InvestorQ : How did the index heavy weights perform in the stock markets for the last week of February 2020?
Priyanka N made post

How did the index heavy weights perform in the stock markets for the last week of February 2020?

Answer
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NISHA Nayak answered.
7 months ago


In a tumultuous week, you would normally expect huge losses in the stock market. The last week of February was a week of huge losses as the top 10 companies lost close to Rs.3,35,000 crore in market capitalization. Needles to say, it was the Chinese virus that took its toll on hydrocarbons, metals, autos and pharma stocks. Reliance Industries saw market cap depletion of close to Rs.1 trillion during the week while TCS and HDFC contributed another Rs.92,000 crore to the market cap depletion. Hardly any of the heavyweights were spared during the week with Bharti Airtel relatively better off losing just Rs.11,700 crore during the week. Sensex and Nifty lost close to 7% during the week. Virtually, none of the index heavyweights were spared.