Mumbai35 minutes ago
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In terms of market capitalization, the market cap of 9 out of the top-10 companies of the country has increased by a combined Rs 2.89 lakh crore last week. Reliance Industries Limited has been the top gainer during this period.
Its valuation has increased by Rs 1,52,264.63 crore (₹1.52 lakh crore) during the week’s trading. Now the market cap of the company has become Rs 21.19 lakh crore. Earlier the market cap of the company was Rs 19.67 lakh crore.
LIC’s value fell by Rs 22,043 crore to ₹ 6.26 lakh crore.
Apart from this, Tata Consultancy Services (TCS), ICICI Bank, Bharti Airtel, Infosys, HDFC Bank, State Bank of India (SBI), Hindustan Unilever Limited (HUL) and ITC have also gained in the market during this period.
Insurance company Life Insurance Corporation of India (LIC) was the only company whose market value has decreased. The value of the company has fallen by Rs 22,042.61 crore to Rs 6.26 crore in the week’s trading.
Market rose 1,823 points in last one week
In the trading week starting June 24, the market made all-time high for 4 consecutive days. During this period the market gained 1,823 points. However, due to this, some profit booking was seen in the market. Due to this, Sensex and Nifty fell on the last day.
Sensex on Friday of 79,671 made all time high
The stock market made an all-time high for the fourth consecutive day on June 28. During early trading, Sensex made a high of 79,671 and Nifty made a high of 24,174. However, later there was a decline in the market.
After trading throughout the day, Sensex closed at 79,032 with a fall of 210 points. At the same time, Nifty also fell by 33 points, it closed at the level of 24,010. Out of 30 Sensex stocks, 19 declined and 11 rose.
What is market capitalization?
Market cap is the value of the total outstanding shares of any company, i.e. all those shares which are currently held by its shareholders. It is calculated by multiplying the total number of issued shares of the company by the stock price.
Market cap is used to categorize shares of companies to help investors choose them according to their risk profile. Like large cap, mid cap and small cap companies.
Market Cap = (Number of shares outstanding) x (Price of shares)
How does market cap work?
Whether a company’s shares will yield profit or not is estimated by looking at many factors. One of these factors is market cap. Investors can find out how big a company is by looking at the market cap.
The higher the market cap of the company, the better company it is considered to be. Stock prices rise and fall according to demand and supply. Therefore, market cap is the publicly perceived value of that company.
How does market cap fluctuate?
It is clear from the market cap formula that it is calculated by multiplying the total number of issued shares of the company by the stock price. That means if the share price increases then the market cap will also increase and if the share price decreases then the market cap will also decrease.
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Value of 3 top 10 companies increased by ₹ 1.06 lakh crore: HDFC and ICICI Bank top gainers, Reliance’s market cap decreased by ₹ 32,271 crore.
In the last trading week, the market cap of 3 of the top 10 companies of the country in terms of market capitalization has increased by a combined ₹ 1,06,125.98 crore (₹ 1.06 lakh crore). HDFC Bank has been the top gainer in the market during this period. Its valuation has increased by ₹52,092 crore. Now its market cap has become ₹ 12.67 lakh crore. Apart from this, the market cap of ICICI Bank increased by ₹36,119 crore to ₹8.14 lakh crore and that of Infosys increased by ₹17,915 crore to ₹6.36 lakh crore. Click here to read the full news…
