InvestorQ : How did the heavyweights on the Nifty perform in the previous week ended on 01st October?
Dia Deshpande made post

How did the heavyweights on the Nifty perform in the previous week ended on 01st October?

Answer
image
diksha shah answered.
2 months ago
Follow

For the previous week that ended on Friday, 01-Oct, a total of 8 out of the 10 most valuable companies on the Nifty suffered erosion in value. The total value depletion in the previous week was to the tune of Rs.180,534 crore. Some of the fear factors that spooked market sentiments in the previous week included the Evergrande crisis in China, power crunch in China and the EU, rising US inflation and likelihood of RBI hiking reverse repo on Friday.

The big value losers in the previous week were led by the technology giants. So, TCS lost Rs.52,527 crore, Infosys lost Rs.41,783 crore, HDFC gave up Rs.22,643 crore, ICICI Bank surrendered Rs.21,096 crore, Bajaj Finance Rs.16,439 crore and HDFC Bank also gave up Rs.10,410 crore. Other contributors to the fall were smaller. The big exceptions to the falling trend were RIL adding Rs.25,294 crore and SBI which added Rs.9,773 crore last week.

4 Views