InvestorQ : How did the heavyweights like RIL, TCS and HDFC Bank perform in the markets in the week ending on 05 June?
vaishnavi mhatre made post

How did the heavyweights like RIL, TCS and HDFC Bank perform in the markets in the week ending on 05 June?

Answer
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diksha shah answered.
4 months ago


It was another strong week for the markets. The 10 most valuable stocks on the NSE added Rs.246,000 crore in market cap during the week and all the 10 stocks showed gains. Not surprisingly, after the series of stock placements and the rights issue, Reliance Industries alone added Rs.73,100 crore to its market cap during the week and crossed the psychological Rs.10 trillion market after a long gap. HDFC Bank saw its market value expand by Rs.46,000 crore while Kotak Bank soared Rs.31,000 crore on the hugely successful share placement to reduce the promoter stake. The other stocks that added value included TCS, HDFC, Bharti Airtel, ICICI Bank, Hindustan Unilever, Infosys and ITC. With the heavyweights gaining ground on the Nifty, there was little surprise that the Nifty gained 5.8% in the week.