stock market cap: The combined market share of seven of the top 10 companies included in the BSE Sensex fell by Rs 77,434.98 crore last week. ITC and HDFC Bank suffered the most. Last week, the 30-share BSE Sensex lost 524.06 points or 0.78 percent. Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, ITC and Bajaj Finance declined in market valuation during the week, while Infosys, State Bank of India (SBI) and Bharti Airtel gained. The market capitalization of ITC declined by Rs 26,192.05 crore to Rs 5,83,732.19 crore in the week under review.
TCS loss of Rs 5,214.15 crore
The market valuation of HDFC Bank declined by Rs 22,747.89 crore to Rs 12,40,322.63 crore. The market cap of Bajaj Finance declined by Rs 12,127.47 crore to Rs 4,47,298.52 crore. Reliance Industries’ valuation declined by Rs 5,818.43 crore to Rs 17,10,076.74 crore and that of TCS declined by Rs 5,214.15 crore to Rs 12,27,739.80 crore. Hindustan Unilever’s valuation declined by Rs 4,417.23 crore to Rs 6,07,369.34 crore. ICICI Bank’s market cap declined by Rs 917.76 crore to Rs 6,96,495.74 crore. Contrary to this trend, the market capitalization of Bharti Airtel increased by Rs 5,643.3 crore to reach Rs 5,00,369.30 crore. Infosys’ valuation jumped by Rs 4,129.44 crore to reach Rs 5,56,271.03 crore.
SBI’s increased market cap
SBI’s market cap increased by Rs 981.71 crore to Rs 5,49,800.72 crore. Reliance Industries retained the first position in the list of top 10 companies. It was followed by HDFC Bank, TCS, ICICI Bank, Hindustan Unilever, ITC, Infosys, SBI, Bharti Airtel and Bajaj Finance respectively.
stock market was sluggish
On the last trading day of the week, benchmark indices Sensex and Nifty closed with losses due to selling in information technology (IT) and bank stocks in domestic bourses amid mixed trend in overseas markets and foreign fund outflows. BSE’s 30-share index Sensex fell 106.62 points, or 0.16 percent, to close at 66,160.20 points at the end of trading. At one time during the trading, it had weakened by 388.17 points to reach 65,878.65 points. The National Stock Exchange (NSE) index Nifty also fell 13.85 points, or 0.07 percent, to close at 19,646.05 points. Among the Sensex group stocks, Bajaj Finserv, HDFC Bank, Tata Motors, HCL Technologies, Tata Consultancy Services, Axis Bank, Infosys, IndusInd Bank, Tech Mahindra and Maruti Suzuki declined. On the other hand, shares of NTPC, Power Grid, Mahindra & Mahindra, JSW Steel, Bajaj Finance, ITC and Reliance Industries advanced with gains.
what is market cap
Market capitalization, often abbreviated as market cap, is a measure used to determine the total value of a publicly traded company. It represents the market value of a company’s outstanding shares of stock and is calculated by multiplying the current stock price by the total number of shares outstanding. This means, Market cap = current stock price × number of shares outstanding
Market capitalization is an important indicator of a company’s size and is used to classify companies into different size segments, such as large-cap, mid-cap, and small-cap companies.
how many types of market cap are there
Large-cap: Companies with a market cap above a certain threshold, often in the billions of dollars.
Mid-cap: Companies with a market cap between the range of large-cap and small-cap.
Small-Cap: Companies with a relatively small market cap.
Market capitalization reflects the collective perception of investors regarding a company’s value and growth prospects. It can fluctuate based on changes in the stock price and number of shares outstanding, as well as changes in market sentiment and financial performance. Investors often use market cap as a metric to assess a company’s overall value, risk profile and investment potential. However, it is essential to consider other financial indicators and do a comprehensive analysis before taking an investment decision.