India News Get -BusinessM caps top 10 companies, eight companies lose ₹1.65 Lakh Crore led by HDFC Bank, only Infosys and TCS gain
In terms of market capitalization, the value of 8 of the country’s 10 largest companies was reduced by Rs 1.65 lakh crore last week. HDFC Bank remained the top loser during this period. During the trading week, the bank’s market capitalization declined from Rs 46,729.51 crore to Rs 12.94 lakh crore.
Besides HDFC Bank, State Bank of India (SBI) was the second biggest loser. SBI’s market capitalization fell by Rs 34,984.51 crore in a week to Rs 7.17 lakh crore. Apart from this, the market capitalization of Hindustan Unilever, Reliance Industries, ITC, Bharti Airtel, LIC and ICICI Bank also declined.
At the same time, Infosys was the biggest gainer during this period. The value of Infosys increased by Rs 13,681.37 crore during this period to Rs 7.73 lakh crore. Apart from this, the market capitalization of TCS increased from Rs 416.08 crore to Rs 15 lakh crore.
Last week, Sensex fell by 1,906 points
Last week, the Sensex fell 1,906.01 points or 2.39%. The stock market remained closed on Friday, November 15, due to the Guru Nanak Jayanti festival. Earlier on Thursday (November 14), the Sensex closed at 77,580 with a decline of 110 points. There was also a decline of 26 points in Nifty, it closed at 23,532 level.
However, the BSE Smallcap rose 429 points to close at 52,381. Out of 30 Sensex stocks, 17 were lower and 13 were higher. Out of 50 Nifty stocks, 29 were down and 21 were up. The FMCG sector witnessed the largest decline in the NSE sector index of 1.53%. While the media sector saw the highest increase of 2.26%.
What is market capitalization?
Market capitalization is the value of a company’s total outstanding shares, that is, all the shares currently owned by its shareholders. It is calculated by multiplying the company’s total number of issued shares by the stock price.
Market capitalization is used to categorize company stocks to help investors choose them based on their risk profile. Like large, mid and small cap companies.
Market capitalization = (number of shares outstanding) x (share price)
How does market capitalization work?
Whether or not a company’s stock will generate profits is estimated by looking at many factors. One of these factors is market capitalization. Investors can tell the size of a company by looking at the market capitalization.
The higher the market capitalization of the company, the better it is considered. Stock prices rise and fall based on supply and demand. Therefore, market capitalization is the publicly perceived value of that company.
How does market capitalization fluctuate?
It is clear from the market capitalization formula that it is calculated by multiplying the total number of issued shares of the company by the stock price. This means that if the stock price increases, the market capitalization will also increase and if the stock price decreases, the market capitalization will also decrease.