Priya
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New Delhi. The market capitalization of eight of the 10 most valuable companies declined by Rs 2.08 lakh crore last week. Reliance Industries, TCS and Infosys suffered the most. The market cap of Reliance Industries fell by Rs 67,792.23 crore to Rs 19,34,717.12 crore.
At the same time, the market cap of TCS fell by Rs 65,577.84 crore to Rs 13,27,657.21 crore. The two companies whose market cap has increased are SBI and HDFC Bank. The market cap of HDFC Bank has increased by Rs 10,954 crore to Rs 11.64 lakh crore. At the same time, the market cap of SBI has increased by Rs 1,338 crore to Rs 7.40 lakh crore.
Sensex fell 2% last week
In the last trading week, the Sensex fell by 2 percent. Nifty also slipped by 1.98 percent. On the last trading day of the week, i.e. on May 31, the stock market rose. The Sensex closed at 73,961 with a gain of 75 points. At the same time, the Nifty showed a jump of 42 points. It closed at 22,530. However, the stock market is expected to rise this week.
What is market capitalization?
Market capitalization indicates the value of outstanding shares of any company. As shares are bought and sold, the market cap of the company also keeps on increasing or decreasing. The market cap can give an idea of the returns and risks associated with the company's shares.
Market cap is used to categorize the shares of companies. This helps investors to choose companies according to their risk profile. Like large cap, mid cap and small cap companies. Mutual funds also invest accordingly.
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