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Reliance's market cap falls by ₹ 74,563 crore: 6 of top-10 fall in combined value by ₹ 1.56 lakh crore; Last week the market fell by 237.8 points

In terms of market capitalization, the country's largest company, Reliance Industries, has a market cap of Rs. 74,563 crore has decreased. A week ago, the valuation of the company was Rs 18.12 lakh crore, which has come down to Rs 17.37 lakh crore.

Apart from Reliance, telecom company Airtel is valued at Rs. 26,275 crore reduced to Rs. 8.94 lakh crore, valuing ICICI Bank at Rs. 22,255 crore reduced to Rs. 8.88 lakh crore, valuing ITC at Rs. 15,449 crore down to Rs. 5.98 lakh crore was done. Rs. 9,930 crore down to Rs. 5.79 lakh crore and Hindustan Unilever is valued at Rs. 7,248 crores it fell to Rs. 5.89 lakh crores.

In the value of 4 companies including Infosys 1.21 lakh crore increased

Here, despite the fall in the stock market, Tata Consultancy Services has a market cap of Rs. 57,745 crore increased to Rs. 14,99,697 crores. At the same time the market cap of Infosys was Rs. 28,839 crore, State Bank of India Rs. 19,813 crore and HDFC Bank's market cap is Rs. 14,678 crore has increased.

The stock market lost 238 points last week

The Sensex closed down 55 points at 79,486 on the last trading day of last week, Friday, November 8. The Nifty also closed down 51 points at 24,148. After one week of trading, the market lost 238 points.

At the same time, the BSE Small Cap closed down 850 at 54,913. Out of 30 Sensex stocks, 16 declined and 14 advanced. Out of 50 Nifty stocks, 27 declined and 23 advanced. Among the NSE sectoral indices, the realty sector closed the biggest decline of 2.90%.

See also  Sensex fell 930 points and closed at 80,220: Nifty also fell 309 points, BSE Small Cap fell 2,118 points.

What is market capitalization?

Market cap is the value of any company's total outstanding shares, i.e. all the shares that are currently held by its shareholders. It is calculated by multiplying the total number of issued shares of the company by the share price.

Market cap is used to classify stocks 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 (Share price)

How does market cap work?

Whether a company's shares will give profit or not is estimated by looking at many factors. One of these factors is market cap. Investors can know how big a company is by looking at the market cap.

The higher the market cap of the company, the better the company. Stock prices rise and fall according to supply and demand. 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 shares by the share price of the company. That is, if the share price increases, the market cap will also increase and if the share price decreases, the market cap will also decrease.

Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).

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