In terms of market capitalization, the value of 6 of the country’s top 10 companies has increased by Rs 1.07 lakh crore combined last week. During this period, State Bank of India (SBI) has been the top gainer. After a week’s trading, the bank’s market cap has increased by Rs 36,100 crore to Rs 7.33 lakh crore. Apart from SBI, the market cap of ICICI Bank, Reliance Industries, ITC and Hindustan Unilever has increased. At the same time, Infosys was the top loser during this period. The company’s market cap has come down by Rs 38,054 crore to Rs 7.31 lakh crore. The market rose 321 points last week On the last trading day of the week, Friday (November 1), the stock market was open for one hour of special Muhurat trading from 6:00 pm to 7:00 pm. The Sensex closed at 79,724 with a gain of 335 points. At the same time, Nifty also jumped 99 points and closed at 24,304. After trading, 26 of the 30 Sensex stocks rose, while 4 fell. At the same time, 42 of the 50 Nifty stocks rose and only 8 saw a rise. After a week’s trading, the market rose 321.83 points or 0.40%. 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 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 shares 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 its market cap. The higher the market cap of a company, the better it is considered to be. Stock prices increase and decrease 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, then the market cap will also increase and if the share price decreases, then the market cap will also decrease.
