InvestorQ : How did the heavyweights perform in the market in the Nifty in week ended 21 May?
Dia Deshpande made post

How did the heavyweights perform in the market in the Nifty in week ended 21 May?

Answer
image
swati Bakhda answered.
4 weeks ago
Follow

The week was certainly dominated by the bulls and the undertone remained extremely bullish. In fact, 9 out of the 10 most valuable companies on the Nifty added total market cap of Rs.2,41,177 crore for the week ended 21 May. There was only one loser in the top-10 and that was Hindustan Unilever which dropped in value after there were concerns over its ability to maintain margins in an industry where competition is getting tougher.

Among big gainers, HDFC Bank dominated the list by adding Rs.60,584 crore to its market cap followed by Reliance at Rs.40,604 and SBI at Rs.36,234 crore. Banks were the big story as ICICI Bank added Rs.31,320 crore, Bajaj Finance Rs.18,280 crore and HDFC piled up Rs.16,984 crore in market cap. Even TCS and Infy were buoyant. The boost to markets came from dovish Fed minutes and a sharp fall in the number of COVID cases in India.

3 Views