This week, the market cap of seven companies in the top-10 of the Sensex increased by 1.16 lakh crore, HDFC Bank got the maximum profit

The market cap of seven of the top 10 companies in the Sensex (BSE Market Cap) climbed by Rs 1,16,048 crore last week. HDFC Bank benefited the most. Last week, the market cap of Hindustan Unilever, ICICI Bank, HDFC, State Bank of India (SBI) and Kotak Mahindra Bank increased. On the other hand, market valuations of Reliance Industries, Tata Consultancy Services (TCS) and Life Insurance Corporation (LIC) declined. HDFC Bank market cap ,HDFC Bank market cap) reached Rs 7,72,514.65 crore with a jump of Rs 39,358.5 crore. Kotak Mahindra Bank’s market capitalization increased by Rs 23,230.8 crore to Rs 3,86,264.80 crore and that of HDFC by Rs 23,141.7 crore to Rs 4,22,654.38 crore.

The market cap of ICICI Bank rose by Rs 21,047.06 crore to Rs 5,14,298.92 crore and that of State Bank of India (SBI market cap) rose by Rs 5,801 crore to Rs 4,18,564.28 crore. Infosys added Rs 2,341.24 crore to its capitalization during the week and its valuation stood at Rs 6,14,644.50 crore. Hindustan Unilever’s valuation increased by Rs 1,127.8 crore to Rs 5,47,525.25 crore.

The market cap of these companies decreased

Contrary to this trend, the market position of Reliance Industries declined by Rs 31,761.77 crore to Rs 17,42,128.01 crore during the week. The valuation of TCS stood at Rs 11,93,655.74 crore with a loss of Rs 11,599.19 crore. LIC’s market position declined by Rs 2,972.75 crore to Rs 5,19,630.19 crore.

Sensex jumps 558 points this week

Last week, the BSE 30-share Sensex was up 558.27 points or 1.02 per cent. In the list of top 10 companies, Reliance Industries remained at the first position. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, LIC, ICICI Bank, HDFC, SBI and Kotak Mahindra Bank.

Global trend will also have an effect

Here, analysts have expressed the opinion that macroeconomic data will decide the direction of the stock markets this week. During the week, many big figures are to come on the domestic front, which will decide the movement of the market. Analysts say that apart from the macroeconomic data, the global trend will also be important for the direction of the market amid inflation concerns. Along with this, market participants will also keep an eye on the attitude of Foreign Portfolio Investors (FPI).

GDP, PMI figures to come

Santosh Meena, Head of Research, Swastika Investmart said, “Many data is to come on the domestic front this week, due to which the market will be very busy. Apart from the GDP growth rate, vehicle sales and PMI figures are also to come during the week. Globally, PMI figures of various countries and unemployment figures of America will also be important from the market point of view. Meena said that in the midst of all these things, the volatility of the dollar index and the price of crude oil will also affect the market. FPIs are still selling. It will be interesting to see if their attitude changes after the improvement in perception.

Market sentiment improved as FPI selling decreased

Vinod Nair, Head of Research, Geojit Financial Services said that the market was able to make up for its losses in the last days of the last week. The market trend improved on favorable US retail sales data and reduced selling of FPIs. What action is taken by the Federal Reserve and the Reserve Bank in June, will depend to a large extent on the market trend going forward. Apart from this, the market participants will also keep an eye on the price of crude oil and the movement of rupee, he said.

Global recession worries

Yesha Shah, Head of Equity Research, Samco Securities, said, “Amidst concerns about a global slowdown, we are eagerly waiting for the GDP data in India. There are many figures to come during the week. In such a situation, it will definitely be a week full of developments.

(Language)