The week ended 17 July was skewed in favour of market declines. Just about 3 out of the 10 most valuable companies on the NSE managed to add value to the tune of Rs.98,623 crore to the market cap. However, that was more than sufficient to compensate for the losses by the remaining companies as the week was all about the Infosys story, but there was more.

Infosys, Reliance Industries and Hindustan Unilever were the big gainers for the week ended July 17 but Infosys was the clear star after its first quarter results bettered consensus expectations by a margin. Infosys gained Rs.52,047 crore in market cap during the week. HUL added Rs.25,751 crore while Reliance added Rs.20,825 crore of value during the week.

Among the losers in value, HDFC was a significant value destroyer. During the week, HDFC lost Rs.13,920 crore while TCS lost Rs.7617 crore. ICICI Bank, Kotak Bank, Bharti Airtel and HDFC Bank were among the other significant losers during the week. With the latest rally, Infosys has entered the Top-5 list in terms of market capitalization.