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In terms of market valuation, the market value of 8 out of the 10 largest companies in the country has fallen by Rs 3.09 lakh crore in this week's business. During this period, the market cap of Tata Consultancy Services (TCS) has declined by the highest Rs 1,09,212 crore (Rs 1.09 lakh crore). Now the market cap of the company has come to 12.61 lakh crore rupees.
Last week, the company's valuation was Rs 13.70 lakh crore. Now TCS has come at number three by the second most valuable company. Apart from this, Infosys has been down by Rs 52,698 crore, Airtel has a major decline of Rs 39,230 crore and Reliance has a major decline of Rs 38,026 crore.
HDFC Bank- Second Most Valuable Company in the country
After the week -long trading, HDFC Bank's market capitalization has increased by Rs 30,258 crore to Rs 13.24 lakh crore. Earlier, the company's market cap was 12.94 lakh crore rupees. Apart from HDFC Bank, the market cap of Bajaj Finance has also increased by Rs 9,050 crore to Rs 5.30 lakh crore.
Investors wealth reduced by Rs 18 lakh crore
Investors' wealth declined by Rs 18 lakh crore due to selling during this week's business in the stock market. On February 28, the overall market cap of listed companies on BSE was Rs 384 lakh crore. It was Rs 401.81 lakh crore on the last trading day of last week i.e. Friday (21 February). At the same time, yesterday it decreased by Rs 8.95 lakh crore in a day.
The stock market dropped 2,113 points this week
The Sensex declined by 1414 points (1.90%) in the Sensex on the last trading day of the week i.e. tomorrow (Friday, 28 February). It closed at 73,198 levels. The Nifty also fell 420 points (1.86%) to close at 22,124.
The BSE small cap declined by 1,028 points (2.33%), it closed at 43,082 levels. The mid cap also declined by 853 points (2.16%), closing at 38,592 levels.
All the sectoral index of NSE declined today. The biggest decline was 4.18%in Nifty IT, 3.92%in auto, 3.48%in media, 2.83%in government banks and 1.39%in metal. In addition, pharma, banking, FMCG and financial services saw a decline of up to 2%. This week the Sensex fell by 2,113 points.
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 them choose 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. Therefore, the market cap is the public's public percevad 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.
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