RIL M-Cap Increased By Rs 21,459 Crore, HUL M-cap declined
RIL M-Cap increased by Rs 21,459 crore, HUL, and Infosys’s M-cap declined. The market valuation of six of the country’s top ten companies increased by Rs 1,06,523.84 crore last week. The m-cap of ICICI Bank and Kotak Mahindra Bank has seen the highest increase in the past week. The Bombay Stock Exchange Sensitive Index Sensex has gained 2.68 percent or 1,032.59 points in the past week.
Among the top 10 companies in the country in terms of market valuation (m-cap), Reliance Industries Limited (RIL), HDFC Bank (HDFC Bank), HDFC (HDFC), Kotak Mahindra Bank (Kotak Mahindra Bank), Bharti Airtel (Bharti) Airtel) and ICICI Bank (ICICI Bank) M-cap have increased in the past week.
At the same time, HDFC’s market capitalization rose by Rs 14,599.47 crore to Rs 3,37,472.45 crore last week. Bharti Airtel’s market capitalization has increased by Rs 1,936.73 crore last week, taking it to Rs 2,85,625.71 crore.
On the other hand, M-cap of Tata Consultancy Services (TCS), Hindustan Unilever Limited (HUL), Infosys (Infosys), and ITC (ITC) declined last week. ICICI Bank saw the highest jump in M-cap last week. The bank’s M-cap rose by Rs 26,620.32 crore to Rs 2,82,550.05 crore last week.
RIL’s M-cap rose by Rs 21,458.89 crore last week, taking the company’s M-cap to Rs 13,41,164.42 crore. Apart from this, HDFC Bank’s market capitalization increased by Rs 16,547.52 crore to Rs 6,13,598.67 crore.
Talking about the decline in M-cap, HUL’s M-cap has fallen by Rs 11,982.71 crore to Rs 5,05,658.41 crore. At the same time, Infosys’s M-cap has fallen by Rs 5,963.14 crore to Rs 3,98,188.66 crore. Apart from this, TCS’s M-cap has fallen by Rs 4,165.15 crore to Rs 8,39,445.98 crore.
The Nifty has gone beyond our target of 11,600 and therefore, it is necessary to review the market direction in India and the world every week, so that our readers are well aware of the stock market situation. For now, we do not see any reason for any major decline or weakness in the market. Let us now discuss various aspects of the market.
First of all, note that in August alone, FPI has made a purchase of Rs 46,600 crore and so far in the current calendar year, Rs 35,600 crore has been purchased. This is an 8-month net purchase after heavy selling of around Rs 70,000 crore in March and April 2020.
It also means that the market will decline only when there is very bad catastrophic news, such as the Indo-China war and there is no possibility of it, so we do not see any major decline at least in the near future. Of course, small declines cannot be ruled out, which always gives an opportunity to buy.
