Will the stock market set a new record? Major companies together earned 1.38 lakh crore rupees
Nine of the top 10 companies in the stock market have seen significant increases in their market cap. Together, these nine companies have earned ₹1.38 lakh crore from the stock market. The biggest gainer was the country's largest company, Reliance Industries, whose market cap increased by more than ₹39,700 crore.
The stock market is seeing a gain of over one percent. The Sensex is just 300 points away from its lifetime high. The Nifty, with a gain of 327 points, is also just a short distance away from its lifetime high.
Previously, a similar surge was seen in the stock market following the exit polls for the Bihar Assembly elections. This surge has resulted in significant gains for the country's leading companies.
Nine of the top 10 companies in the stock market have seen significant increases in their market cap. Together, these nine companies have earned ₹1.38 lakh crore from the stock market.
The biggest gainer was Reliance Industries, the country's largest company, with a market cap increase of over ₹39,700 crore. Meanwhile, Airtel, one of the country's largest telecom companies, has suffered a loss of over ₹34,600 crore. Let us tell you how much profit and loss each company has incurred.
9 out of the top 10 companies in the country benefited
- Shares of Reliance Industries, the country's largest company, have seen a surge. Its market cap has increased by ₹39,717.81 crore to ₹21,22,500.67 crore. The company's valuation at the close of the stock market a day earlier was ₹20,82,782.86 crore.
- Shares of HDFC Bank, the country's largest private lender, saw gains, with its market cap rising by ₹21,762.4 crore to ₹15,44,129.75 crore. A day earlier, its market cap was ₹15,22,367.35 crore.
- Shares of TCS, the country's largest IT company, rose by ₹19,971.84 crore to ₹11,48,742.79 crore, compared to ₹11,28,770.95 crore a day earlier.
- Shares of Bajaj Finance, the country's largest non-banking financial company, rose by ₹16,676.26 crore to ₹630,213.23 crore, after a rally in its market cap. A day earlier, the company's market cap was ₹613,536.97 crore.
- Following a rally in the shares of the country's largest public sector bank, SBI, its market cap rose by ₹14,676.67 crore to ₹9,22,230.99 crore. A day earlier, the bank's market cap was ₹9,07,554.32 crore.
- Shares of India's second-largest private lender, ICICI Bank, rose by ₹9,970.7 crore to ₹9,80,630.75 crore, up from ₹9,70,660.05 crore a day earlier.
- Shares of Infosys, the country's largest IT company, rose by ₹9,555.13 crore to ₹6,45,178.53 crore, compared to ₹6,35,623.40 crore a day earlier.
- Following a rally in the shares of LIC, the country's largest public sector insurance company, its market cap rose by ₹2,909.49 crore to ₹570,641.28 crore. A day earlier, the company's market cap was ₹567,731.79 crore.
- Shares of HUL, the country's largest FMCG company, rose by ₹2,749.03 crore to ₹569,916.86 crore, compared to ₹567,167.83 crore a day earlier.
- Shares of Airtel, one of the country's largest telecom companies, saw a significant decline on Wednesday. As a result, the company's market cap fell by ₹34,640.29 crore during the trading session, reaching ₹11,97,442.12 crore. The company's valuation was ₹12,32,082.41 crore a day earlier.