Stock Market: In 3 days, the wealth of investors of these 10 companies increased by Rs 4 lakh crore

Last week, the stock market witnessed a record rise. The rise recorded in the stock market in this week of just 3 sessions has been the fastest rise since February 2021. During the week, the major indexes rose by more than 4 percent and in these 3 days of trading, the total market value of the country's top 10 companies in terms of market value increased by Rs 3,84,004.73 crore. HDFC Bank and Bharti Airtel were at the forefront in this rise in the stock market.

How was the market performance this week

Last week, the Sensex jumped 4.51 percent to close at 78,553.20, while the Nifty50 gained 4.48 percent to touch 23,851.65. During this period, the BSE's large-cap, mid-cap and small-cap index also registered a gain of more than 4 percent. All sectoral indices closed in the green, with the Nifty Realty and Private Bank index gaining 7 percent. The Nifty Bank index rose 6.4 percent, the PSU Bank index rose 5.6 percent, the Media index rose 5 percent and the Oil & Gas and Auto index rose 4 percent. Where did the market value jump? HDFC Bank was at the forefront in terms of market value growth during the week. The market value of the bank increased by Rs 76,483.95 crore to Rs 14,58,934.32 crore. The value of Bharti Airtel increased by Rs 75,210.77 crore to Rs 10,77,241.74 crore. The market value of Reliance Industries increased by Rs 74,766.36 crore, ICICI Bank by Rs 67,597 crore, State Bank of India by Rs 38,420.49 crore, Tata Consultancy Services by Rs 24,114.55 crore, Bajaj Finance by Rs 14,712.85 crore, ITC by Rs 6,820.2 crore, Infosys by Rs 3,987.14 crore and Hindustan Unilever by Rs 1,891.42 crore. What is the opinion of experts? Religare Broking's Senior Vice President Research Ajit Mishra said that the market witnessed a sharp recovery in the holiday week and it increased by more than 4.5%, due to positive signals received from both domestic and global levels. He also said that this increase was mainly due to the expectations of deferring tariffs and giving discounts on some products, which improved the sentiments among investors. At the same time, as the week progressed, the market was affected by many positive events, such as the possibility of normal monsoon, reduction in retail inflation (which increased the expectation of interest rate cut) and no major negative news from the global markets .

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