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Market capitalization of nine out of ten largest companies grew by 3.65 trillion rupees, TCS showed growth
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Market capitalization of nine out of ten largest companies grew by 3.65 trillion rupees, TCS showed growth

Last week, the BSE Sensex index demonstrated significant growth, increasing by 2,256.94 points, which accounts for 3.11 percent, while the NSE Nifty index rose by 625.7 points, or 2.77 percent.

The total market value of nine of the ten most expensive companies increased by 3.65 trillion rupees over the past week. Among the main beneficiaries of this growth were TCS, Bharti Airtel, and Infosys, reflecting an overall upward trend in the stock market.

Ponmudi R, CEO of the online trading and wealth technology platform Enrich Money, noted that Indian stock markets continued their recovery throughout the week. The Nifty-50 and Sensex indices reached their strongest weekly performance in approximately the last six months. Nifty-50 grew by approximately 2.8 percent, while Sensex increased by approximately 3.1 percent.

This market rally was primarily driven by the sharp recovery of IT stocks following the release of encouraging results for the September quarter, as well as renewed interest in purchasing several large-cap stocks.

Among the companies that showed growth were Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, Tata Consultancy Services (TCS), State Bank of India, Bajaj Finance, Life Insurance Corporation of India (LIC), and Infosys. The only company that lagged was Larsen & Toubro.

TCS's market value increased by 108,542.63 crore rupees, reaching 891,134.96 crore rupees, marking the largest increase among the top 10 firms. Bharti Airtel added 61,406.53 crore rupees, bringing its valuation to 1,188,815.45 crore rupees.

Infosys's value increased by 55,893.05 crore rupees, totaling 471,409.41 crore rupees, and Reliance Industries' valuation soared by 53,047.56 crore rupees, reaching 1,637,437.19 crore rupees.

HDFC Bank's market capitalization grew by 32,379.05 crore rupees, reaching 1,122,628.07 crore rupees, and ICICI Bank increased its capitalization by 30,769.95 crore rupees, reaching 1,002,871.44 crore rupees. Bajaj Finance raised its valuation by 14,786.65 crore rupees, reaching 611,326.72 crore rupees, while LIC increased by 4,933.5 crore rupees, amounting to 502,204.82 crore rupees.

State Bank of India's capitalization advanced by 3,323.07 crore rupees, reaching 887,722.84 crore rupees. However, Larsen & Toubro's market capitalization decreased by 9,232.26 crore rupees, settling at 499,725.06 crore rupees.

Reliance Industries maintained its status as the most valuable domestic company, followed by Bharti Airtel, HDFC Bank, ICICI Bank, TCS, State Bank of India, Bajaj Finance, LIC, Larsen & Toubro, and Infosys.

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Investors earned over 400,000 crore rupees in the stock market after sharp index rises
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Investors earned over 400,000 crore rupees in the stock market after sharp index rises

On Tuesday, the Indian stock market proved favorable for investors. The last hour of trading was particularly significant when news emerged that caused a rapid rise in both the Sensex and Nifty indices.

The Bombay Stock Exchange (BSE) showed an impressive increase in its Sensex index by more than 1100 points, surpassing the 73,000 mark. Meanwhile, the Nifty index of the National Stock Exchange (NSE) suddenly crossed the 22,700 mark, demonstrating a jump of more than 350 points.

Thanks to this strong growth in the stock market, investors were able to realize significant profits, earning over 400 million crore rupees.

Trading on the stock market on Tuesday began with some sluggishness. The BSE Sensex opened at 71,951, slightly above the previous close of 71,924. However, as trading progressed, the pace of Sensex growth increased. By noon, at half past two, the index was trading around 72,600, but then began to rise rapidly. In the end, the Sensex closed at 73,033.78, showing an increase of 1109 points or 1.54%.

The NSE Nifty followed the example of the Sensex. It opened at 22,364, which was identical to Monday's closing level (22,363). But its momentum also accelerated as trading volume increased. At the end of the session, NSE Nifty closed at 22,721.95, demonstrating a rise of 358 points or 1.60%.

The sharp surge in the last hour of trading allowed investors to make substantial profits. This is evidenced by the growth in the aggregate market capitalization of companies listed on the Bombay Stock Exchange. By the time trading closed on Tuesday, the BSE market capitalization stood at 470,07,567.40 crore rupees, compared to 465,91,974.21 recorded on the previous business day. According to calculations, investors earned 415,593 crore rupees.

The reason for this acceleration of Sensex and Nifty was news announced by Finance Minister Nirmala Sitharaman. During the event, she made an important statement regarding taxes on long-term capital gains (LTCG) and short-term capital gains (STCG). She emphasized the government's readiness to carefully listen to investor concerns and feedback regarding the LTCG structure.

This statement by the Finance Minister was perceived as a serious signal for investors and market stakeholders, especially considering the constant demands from investors and market experts for the abolition or revision of the LTCG tax before the budget. Earlier, under Budget-2024, the Modi government had increased the LTCG tax on stocks to 12.5%, which caused concern among some stock market participants.

Amidst the strong growth on Tuesday, several stocks showed outstanding performance, bringing significant profits to their owners. Among them, in the category of large BSE companies were HCL Tech Share (growth of 8.28%), TCS Share (growth of 6.59%), Tech Mahindra Share (growth of 4.90%), Infosys Share (growth of 4.44%), HUL Share (growth of 2.94%), and Trent Share (growth of 2.61%).

Additionally, in the mid-cap company category, there was growth in Mphasis Share (growth of 5.18%), Coforge Share (growth of 4.46%), Phonix Share (growth of 3.92%), and Persistent Share (growth of 3.86%).

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