Mumbai3 minutes ago
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In terms of market valuation, the market value of 9 out of the 10 largest companies in the country has increased by Rs 3 lakh crore in the last week's business. During this time the private sector bank ICICI was the top gainer. The bank's value has increased by Rs 64 thousand crore to Rs 9.48 lakh.
Apart from ICICI, Airtel's value has increased by 53,286 crores to Rs 9.84 lakh crore. At the same time, HDFC Bank's value increased Rs 49,105 crore, Reliance's Rs 39,312 crore and Bajaj Finance value by Rs 30,954 crore.
Last week ITC was the only company with value of Rs 7,570.64 crore. Now the market cap of the company has come to Rs 5.08 lakh crore. Earlier, the market value of ITC was Rs 5.15 lakh crore.
Sensex rises 3077 points last week
On Friday, March 21, the Sensex climbed 557 points to close at 76,905. The Nifty also rose by 159 points, it closed at 23,350 levels. At the same time, the Sensex gained 3077 points in the week -long business.
On Friday, 25 of the 30 shares of the Sensex rose. The highest NTPC 3.09%, Bajaj Finance 2.62% and Kotak Mahindra Bank climbed 2.14%. Mahindra, Tata Steel, Infosys, Titan and Bajaj Finserv fell by more than 1%.
Out of 50 shares of Nifty, 38 rose. In the sectoral indices of the NSE, media stocks gained 2.20%, oil and gas by 1.84% and a government bank 1.06%. The Nifty metal declined by about 1%.
What is a market capitalization?
The market cap is the value of the total outstanding stocks of any company, ie all the shares that its shareholders currently have. Its calculation is done by multiplying the total number of the company's issued shares by the price of the stock.
The market cap is used to catarise the shares of companies, so that investors will help in choosing them according to their risk profiles. Such as large cap, mid cap and small cap companies.
Market cap = (Number of outstanding shares) X (Price of shares)
How does the market cap use?
Whether or not a company will get a profit in shares, it is estimated by looking at many factors. One of these factor is also a market cap. Investors can find out how big the company is by looking at the market cap.
The higher the market cap of the company, the better it is considered to be a good company. According to demand and supply, stock prices rise and decrease. So the market cap is the public's public perceived value.
How does the market cap decrease?
It is clear from the formula of the market cap that it is removed by multiplying the total number of shares of the company by the price of stock. That is, if the share price increases, the market cap will also increase and the share price will decrease, then the market cap will also decrease.
