Market value of TCS decreased by ₹ 62,538 crore in a week: Value of 6 out of top 10 companies fell by ₹ 1.40 lakh crore, Airtel top gainer.

Last trading week, the market cap of 6 of the top 10 companies of the country in terms of market capitalization has declined by a combined ₹ 1,40,478.38 crore (₹ 1.40 lakh crore). The biggest loser in the market during this period has been Tata Consultancy Services (TCS). The market cap of the company has fallen by ₹62,538.64 crore to ₹13.85 lakh crore. Apart from TCS, the market cap of Infosys and ICICI Bank also declined by ₹30,488.12 crore and ₹26,423.74 crore. Airtel’s market cap increased by ₹37,797 crore, while only 4 companies in the top-10 have registered positive growth. Among these, Bharti Airtel has been the top gainer of the market. The company’s market cap has increased by ₹37,797.09 crore in a week. Now the market cap of the company has become ₹7.31 lakh crore. Along with Airtel, the market value of HDFC Bank, Reliance Industries and LIC has increased. The market closed with a rise on Friday, the last trading day of the week. The stock market closed with a rise today on the last trading day of the week i.e. Friday (April 19). Sensex closed at 73,088.33 with a rise of 599.34 points. Nifty also gained 151.15 points and closed at the level of 22,147. This wonderful recovery was seen in the market today after a fall of about 700 points. Out of 30 Sensex stocks, 22 showed a rise and only 8 saw a decline. In today’s trading, shares of PSU Bank, Private Bank and Financial Services gained the most. 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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