InvestorQ : How did the heavyweight stocks perform during the previous week ended on 09 October?
Sam Eswaran made post

How did the heavyweight stocks perform during the previous week ended on 09 October?

Answer
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Moii Chavate answered.
2 weeks ago


The week gone by saw some big gains for the Nifty stocks largely led by TCS on the back of results and its buyback announcement. A total of nine out of the ten most valuable companies on the Nifty gained Rs.301,145 crore in market capitalization during the week.

Just one single stock, TCS, contributed to the market cap accretion of Rs.109,645 crore during the week in the midst of its overall market cap crossing the level of Rs.10.50 trillion. TCS stock remained buoyant through most of the week.

There were other major gainers too. Among other big gainers, HDFC Bank added Rs.69,952 crore while Infosys added Rs.38,271 crore to its market value. HDFC, ICICI Bank and HCL Tech were the other value gainers that added around Rs.70,000 crore jointly.

Three stocks; Hindustan Unilever, Reliance and Kotak Bank made a small contribution to the Nifty gains. In all, 9 out of the 10 stocks among the top Nifty value stocks gained during the week with Bharti Airtel being the only top stock to lost value on competitive pressures.