InvestorQ : How did the most heavyweight stocks on the Nifty fare in the last week ended on December 04, 2020?
vidhya Laxmi made post

How did the most heavyweight stocks on the Nifty fare in the last week ended on December 04, 2020?

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sarah Leo answered.
1 month ago
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If you consider the 10 most hefty stocks on the Nifty, then 6 out of the top 10 most valuable stocks in the Indian market added Rs.91,629 crore in market cap during the week. This was a week when the gains were largely concentrated only on Friday after the monetary policy.

Among the big gainers, ICICI Bank and TCS led the gains during the week. On the other hand, HDFC Bank and the rest of the financials pack in the index saw a correction during the week. Financials got some respite after the monetary policy but the action was more in sensitives.

ICICI Bank managed to add Rs.20,273 crore to market cap while TCS added Rs.17,580 crore during the week. Telecom major Bharti Airtel saw value accretion of Rs.16,695 crore during the week after it reported absolutely robust September subscription numbers adding 36 lakh new subscribers as against just 15 lakhs by Jio.

Among other gainers, Infosys gained Rs.14,525 crore, HUL added heft to the tune of Rs.11,971 crore and Reliance added a more humble Rs.10,587 crore during the week. These gainers were more than sufficient to offset the losses made in the week.

During the week, HDFC Bank lost a massive Rs.30,590 crore after the RBI decision to put a halt to HDFC Bank’s digital initiatives following frequent outages reported. Among others, Kotak Bank, HDFC and Bajaj Finance also saw loss of market cap.

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