Reliance’s value increased by ₹47,431 crore this week:Market cap of 4 out of the top 10 companies rose by ₹95,447 crore; here’s who made the gains

According to market valuation, the value of 4 out of the country’s 10 largest companies increased by ₹95,447 crore in this week’s trading. During this period, Reliance Industries, the country’s largest private sector company, was the top gainer. The company’s market cap increased by ₹47,431 crore to ₹20.12 lakh crore. Meanwhile, the market cap of SBI, the largest public sector bank, increased by ₹30,092 crore to ₹8.65 lakh crore during this period. Bajaj Finance’s value decreased by ₹29,090 crore Meanwhile, the value of 6 out of the top-10 companies fell by ₹91,686 crore. During this period, Bajaj Finance was the top loser.
The company’s value decreased by ₹29,090 crore to ₹6.49 lakh crore during this period. ICICI Bank, on the other hand, lost ₹21,619 crore in its valuation during this period and is now at ₹9.61 lakh crore. Market closed down 466 points on Friday On Friday, October 31, the last trading day of the week, the Sensex closed down 466 points at 83,939. The Nifty also fell by 155 points, closing at 25,722. During the day’s trading, the market saw fluctuations of 800 points. Out of 30 Sensex shares, 25 saw a decline. Bharat Electronics’ share rose by 4%. Meanwhile, Zomato, NTPC, and Kotak Bank fell by up to 3.5%. Out of 50 Nifty shares, 41 closed lower. NSE’s IT, Media, and Metal shares saw a greater decline. Meanwhile, government banks and Oil Gas shares saw more buying. What is Market Capitalization? Market cap is the value of a company’s total outstanding shares, i.e., all shares currently held by its shareholders. It is calculated by multiplying the total number of shares issued by the company by their price. Let’s understand this with an example… Suppose… Company ‘A’ has 1 crore shares bought by people in the market. If the price of one share is ₹20, then the market value of the company will be 1 crore x 20, which is 20 crore rupees. The market value of companies increases or decreases due to the rise or fall in share prices. There are several other reasons for this… What is the impact of market cap fluctuations on the company and investors?