InvestorQ : What are the stock that led the stock market correction in the last week of January prior to the Budget?
Arti Chavan made post

What are the stock that led the stock market correction in the last week of January prior to the Budget?

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Rutuja Nigam answered.
4 weeks ago
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Here are the highlights of how Indian companies fared in the stock market during the last week. No prizes for guessing but majority were value losers. Here we go.

· The benchmark index, the Nifty, lost close to 8% and so there is no surprise in the fact that 9 out of the 10 most valuable companies on the Nifty ended in the negative.

· The top 9 out the 10 companies actually lost value to the tune of Rs.396,630 crore. ICICI Bank was the sole exception being the only gainer during the week, albeit with small gains of Rs.2400 crore only.

· Among the losers in market cap, Reliance Industries lost Rs.131,000 crore while TCS gave up Rs.71,483 crore and IT major Infosys also lost Rs.42,936 crore.

· Other big value losers among the index titans included HDFC Rs.38,083 crore, Hindustan Unilever Rs.34,151 crore, HDFC Bank Rs.28,894 crore, Kotak Mahindra Bank Rs.23,320 crore, Bajaj Finance Rs.13,950 crore and Bharti lost around Rs.12,902 crore.

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