SBI Life, SBI, 3 other Nifty stocks made investors richer by more than Rs 1 lakh crore in just a week; have these shares in your portfolio? | Market News
Share Market News: As domestic equity benchmarks Nifty50 and Sensex registered mild weekly gains, a few blue-chip stocks - including SBI Life, SBI, Infosys and HUL - clocked gains to the tune of 3-5 per cent. Read on to know more about the top-performing index heavyweights last week.
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Share Market News: Despite Friday's sell-off, domestic equity benchmarks eked out mild weekly gains. Five few blue-chip stocks - including SBI, SBI Life and HUL - registered weekly gains to the tune of 3-5 per cent, making investors wealthier by Rs 1,08,871.1 crore, according to provisional exchange data.
Here's a summary of 5 biggest changes in the market values of blue-chip stocks in the trading week gone by:
SBI Life shares made investors richer by Rs 8,458 crore in a week
SBI Life Insurance Company (SBILIFE) shares registered a weekly gain of 5.4 per cent, with the life insurer - a subsidiary of the country's largest lender SBI - gaining Rs 8,458.3 crore in market capitalisation (mcap).
According to provisional exchange data. SBI Life's market value increased to Rs 1,64,934.7 crore at the end of the July 15-19 trading week, from Rs 1,56,476.4 crore a week ago.
Infosys stock made investors richer by Rs 33,569 crore in a week
Infosys - the country's second largest IT firm - made investors wealthier by Rs 33,569.2 crore as its market value increased to Rs 7,44,396.4 crore from Rs 7,10,827.3 crore a week ago.
ONGC stock made investors richer by Rs 15,977 crore in a week
PSU oil and gas explorer ONGC helped investors gain Rs 15,977 crore as its market value increased to Rs 4,02,128.6 crore from Rs 3,86,151.7 crore a week ago.
Hindustan Unilever Ltd (HUL) shares made investors wealthier by Rs 24,494 crore in a week
Hindustan Unilever (HINDUNILVR) shares helped investors gain Rs 24,494.5 crore in wealth during the week as the private sector FMCG giant's market cap (mcap) increased to Rs 6,40,651.3 crore from Rs 6,16,156.8 crore a week ago.
SBI shares made investors richer by Rs 26,372 crore in a week
State Bank of India (SBI) shares clocked a weekly gain of 3.5 per cent, translating to an increase of Rs 26,372.2 crore in the PSU lender's market value to Rs 7,93,576.5 crore from Rs 7,67,204.3 crore.
| Nifty 50 Stock | Values in crore rupees | ||
| Weekly gain in market value | Mcap on July 19 | Mcap on July 12 | |
| SBI Life | 8,458.3 | 1,64,934.7 | 1,56,476.4 |
| Infosys | 33,569.2 | 7,44,396.4 | 7,10,827.3 |
| ONGC | 15,977 | 4,02,128.6 | 3,86,151.7 |
| HUL | 24,494.5 | 6,40,651.3 | 6,16,156.8 |
| SBI | 26,372.2 | 7,93,576.5 | 7,67,204.3 |
| Total | 1,08,871.1 | ||
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