Value of 7 out of top-10 companies shrink this week:Reliance loses ₹46,078 crore market cap

In terms of market cap, the value of 7 out of the country’s 10 largest companies decreased by ₹1.54 lakh crore in last week’s trading. During this period, Reliance Industries’ market value declined the most. Reliance’s market value decreased by ₹46,078 crore to ₹17.87 lakh crore. Meanwhile, HDFC Bank’s market value fell by ₹33,333 crore to ₹11.46 lakh crore. Apart from this, the market value of Airtel, TCS, Hindustan Unilever, Bajaj Finance and ICICI Bank also declined. On the other hand, last week the market value of Larsen Toubro, SBI and LIC increased. Sensex fell 639 points last week Last week, Sensex fell by 639 (0.84%) points and Nifty fell by 171 (0.72%) points. On the last trading day of the past week, that is Friday, May 29, Sensex fell by 1092 points to close at 74,775. Nifty also fell by 359 points to close at the level of 23,547. What is Market Capitalization? Market cap is the value of all the total outstanding shares of any company, that is, all the shares that are currently held by its shareholders. Its calculation is done by multiplying the total number of issued shares of the company by their price. 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? Impact on Company: A large market cap helps a company raise funds from the market, take loans, or acquire other companies. On the other hand, a small or low market cap reduces the company’s ability to make financial decisions. Impact on Investors: An increase in market cap directly benefits investors, as the price of their shares increases. However, a decline can lead to losses, which may prompt investors to decide to sell their shares.