How did the market heavyweight stocks overall perform during the previous week ended 29-October?

The losses were bound to be huge among large caps with the market correction so sharply. IN fact, if you look at the 10 most valuable companies on the Nifty by market cap, 9 out of these top 10 Nifty companies lost a combined Rs.248,542 crore in value during the week ended on 29-Oct. Big losers during the week were the heavy weights like Reliance Industries and HDFC Bank as RIL saw the partly paid shares getting converted to fully paid.

In terms of specific losses during the week in market, Reliance Industries lost Rs.56,741 crore while HDFC Bank lost another Rs.54,843 crore. Among other heavyweight stocks that lost value during the week were TCS at Rs.37,453 crore, Infosys which lost Rs.27,679 crore, Kotak Bank losing Rs.27,545 crore, Bajaj Finance weaker by Rs.18,774.8 crore and HUL losing a full Rs.14,356 crore. ICICI Bank was the sole weekly gainer by Rs.30,010 crore.