6 top companies add ₹1 lakh crore in market value:Airtel emerges as top gainer as market cap jumps by ₹36,529 crore; Bajaj Finance, ICICI Bank also rise

The combined market valuation of six of the country’s top 10 most valuable companies increased by ₹1 lakh crore in the past trading week, with Bharti Airtel being the top gainer. Airtel’s valuation rose by ₹36,529 crore to ₹11.63 lakh crore. Bajaj Finance, ICICI Bank, LIC, HDFC Bank, and HUL also saw their market caps rise. Meanwhile, amid this market rally, the value of four of the top 10 most valuable companies has declined over the past week: Larsen Toubro, Reliance Industries, SBI, and TCS. Value of 6 out of the country’s top -10 companies increased by ₹1 lakh crore Reliance is the most valuable company in the country. Reliance Industries remains the country’s most valuable company by market cap. It is followed by HDFC Bank in second place, Bharti Airtel in third, ICICI Bank in fourth, and State Bank of India in fifth. TCS is in sixth place, followed by Bajaj Finance in seventh, Larsen Toubro in eighth, LIC in ninth, and Hindustan Unilever in tenth. Last week, the Sensex rose 663 points. Last week, the Sensex gained 663.44 points and the Nifty gained 214.85 points. On Friday, the Sensex gained 261 points to close at 77,764. The Nifty gained 95 points to close at 24,270. 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. 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. 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?