changes in the market cap of the companies in this article.

Stock market performance

Last week, the Bombay Stock Exchange (BSE)'s key index Sensex closed with a gain of 901.11 points or 1.12%. At the same time, the National Stock Exchange (NSE)'s Nifty 50 also showed strength with a jump of 314.15 points or 1.28%. Despite this boom, some companies suffered losses, while some further strengthened their position in the market.

Ranking of top 10 companies

Even after the change in market cap, Reliance Industries remained the most valuable company in the country. It was followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Hindustan Unilever, Infosys, Bajaj Finance, and LIC respectively.

Which companies benefited?

1. Bajaj Finance

Bajaj Finance, the country's largest non-banking financial company (NBFC), performed brilliantly. Its market cap increased by Rs 37,960.96 crore to Rs 5,83,451.27 crore.

2. Reliance Industries

Mukesh Ambani's Reliance Industries also maintained its dominance in the market. The company's market cap increased by Rs 23,343.51 crore to Rs 18,59,767.71 crore.

3. HDFC Bank

The market cap of the country's largest private bank HDFC Bank increased by Rs 17,580.42 crore to Rs 14,78,444.32 crore.

4. Life Insurance Corporation of India (LIC)

The country's largest insurance company LIC also performed well. Its market cap increased by Rs 15,559.49 crore to Rs 5,54,607.42 crore.

5. State Bank of India (SBI)

The market cap of the largest public sector bank SBI increased by Rs 4,246.09 crore to Rs 7,44,864.69 crore.

6. Bharti Airtel

The market cap of telecom giant Bharti Airtel increased by Rs 4,134.02 crore to Rs 10,81,347.25 crore.

7. ICICI Bank

The country's second largest private bank ICICI Bank was also not far behind. Its market cap increased by Rs 3,426.46 crore to Rs 10,01,717.42 crore.

Which companies suffered losses?

1. Tata Consultancy Services (TCS)

The country's largest IT company TCS suffered losses. Its market cap fell by Rs 13,007.02 crore to Rs 11,02,955.89 crore.

2. Infosys

The market cap of Infosys, another giant of the IT sector, fell by Rs 10,427.47 crore to Rs 6,00,036.47 crore.

3. Hindustan Unilever

The market cap of Hindustan Unilever, a giant of the FMCG sector, fell by Rs 6,296.91 crore to Rs 6,18,694.37 crore.

Future of the market

Experts say that companies in the FMCG and auto sectors may get special benefits after GST reforms. These reforms are expected to improve the supply chain and reduce costs, which may affect the market cap of companies in these sectors. Apart from this, the recent boom in the stock market is increasing investor confidence, but it is important to keep an eye on global and domestic economic factors.