Reliance Market Cap Update; HDFC SBI ICICI Bank Top 10 Market Capitalization 2024 | Reliance market cap increased by ₹29,634 crores: Last week, the value of 9 out of the top-10 companies increased by ₹95,523, HDFC decreased by ₹4,835

In terms of market capitalization, the value of 9 of the top 10 companies of the country has increased by a combined Rs 95,523 crore in the last week’s trading. During this period, Reliance Industries was the top gainer. The company’s market cap has increased by Rs 29,634.27 crore to Rs 20.30 lakh crore. Earlier, the company’s market cap was Rs 20 lakh crore.

Apart from Reliance, the valuations of LIC, State Bank of India (SBI), Tata Consultancy Services (TCS), Infosys, Bharti Airtel, ICICI Bank also saw an increase during last week’s trading. On the other hand, the market cap of HDFC Bank has declined by Rs 4,835 crore during this period.

Last week, the Sensex gained 650 points
On the last trading day of the week, August 23, the stock market witnessed a rise. On the last trading day of the week, the Sensex closed at 81,086 with a gain of 33 points. Nifty also saw a rise of 11 points, it closed at 24,823.

Out of the 30 Sensex stocks, 15 rose and 13 fell. Out of the 50 Nifty stocks, 22 rose and 28 fell. Talking about the sectoral index of NSE, all except the auto sector fell.

The auto sector rose by 1.12%. While, Nifty Realty saw the maximum decline of 2.43%. At the same time, media fell by 1.29% and IT by 1.00%.

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 stock price.

Market cap is used to categorise company stocks to help investors choose them based on their risk profile, such as 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 stock 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 the company is by looking at the market cap.

The higher the market cap of a company, the better it is considered to be. Stock prices rise and fall according to demand and supply. Therefore, market cap is the public perceived value of that company.

How does market cap fluctuate?
It is clear from the formula of market cap 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, the market cap will also increase and if the share price decreases, the market cap will also decrease.