InvestorQ : How did the market heavyweights on the Nifty perform in the week ended 09 April?
vaishnavi mhatre made post

How did the market heavyweights on the Nifty perform in the week ended 09 April?

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vidhya Laxmi answered.
3 weeks ago
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It was a kind of two-way market in the previous week ended 09 April. A total of 4 out of 10 most valuable companies by market cap in the Nifty added Rs.114,744 crore to the market cap during the one week. IT continued to dominate the market outperformance on the back of expected spurt in US growth even as banks were under pressure on lockdown worries.

In terms of numbers, TCS gained Rs.57,816 and Infosys Rs 23,625 crore. Apart from the Big-2, HUL added Rs.17,974 crore and Bharti Airtel Rs,15,329 crore. Among the big value losers, HDFC Bank lost Rs.35,750 crore, RIL Rs.24,756 crore, ICICI Bank Rs.18,997 crore and SBI Rs.15,618 crore. Clearly banks were hit by the pandemic and AT-1 bond uncertainty.

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