The shareholders who invested money in the listed companies got huge profits.
New Delhi: Last week proved to be a great week for the stock market as Sensex and Nifty created history by breaking a few records, and due to this the shareholders who invested money in the listed companies in the market also got huge profits.
There was a jump in the market capitalization of 6 out of the top-10 companies of Sensex and especially the banking stocks saw a stormy rise. This can be gauged from the fact that investors of only two banks earned more than Rs 1 lakh crore in just 5 days.
Sensex creates history
First of all, let us talk about the rise in the stock market. Last week the 30-share Sensex of Bombay Stock Exchange (BSE) gained 1,653.37 points or 1.99 percent.
On the last trading day on Friday, Sensex closed at the level of 84,544.31 with a huge jump of 1,359.51 points, before which it had climbed 1,509.66 points and touched its all-time high level of 84,694.46. Meanwhile, the market value of six top 10 Sensex companies jointly increased by Rs 1,97,734.77 crore.
Investors of these two banks earned lot
Last week, ICICI Bank and HDFC Bank remained on top in terms of providing maximum earnings to their investors.
On one hand, the market value (ICICI Bank MCap) of ICICI Bank increased to Rs 9,44,226.88 crore and accordingly the wealth of investors increased by Rs 63,359.79 crore in just five days whereas the market value of HDFC Bank (HDFC Bank Market Cap) increased by Rs 58,569.52 crore to Rs 13,28,605.29 crore.