Market cap of 8 of the top 10 companies decreased by ₹2.01 lakh crore: Reliance was the top loser, its value decreased by ₹60 thousand crore to 19.82 lakh crore

In the last week’s trading, the combined market capitalization of 8 of the country’s top 10 companies has decreased by Rs 2.01 lakh crore. Among these, Reliance Industries has suffered the biggest loss. Its market cap has decreased by ₹ 60,824 crore to 19.82 lakh crore.

The market cap of Tata Consultancy Services (TCS) has dropped by ₹34,136 crore to ₹16.12 lakh crore. Whereas the market cap of State Bank of India (SBI) has dropped by ₹29,495 crore to ₹6.98 lakh crore.

Apart from this, the market value of Bharti Airtel, Infosys, LIC, ICICI Bank and ITC has decreased. Whereas the market value of HDFC Bank and HUL has increased.

HUL’s market cap increased by ₹ 14,179 crores At the same time, the market cap of HUL has increased by ₹ 14,179 crores to ₹ 6.66 lakh crores. The market cap of HDFC Bank has increased by ₹ 3,735 crores to ₹ 12.47 lakh crores.

The Sensex fell 1.69% last week In the last trading week, the Sensex fell by 1.69%. Nifty also fell by 1.79%. On the last trading day of the week, Friday, September 6, the stock market witnessed a decline.

The Sensex fell 1017 points (1.24%) to close at 81,183. The Nifty also fell 292 points (1.17%) to close at 24,852.

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.