In the last trading week, the total market valuation of 6 out of the country’s top-10 most valuable companies increased by ₹88,678.1 crore. ICICI Bank was the top gainer in this surge. The bank’s valuation increased by ₹29,588.75 crore to reach ₹9.95 lakh crore. Apart from ICICI Bank, the market cap of HDFC Bank, Reliance Industries, Bajaj Finance, State Bank of India (SBI) and Larson Toubro (LT) also increased. Meanwhile, amidst this market surge, the value of 4 out of the top-10 most valuable companies declined last week. This includes Bharti Airtel, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and Hindustan Unilever. Reliance is the country’s most valuable company In terms of market cap, Reliance Industries remains at number one as the country’s most valuable company. After this, HDFC Bank is in second place, Bharti Airtel in third, ICICI Bank in fourth, and State Bank of India in fifth. In this list, TCS is in sixth place, Bajaj Finance in seventh, Larsen Toubro in eighth, LIC in ninth, and Hindustan Unilever is in tenth place. Sensex climbed 297 points last week Last week, the stock market had fewer working days due to holidays. Despite this, the Sensex climbed 297 points last week. Meanwhile, on Thursday, June 25, the Sensex fell 703 points from its day high, while Nifty also slipped below the psychological level of 24,100. At the end of trading, the Sensex closed at 77,100 with a gain of 109 points (0.14%) and Nifty closed at 24,056, up 34 points (0.14%). What the Expert Says According to Ajit Mishra, Research SVP of Religare Broking Limited, the market ended this week, which was shortened due to holidays, with modest gains. The market saw gains in three out of four trading sessions. Ajit Mishra stated that the market sentiment remained strong due to decline in crude oil prices, improving geopolitical developments in West Asia, and selective buying by Foreign Institutional Investors (FIIs). What is Market Capitalisation? Market cap is the value of all outstanding shares of any company, meaning all the shares that are currently held by its shareholders. It is calculated 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? Post navigation 1.1 lakh crore market is changing:Lassi, buttermilk overtake cold drinks; sales quadruple
