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In terms of market valuation, the market value of 8 out of the 10 largest companies in the country has increased by Rs 88,086 crore in the last week’s business. During this time the private sector bank HDFC was the top gainer. The bank’s market cap has increased by ₹ 44,934 crore to Rs 13.99 lakh.
Apart from HDFC, the value of SBI has increased by 16,600 crores to 6.89 lakh crore rupees. At the same time, the value of TCS increased Rs 9,063 crore, ICICI Bank’s Rs 5,140 crore and ITC value increased by Rs 5,033 crore.
Reliance’s value falls ₹ 9,136 crore
Last week, Infosys and Reliance’s valuation declined. Reliance’s value has fallen by ₹ 9,136 crore to ₹ 6.52 lakh crore. At the same time, the market cap of Reliance, the country’s largest company, has increased by Rs 1,962 crore to ₹ 17.25 lakh crore.
Sensex rises 280 points this week
On the last trading day of the week i.e. Friday (March 28), the Sensex fell nearly 198 points to close at 77,414. The Nifty fell by about 72 points, it closed at 23,519. This week the Sensex has climbed 280 points.
On Friday, 11 out of 30 shares of Sensex rose while 19 declined. IndusInd Bank was the biggest decline of 3.5%. Whereas, Kotak Mahindra Bank, HUL and ICICI Bank rose by about 1%.
19 out of 50 shares of NSE declined while 31 declined. The Nifty Media fell the most 2.29% in sectoral indices. The Nifty IT declined by 1.76% and the Nifty Realty by 1.42%.
What is a market capitalization?
The market cap is the value of the total outstanding stocks of any company, ie all the shares that its shareholders currently have. Its calculation is done by multiplying the total number of the company’s issued shares by the price of the stock.
The market cap is used to catarise the shares of companies, so that investors will help in choosing them according to their risk profiles. Such as large cap, mid cap and small cap companies.
Market cap = (Number of outstanding shares) X (Price of shares)
How does the market cap use?
Whether or not a company will get a profit in shares, it is estimated by looking at many factors. One of these factor is also a market cap. Investors can find out how big the company is by looking at the market cap.
The higher the market cap of the company, the better it is considered to be a good company. According to demand and supply, stock prices rise and decrease. So the market cap is the public’s public perceived value.
How does the market cap decrease?
It is clear from the formula of the market cap that it is removed by multiplying the total number of shares of the company by the price of stock. That is, if the share price increases, the market cap will also increase and the share price will decrease, then the market cap will also decrease.
