According to market cap, the market value of the country’s top-10 companies has increased by Rs 3.84 lakh crore after this week’s trading. HDFC Bank has been the top gainer during this period. The bank’s market cap has increased by ? 76,484 crore to ? 14.59 lakh crore. The market value of telecom company Airtel has also increased by Rs 75,211 crore to ? 10.77 lakh crore. Apart from this, the value of the country’s most valuable company Reliance Industries has increased by ? 74,766 crore, ICICI Bank by ? 67,597 crore and State Bank of India by ? 38,420 crore. The market rose 3,396 points (4.51%) in three days of trading. The stock market has risen 3396 points (4.51%) in this week’s trading. Yesterday i.e. on Thursday, April 17, a big rise was seen in the Sensex market after the fall. The Sensex closed at 78,553, up 1509 points (1.96%). The Nifty also rose 414 points (1.77%), closing at 23,852. The stock market was closed for only three days this week. The market was closed on the first trading day (Monday, April 14) due to Ambedkar Jayanti and the last day (Friday, April 18) due to Good Friday. 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 by the price of the stock. Market cap is used to categorize the shares of companies, so that investors can choose them according to their risk profile. Such as large cap, mid cap and small cap companies. Market cap = (number of outstanding shares) 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 a 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 increase or decrease? It is clear from the market cap formula 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. —————————— Read this news too… Stock market closed today on Good Friday: Sensex rose 3,396 points in three days of trading this week, yesterday there was a rise of 1509 points. Today, i.e. Friday, 18 April, the stock market is closed due to Good Friday. This week the market was open only for two days. The market was closed on the first trading day i.e. Monday (14 April) on account of Ambedkar Jayanti. In three days of trading, the market rose by 3,396 points (4.51%). Yesterday (Thursday, 17 April) a big rally was seen after the fall in the market. Sensex rose by 1509 points (1.96%) and closed at 78,553. Nifty also rose by 414 points (1.77%) and closed at 23,852. Click here to read the full news…
