InvestorQ : How did the heavyweights on the Nifty perform in the previous week ended 15-Oct?
vaishnavi mhatre made post

How did the heavyweights on the Nifty perform in the previous week ended 15-Oct?

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vidhya Laxmi answered.
2 months ago
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With the overall Nifty up by more than 2%, the heavyweights predominantly did well, barring TCS, which corrected sharply post its quarterly results due to the results being below street expectations. For the previous week, 8 out the top-10 most valued companies by market cap on Nifty saw an accretion of Rs.152,355 crore in terms of market capitalization. The big gainers were HDFC Bank and SBI, which also triggered a sharp rally in Bank Nifty.

Among big gainers, HDFC Bank added Rs.46,349 crore in market value while SBI added Rs.29,273 crore to its market cap. Among other gainers during the week, Reliance Industries added Rs.18,384 crore, ICICI Bank saw accretion of Rs.16,861 crore , HDFC added Rs.16,021 crore while Kotak Bank saw market go up by Rs.15,944 crore. Ironically, TCS saw an erosion of Rs.119,849 crore post Q2 results, despite its OPM being robust at close to 26%.

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