InvestorQ : Can you tell me about the major star performers during the week ended 20 November and which stocks really lagged the market?
Mahima Roy made post

Can you tell me about the major star performers during the week ended 20 November and which stocks really lagged the market?

Answer
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8 months ago
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For the week ending 20 November, the top 10 most valuable companies on the Nifty in terms of market cap lost value to the tune of Rs.107,160 crore. The markets witnessed value depletion after a gap of almost 3 weeks of solid and consistent bullishness in markets.

Interestingly, the fall in the market was largely led by heavyweights like Reliance, TCS, Hindustan Unilever, ICICI Bank and Infosys. The pressure continues on Reliance being the top loser with value depletion to the tune of nearly Rs.70,000 crore during the week.

Among the other value losers, Hindustan Unilever and Infosys lost Rs.29,150 crore between them. TCS and ICICI Bank lost a much smaller Rs.8,600 crore between them. Overall, it was Reliance effect that really drove the markets into sell mode after a one-month gap.

However, banking continues to be the preferred stock in the markets. During the week, there were significant gainers too. For instance, HDFC Bank added Rs.18,828 crore to its market cap while Kotak added Rs.23,450 crore and Bajaj Finance added Rs.20,748 crore. Clearly, financials are making up for lost time and this week could be no different.

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