InvestorQ : How did index majors in the stock markets perform in the previous week ended on 20 February?
Anamika Sodhani made post

How did index majors in the stock markets perform in the previous week ended on 20 February?

Answer
image
1 year ago
Follow

The week saw negative cues on the heavyweights overall. A total of 6 out of the top 10 companies saw their market cap deplete by an aggregate of Rs.29,487 crore during the week. Most heavyweights like TCS, Reliance Industries, Hindustan Unilever, HDFC Bank and HDFC saw depletion in value during the week. The biggest laggard for the week in percentage terms was Bharti Airtel which saw a value loss of Rs.10,693 crore as the government was virtually unrelenting on AGR dues collection. Bharti has time till mid March to shell out another Rs.25,000 crore. However, a handful of stocks like Kotak Mahindra Bank, Bajaj Finance, ICICI Bank and Infosys finished the week with healthy gains. Overall, it was an uncertain week with the Chinese virus pandemic being the prime driver.

5 Views