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Of the top 10 corporations with the highest worth, 4 cos added Rs. 65,464 crore to the market cap in a week

05 August 20224 mins read by Angel One
Of the top 10 corporations with the highest worth, 4 cos added Rs. 65,464 crore to the market cap in a week
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Surge in M-Cap

In last week’s market evaluation, four out of the top ten most valued companies added a total of Rs. 65,464 crore. The most significant winners over the past trading week were Bharti Airtel and SBI. In the past week, the benchmark for 30-share BSE increased 710 points or 1.21%. On Thursday, for the first time, the Sensex index touched a record high of 59,000.

The gainers were TCS, HDFC Bank, Bharti Airtel, and SBI. Bharti Airtel’s market worth for the week increased Rs. 22,984.14 crore to Rs. 3,89,901.97 crore during the course of the week. SBI added Rs. 19,500.28 in addition to Rs. 4,05,221.99 crore for its market capital.

RIL held its top place in the ranking of the top 10 corporations, followed by TCS, HDFC Bank, HUL, ICICI Bank, Bajaj Finance, and Bharti Airtel.

With Sensex at 59,000, India is now the No. 6 stock market by virtue of m-cap

The wide range of reforms revealed by the Ministry of Telecommunications and the anticipated malfunctioning announcement on Thursday pushed India to new highs with Sensex breaking the mark of 59,000 and Nifty going up to 17,600.

In the course of the past two weeks, Sensex has been on fire, surging in three days from 31 August to 3 September from 57,000 to 58,000 and passing over 59,000 in eight days.

India is currently the sixth largest stock market in the world after overtaking France in market capitalisation for the first time, with the Sensex benchmark increasing by more than 23%. The Sensex and the Nifty have risen to their record peak in last week’s trade session, backed by a big increase of about 5 percent among public sector banks and 2 percent for the private sector banks.

Reportedly, the PLI for the automotive sector, increased clarity in telecoms duties with the moratorium announcement and the introduction of Bad Bank warranties have contributed to the growth of the markets.

At 59 141,16, BSE Sensex surged to 0.71%, or 417.96 points. At 17.629.50, 110,05 points, or 0.63 percent, the Niftian hit a closing high.

Purchasers turn FIIs

The fundamental reason for the surge is the reforms underway that improve the feeling of people who are investing in India. For instance, after five months of space, the FIIs are back. The foreign institutional investors turned buyers, taking shares worth around 1621,88 crore on Thursday after months of remaining sellers.

Overall, emerging markets are also affected by the fall of China’s markets.


Frequently Asked Questions (FAQs)

Is the market capitalisation the same as the market value?

No, the market capitalisation is not the same as the market value. The number of outstanding shares of a corporation multiplied by the current price of a single share equals market capitalization. Market value is more fluid and sophisticated, with several metrics and multiples such as price-to-earnings, price-to-sales, and return-on-equity used to assess it.

Which is India’s largest company by market capitalisation?

Reliance Industries Ltd, according to BSE data, is India’s largest company by market capitalisation. Its market cap stands at Rs 1515380.48 crore.

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