InvestorQ : How did the most liquid stocks in the market perform in the previous week ended 22-April?
Debbie Mascarenhas made post

How did the most liquid stocks in the market perform in the previous week ended 22-April?

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diksha shah answered.
3 weeks ago
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It was a tough week for the markets with 8 out of top-10 listed companies losing Rs.221,556 crore in market. Of course, the big losers were Infosys and HDFC Bank. While Infosys corrected on the back of disappointing results and tepid margin guidance, HDFC Banks has the overhang of weak numbers as well as the overhang of the potential merger with HDFC Ltd, which itself is mired in a number of challenges at this point of time.

Infosys saw its market cap deplete by Rs.68,549 crore after tepid quarterly results while the dual impact of weak results and merger overhang saw HDFC Bank losing Rs.60,537crore. Among other losers in the week were Bharti Rs.30,128 crore, SBI at Rs.15,261 crore, Bajaj Finance Rs.13,265 crore, ICICI Bank at Rs.10,377 crore and HUL Rs.5,345 crore. There were 2 big gainers. Reliance gained Rs.139,358 crore and Adani Green Energy added Rs.3,699 crore.

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