HDFC’s market-cap fell by ₹ 60,678 crore in a week: Value of 6 out of top-10 companies of the stock market decreased by ₹ 1.73 lakh crore.

The market cap of HDFC Bank has fallen by ₹60,678 crore in the last trading week. During this period, the market valuation of 6 out of the top 10 companies of the country listed in the stock market has combined decreased by Rs 1.73 lakh crore. After this fall, the market cap of HDFC has come down to ₹ 10.93 lakh crore. A week ago (3 May) it was Rs 11.54 lakh crore. Apart from this, LIC, Reliance Industries, ICICI Bank, State Bank of India (SBI) and ITC have also faced decline during this period. Hindustan Unilever’s market-cap increased by ₹ 33,270 crore. At the same time, Fast Moving Consumer Goods i.e. FMCG company Hindustan Unilever has added Rs 33,270 crore to its market value in a week during trading. Now the value of the company has become Rs 5.54 lakh crore. The market cap of TCS, Bharti Airtel and Infosys has also increased during this period. The market was bullish on Friday. The stock market was bullish on May 10. Sensex closed at 72,664 with a rise of 260 points. At the same time, Nifty also saw a rise of 97 points, it closed at the level of 22,055. Out of 30 Sensex stocks, 21 saw a rise and 9 saw a fall. The market had fallen by more than 1000 points on May 9. A decline was seen in the stock market on May 9 (Thursday). Sensex fell 1062 points to close at 72,404. At the same time, Nifty also fell by 345 points, it closed at 21,957. Out of 30 Sensex stocks, 25 saw a decline and 5 saw a rise. Except auto, there was a decline in all sectors of the National Stock Exchange (NSE). Nifty Auto gained 0.78%. Whereas the Oil and Gas sector witnessed the biggest decline of 3.15%. There was a decline of 2.47% in FMCG, 2.23% in Realty and 2.87% in Metal. What is market capitalization? Market cap is the value of the total outstanding shares of any company, i.e. all those shares which are currently held by its shareholders. It is calculated by multiplying the total number of issued shares of the company by the stock price. Market cap is used to categorize shares of companies to help investors select them according to their risk profile. Like large cap, mid cap and small cap companies. Market Cap = (number of shares outstanding) x (price of shares) How does market cap work? Whether a company’s shares will yield profit or not is estimated by looking at many factors. One of these factors is market cap. Investors can find out how big a company is by looking at the market cap. The higher the market cap of the company, the better the company is considered. Stock prices rise and fall according to demand and supply. Therefore, market cap is the publicly perceived value of that company. How does market cap fluctuate? It is clear from the formula of market cap that it is calculated by multiplying the total number of issued shares of the company by the stock price. That means if the share price increases then the market cap will also increase and if the share price decreases then the market cap will also decrease.

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