InvestorQ : How did the heavyweight stocks on the Nifty and Sensex perform in the week ended 27 March 2020? Did most of them managed to gain?
Niti Shenoi made post

How did the heavyweight stocks on the Nifty and Sensex perform in the week ended 27 March 2020? Did most of them managed to gain?

Answer
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Archita Jajjoo answered.
7 months ago


The gains were across most heavyweights except a handful of losers among the frontline stocks. Stock markets recovered 14% from the lows of the week and there was total wealth creation of Rs.123,000 crore from 7 out of the 10 top companies. Heavyweights like Reliance Industries and Infosys were among the major wealth creators during the week. Both RIL and Infy contributed nearly Rs.29,000 crore each in terms of market cap while Kotak Bank also saw value accretion of Rs.26,000 crore during the week. TCS, HDFC Bank, HDFC and HUVR were the other gainers during the week. Among the most valuable companies ITC, ICICI Bank and Bharti Airtel were among the wealth destroyers. ICICI Bank came under pressure due to the impact of higher NPAs on most private banks. ITC has been under pressure as it has been forced to shut down its cigarette operations due to the shutdown which has put most tobacconists out of business.