The market capitalization of Reliance dropped by ₹ 26,116 crore, while the value of the top 10 firms climbed by ₹ 1.30 lakh crore, led by SBI and ICICI Bank.
Six of the top ten corporations in the nation in terms of market capitalization saw increases in their market caps during the most recent trading week totaling ₹ 1,30,734.57 crore (₹ 1.30 lakh crore). State Bank of India (SBI) has been the market's biggest gainer over this time.
The company's market capitalization has surged to ₹7.15 lakh crore, a gain of ₹45,158 crore. In addition, the market capitalization of Bharti Airtel and ICICI Bank climbed to ₹7.51 lakh crore and ₹7.78 lakh crore, respectively, from ₹28,726.33 crore and ₹20,747.99 crore.
Reliance's market value decreased by ₹ 26,115 crore, while the total loss in the market values of the top 10 firms was ₹ 50,295 crore. Reliance Industries Limited, the biggest corporation in the nation, saw a decline in market value of ₹26,115.56 crore, to ₹19.64 lakh crore. The market values of HDFC Bank, TCS, and Hindustan Unilever have all decreased in addition to Reliance.
Last week, the stock market saw a 641-point gain.
The stock market saw a rise of 641.83 points, or 0.87%, last week. The stock market saw a decrease at the same time on Friday, April 26, the last trading day of the week. The Sensex dropped 609 points to settle at 73,730.
Nifty also saw a 150-point drop at the same moment, closing at 22,419 points. Thirty Sensex stocks showed growth, seven saw a drop.
What is market capitalization?
Market cap is the value of the total outstanding shares of any company, i.e. all those shares which are currently held by its shareholders. It is calculated by multiplying the total number of issued shares of the company by the stock price.
Market cap is used to categorize shares of companies to help investors select them according to their risk profile. Like large cap, mid cap and small cap companies.
Market Cap = (number of shares outstanding) x (price of shares)
How does market cap work?
Whether a company's shares will yield profit or not is estimated by looking at many 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 the company, the better the company is considered. Stock prices rise and fall according to demand and supply. Therefore, market cap is the publicly perceived value of that company.
How does market cap fluctuate?
It is clear from the market cap formula that it is calculated by multiplying the total number of issued shares of the company by the stock price. That means 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.
4 crore investors increased in the stock market in 1 year: 32% of these were from Bihar, Madhya Pradesh and Uttar Pradesh, 62 lakh investors joined in Maharashtra.
The number of Demat accounts, or retail investors, has surged by 4.03 crore (31.23%) in a year. These accounts are crucial to the growth and stability of the stock market. Among these, Madhya Pradesh (MP), Uttar Pradesh, Bihar, and 1.28 crore (32.16%) of the new investors are from these states.