In the last week's trading, the combined market capitalization of 9 of the top 10 companies of the country has increased by Rs 2.01 lakh crore. Among these, Bharti Airtel has gained the most last week. Its market cap has increased by ₹ 54,282 crore to 9.30 lakh crore.
The market cap of ICICI Bank has increased by ₹ 29,662 crores to ₹ 8.80 lakh crores. Whereas the market cap of Tata Consultancy Services i.e. TCS has increased by ₹ 23,427 crores to ₹ 16.36 lakh crores.
Apart from this, the market value of HUL, HDFC Bank, Infosys, ITC, Reliance Industries and SBI has also increased. However, only the market value of LIC has fallen. The market cap of LIC has decreased by ₹3,004 crores to ₹6.54 lakh crores.
The Sensex gained 2.10% last week In the last trading week, the Sensex had gained 2.10% or 1,707 points. On the last trading day of the week, Friday, September 13, the stock market fell. The Sensex closed at 82,890 with a fall of 71 points. Nifty also fell by 32 points, it closed at 25,356.
What is market capitalization? Market cap is the value of the total outstanding shares of any company, that is, all the shares that are currently held by its shareholders. It is calculated by multiplying the total number of issued shares of the company with the price of the stock.
Market cap is used to categorise company stocks to help investors choose them based on their risk profile, such as 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 stock will give profit or not is estimated by looking at several factors. One of these factors is market cap. Investors can find out how big the company is by looking at the market cap.
The higher the market cap of a company, the better it is considered to be. Stock prices rise and fall according to demand and supply. Therefore, market cap is the public perceived value of that company.
How does market cap fluctuate? It is clear from the formula of market cap that it is calculated by multiplying the total number of issued shares of the company with the stock price. 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.
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