InvestorQ : How did the Nifty heavyweights like Reliance, TCS, HDFC Bank and others perform during the week ended 12 June?
Priyanka N made post

How did the Nifty heavyweights like Reliance, TCS, HDFC Bank and others perform during the week ended 12 June?

Answer
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NISHA Nayak answered.
3 months ago


If you look at the 10 most valuable companies in India in terms of market cap, the last week saw 7 out of the top 10 Nifty companies ending in the red. Between them they ended up losing Rs.78,127 crore in market value during the week ended on June 12. The biggest hit was reserved for HDFC Bank which lost Rs.28,392 crore in value. Other than HDFC Bank, other players like Bharti Airtel, Kotak Bank, ITC and ICICI Bank combined lost Rs.41,000 crore between them. However, there were some gainers too with stocks like Reliance, HDFC and Hindustan Unilever showing smart gains. Towards the end of the week, IT stocks came under pressure on lower IT spending worries and the H1-B visa related issues. Reliance continued to be robust ahead of its rights listing on 15 June, Monday.