TCS Market Cap: The market cap of six of the top 10 most valuable companies in the country increased by Rs 2,03,116.81 crore last week. Tata Consultancy Services and HDFC Bank were the biggest gainers in this. Last week, the BSE Sensex rose 1,906 points and the NSE Nifty rose 546 points. During this period, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys and State Bank of India registered gains. On the other hand, Bharti Airtel, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever faced a decline.
Whose market cap increased by how much?
During the week under review, the market cap of TCS rose by Rs 62,574.82 crore to Rs 16,08,782.61 crore. HDFC Bank added Rs 45,338.17 crore, taking its market valuation to Rs 14,19,270.28 crore. Infosys' valuation rose by Rs 26,885.8 crore to Rs 7,98,560.13 crore and Reliance Industries' valuation rose by Rs 26,185.14 crore to Rs 17,75,176.68 crore.
SBI gains Rs 22,311 crore
The market cap ofthe State Bank of India (SBI) rose by Rs 22,311.55 crore to Rs 7,71,087.17 crore. Similarly, the market cap of ICICI Bank rose by Rs 19,821.33 crore to Rs 9,37,545.57 crore. However, during this period, the market cap of Bharti Airtel fell by Rs 16,720.1 crore to Rs 9,10,005.80 crore and the market cap of ITC fell by Rs 7,256.27 crore to Rs 5,89,572.01 crore.
Foreign investors (FPIs) bought heavily in the Indian stock market last week, which has been facing huge ups and downs in the last two months. Foreign investors have made a strong comeback in the Indian stock market with a net investment of Rs 24,454 crore in the first week of December. Earlier, foreign portfolio investors (FPIs) had made huge withdrawals of Rs 21,612 crore in November and Rs 94,017 crore in October.
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