InvestorQ : What are the stocks that drove the Nifty and Sensex lower in the first week of May 2020?
Mitali Bhutta made post

What are the stocks that drove the Nifty and Sensex lower in the first week of May 2020?

Answer
image
Dawn Cherian answered.
8 months ago
Follow

The week was negative for markets with heavyweights losing value. The top 10 stocks saw combined market cap eroding by over Rs.250,000 crore during the week. TCS, HDFC and HDFC Bank took the big hits in the market during the week. The only two stocks that gave positive returns during the week were Bharti Airtel and Reliance Industries with Infosys making some contribution on the positive side. RIL gained after Silver Lakes and Vista Equity took PE stakes in Jio Platforms and in addition, other players like General Atlantic Partners and Saudi Sovereign Fund also evincing interest in a stake. The journey towards zero-net debt appears to be the big story for Reliance Group at this point of time.

13 Views