From Ambani to Tata, Seven giants' earnings sank, how much profit did SBI make

Market Sank:  Though in the last few days Indian Stock Exchange's major index Sensex has seen a decline of 601.73 points. According to the data, on the last business day of the week, Sensex saw a decline of 230.05 points and closed at 81,381.36 points.

Big lose to market leaders

While in the last one month, Sensex has seen a decline of more than 1500 points. This is the second consecutive business week, when more than 5 out of 10 companies of the country have seen a decline in their valuation. The biggest loss was suffered by none other than late Ratan Tata's company TCS. The company's valuation saw a decline of more than Rs 35,600 crore last week. After that Reliance Industries had to bear the loss. By the way, last week, a decline was seen in the valuation of 7 out of 10 companies of the country.

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7 companies have suffered a loss

However on the other hand, Airtel, Infosys and SBI have benefited the most in the last week. The joint market cap of these three companies has gained more than Rs 36 thousand crore. In which Airtel has gained the most by more than Rs 26 thousand crore. In the last week, 9 out of the top 10 companies of the country suffered a loss of Rs 4 lakh crore. In which Reliance Industries had to bear the biggest loss of about Rs 2 lakh crore.

More than Rs 1.22 lakh crore in their valuation

In the last one month, the Sensex has seen a decline of more than 1500 points. In the month of October alone, the Sensex has seen a decline of about 3.5 percent. According to the data, in the month of October, the total market cap of BSE has seen a decline of Rs 12,07,235.49 crore.

There was a decline in the share market

Meanwhile In the last trading days, the stock market fell by 307 points. On Friday (October 11), the Sensex closed at 81,381 with a decline of 230 points. Nifty also fell by 34 points, it closed at 24,964 point.

Stock market fell by 307 points in few days

Though BSE Small Cap closed at 56,600, up 246 points. Out of 50 Nifty stocks, 28 rose and 22 fell. The pharma sector of NSE had the highest growth of 1.19%.

Why does market cap increase or decrease?

From the market cap formula that it is calculated by multiplying the total number of issued shares of the company with the stock price.