In a week filled with earthquakes and huge volatility on the bourses, the BSE market cap stood at Rs. 1,01,82,407 crore, while the combined market cap of top seven companies rose by Rs. 34,645.72 crore last week.
In a week filled with earthquakes and huge volatility on the bourses, the BSE market cap stood at Rs. 1,01,82,407 crore, while the combined market cap of top seven companies rose by Rs. 34,645.72 crore last week.
Markets started off the week on a high as domestic funds were seen lapping up stocks and some extent of short covering provided the market with the much needed respite. However, come Tuesday and indices fell sharply after the Indian currency weakened against the US Dollar.
Stocks which saw their market cap surge include ONGC, HDFC Bank, CIL, Sun Pharmaceutical, Infosys, SBI and HDFC. Those which lost weight among the top 10 Sensex companies were TCS, RIL and ITC.
While SBI’s market cap skyrocketed by Rs. 19,331.66 crore, HDFC saw a rise of Rs. 7,674.51 crore in its market cap.
ONGC gained Rs. 2,395.53 crore and HDFC Bank added Rs. 1,868.34 crore during the week. Coal India Limited managed to add Rs. 1,642.25 crore while Sun Pharma was up by Rs. 1,532 crore. Infosys saw some marginal gains in its market cap with an addition of Rs. 201 crore.
For the week, PSU Bank index surged over 9%, Auto index gained by 4.2%, Bank Nifty gained by 2.5%, Pharma index was up by 1.2%, Small-Cap index gained by 1.1%, FMCG index edged higher by half a percent and Infra index was almost unchanged.
Realty index slipped by 1.6%, Metal index was down by a percent and IT index was slightly lower by half a percent.
No comments:
Post a Comment